Tag: Business

The Namibian Correctional Service (NCS) has warned the public to not make payments to any person offering employment in the NCS.

A statement issued by the Ministry of Home Affairs, Immigration, Safety and Security on Thursday, said the NCS is cautioning the public not to make any monetary payment to any person claiming to assist in securing employment in the NSC.

According to the statement, the NSC has been receiving numerous reports from job seekers who have paid strangers who offer to facilitate job placements for positions advertised in September 2022.

It further noted that the recruitment process is ongoing and the names of the shortlisted candidates will be released by 13 January.

Source: The Namibian Press Agency

Chief Electoral and Referenda Officer of the Electoral Commission of Namibia (ECN), Theo Mujoro, has urged residents of the Moses //Garoeb Constituency to come in big numbers and participate in the upcoming by-election.

The by-election, scheduled to take place on Friday, was necessitated by the death of Constituency Councilor, Aili Venonya, in October 2022.

In an interview with Nampa on Wednesday, Mujoro said it is unfortunate that the by-election is taking place while most of the people have travelled for holidays, but that he is hopeful that many will be back in time to take part in the process.

“This election is very important, because since the passing of the late councillor, the constituency has had no councilor. That’s why I am urging community members to come and vote for their leader, as there is a developmental agenda that needs to be carried on until the end of 2025, when the Local Authority and Regional Council elections will be conducted,” explained Mujoro.

In addition, Mujoro indicated that the voter’s education team is busy in the community holding face to face sessions with community members and distributing posters, flyers and all the information needed for the elections.

(NAMPA)

Source: The Namibian Press Agency

The organiser of the Navachab Half Marathon, Berthold Karumendu, says preparations are at an advanced stage for the eighth edition of the annual competition scheduled for Karibib on Saturday.

Speaking at a media conference in the capital on Tuesday, Karumendu said the event makes a long-awaited welcome back following a two-year hiatus due to Covid-19.

“Karibib is ready, everything is in place. We are waiting for the athletes to make their way to Karibib for the race. We will have registration until 18h00 on Friday on the main street, before moving the stadium to continue until midnight. We will also have late registration Saturday morning,” he said.

Karumendu noted that most road races in Namibia are being discontinued due to lack of funding, hence his appreciation to Navachab Mine’s for the continued support of the marathon.

“As I was having a meeting with the sponsors I told them that for us to keep the race alive and move it to an international event, we must put up good prize monies that will attract top quality racers from around the world,” he said.

Karumendu added that he always gets calls from athletes from all over the continent, but they are discouraged by the low prize money, hence their decision to compete in neighbouring countries like South Africa and Botswana which have competitive prizes.

The hardworking Erongo Regional Sports Officer said this year the prizes have been increased from N.dollars 5 000 to N. dollars 7 000 for the winners of the elite races in both the male and female categories.

The veterans, junior men and women will each receive N.dollars 5 000, while the Master’s winners will get N.dollars 3 000.

The winners of the second and third places will be awarded N.dollars 5 000 and N.dollars 3 000.

The Navachab employees who will participate and come first in both the men’s and women’s categories will get N.dollars 1 000.

Learners who are winners will each get N.dollars 500.

Meanwhile, Karumendu said they are planning to make the event an International Bronze Event (with minimum prize money of N.dollars 25 000) to attract international runners.

Source: The Namibian Press Agency

Twenty-nine health workers, including nurses, medical doctors and environmental health officials, graduated from a frontline course in Field Epidemiology and Laboratory Training on Thursday.

Officials from different institutions including the Ministry of Defence, Ministry of Agriculture, and Namibian Institute of Pathology, underwent the three months of training aimed at strengthening public health interventions such as disease surveillance and outbreak investigations and responses, including data management focusing on data quality audits.

Speaking at the graduation ceremony, Deputy Minister of Health and Social Services Dr Utjiua Muinjangue said the knowledge and skills offered in the training are needed now more than ever, as Namibia continues to respond to the COVID-19 pandemic and other emerging and re-emerging disease outbreaks.

She said threats of Monkeypox globally, Poliomyelitis in Southern Africa, and the recent measles outbreak in the Omusati Region and in Zimbabwe, where it has claimed more than 600 lives thus far, are a clear indication that Namibia needs to be prepared at all times.

