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HomeMore NewsBanking & FinanceNamibian president demands an alternative solution from Investment Board

Namibian president demands an alternative solution from Investment Board

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WINDHOEK, Namibia (CU)_Despite great strides that have been made since the beginning of national reconciliation more than three decades ago, inequality remains entrenched in Namibia. In order to address this challenge, the government introduced the new equitable economic empowerment bill (NEEEB), with the aim of tackling structural inequalities and income disparities in the African nation. According to the government, the proposed bill would be a necessary intervention in order to ensure “the lack of participation of the black majority in the economy remain the glaring legacy of our past”.

However, the NEEEB has attracted criticism from…

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