Proposed investment bill will create more unemployment

Proposed investment bill will create more unemployment

Proposed investment bill will create more unemployment

Niël Terblanché Namibia has amongst the highest unemployment rates in the world and the country’s current credit rating has been set at junk status by international rating agencies because of burdensome over regulation from the government. According to the Economic Policy Research Association (EPRA), Namibia’s economy remains stuck in a very precarious position, despite the economic potential provided by green hydrogen and oil discoveries. “With a suboptimal investment environment Namibia can simply not harness the potential these industries may present. We should not suffer under the illusion that (honest) investors are lining up to invest in Namibia. We must make…
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