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Government plans to build, own and transfer an investment model – President Geingob
Friday, July 27, 2018 – 13:13
President Hage Geingob said the government could consider the model "build, own and transfer" to investment.
The model is commonly used to attract foreign investors who carry out large scale investment projects. Geingob said manufacturing and adding value to natural resources were priorities. In this regard, the "build, own and transfer" model would allow foreign investors to recover costs, Geingob noted that the country would achieve faster and more diversified economic growth.
South Africa remains Namibia's largest trading partner and the Namibian leader told the business community that the government has instituted a number of reforms for a favorable business environment.
visa upon arrival, revised policy on export processing zone (EPZ) among others. President Geingob assured investors that implementation is on track.
Meanwhile, the head of state also warned of corruption. He urged the business community not to accept or bribe ordinary civil servants or Namibians.
His government declared the war against poverty and corruption and declared that no one would be spared.
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