certain groups, including the country’s top investment board, which recently warned that it is not investor-friendly and needs to be revised. Presenting the 24-month strategy of the Namibia Investment Promotion and Development Board (NIPDB) to President Hage Geingob, the Board’s chairperson Nangula Uaandja noted that the bill needs to be improved although some of its sections are satisfactory.
Responding to these views of the NIPDB, President Geingob requested Uaandja to propose an alternative solution to address these concerns. “What are you offering us to address, since you are against the NEEEB?” the Namibian leader inquired. Previously, President Geingob alleged that some people have made it their mission to establish that certain provisions of the empowerment bill are unconstitutional, without providing any alternative solution to address the current socio-economic problems that are observed in Namibia.
The proposed legislation has also been defended by Prime Minister Saara Kuugongelwa-Amadhila against those groups who claim that it breaches the provisions of the Constitution. “The empowerment of our previously disadvantaged people who continue to suffer under poverty is not only the fair thing to do, but also the right thing to do as it enables them to make an optimal contribution to Namibia’s economic development ..,” she said.