“The COVID-19 pandemic has taught us the importance of having well equipped disease detectives on the ground, especially at local level. Disease detectives are the catalyst of the impacts any disease outbreak can pose, being effects on the health system, or socio-economic,” she said.

The training programme, which was initiated in 2012, is supported by the Centres for Disease Control (CDC) Namibia and has so far capacitated about 218 officials in Namibia.

CDC Country Director Dr Brian Baker said the course has helped the officials to be first responders and to know how to react when there is a disease outbreak and to always be on the lookout for disease outbreaks.

He encouraged them to look for further opportunities in addition to the training and to participate in activities that will enhance their skills and enable them to effectively contribute to preparedness and responses to disease outbreaks in Namibia and abroad.

World Health Organisation (WHO) Country Representative, Dr Charles Sagoe-Moses, said it is evident that the training has played a central role in the response to the COVID-19 pandemic and other public health emergencies in Namibia.

He said the graduation comes at the right time as Namibia, with support from the WHO, is in the initial stages of rolling out the Emergency Preparedness and Response flagship initiative that aims to strengthen the country’s capacity to prepare for, detect and respond to emergencies with public health consequence.

Source: The Namibian Press Agency

Namibia can benefit massively from the biomass industry over the next 25 years and stands to generate an estimated N.dollars 76 billion from the industry over the same period.

This was said by Minister of Environment, Forestry and Tourism Pohamba Shifeta when he officially opened the biomass industry conference and launch of the national strategy on the sustainable management of bush resources here on Thursday.

Shifeta said studies have shown that the biomass industry possesses enormous economic benefits in the rehabilitation and restoration of bush encroachment land.

He said bush encroachment can be used as the basis for value chains that contribute to improved domestic economic development, add value to export products, and create employment as well as income in rural areas.

“The ministry is calling on farmers, private companies and other stakeholders to seize the opportunity to restore land that is degraded through bush encroachment and create revenue,” he said.

Shifeta noted that the ministry will ensure work in the sector is carried out in a sustainable manner based on the application of science and on value addition, and equally ensure the sector benefits local communities, adding that Namibia faces a number of pressing environmental challenges, which include bush, biodiversity loss and climate change.

He indicated that in spite of the impact of the COVID-19 pandemic, the bush biomass sector continued to grow and has a high economic potential post-pandemic to add to the country’s economic recovery.

“It is not surprising to see a growing interest from the private sector, national and international development institutions to promote bush value chains and build a flourishing bush-based biomass industry. We encourage the further development of the sector and the ministry is committed to ensuring the optimal management and use of bush resources to safeguard the sustainability of the resource base and to generate environmental and socio-economic benefits,” he noted.

The two-day Biomass Fair started Wednesday and is being hosted by the Namibia Biomass Industry Group (N-BiG), the Charcoal Association of Namibia (formerly known as the Namibia Charcoal Association), and the Namibia University of Science and Technology.

Source: The Namibian Press Agency

The Ministry of Labour, Industrial Relations and Employment Creation is currently developing an informal economic policy aimed to develop Namibia’s informal economy as a key pillar of the national development strategy.

The ministry’s Chief Economist Shikongeni Ntinda at an informal economic stakeholders workshop here on Tuesday said the policy seeks to address challenges faced by the informal economy, including infrastructure, entrepreneurial development and institutional support.

Ntinda said according to the 2018 Namibia Labour Force Survey, Namibia has a total of 725 742 employed people of which 418 674 are in informal employment, representing 57.7 per cent of total employment in Namibia.

He noted that informal employment offers a necessary survival strategy in countries that lack social safety nets, such as unemployment insurance, noting that since COVID-19 hit Namibia many businesses experienced hard times which resulted in many job losses – making the informal economy a lender as last resort for many.

“There should be a broader discourse on industrialisation, structural change and long-term resilience to the informal economy hence the policy will be a bridging tool between informal and formal economies. We should have an idea, to have an organised informal economy being run in an organised manner,” he said.

Ntinda further noted that the informal economy should be recognised in the country’s economic setup as it is a testbed of entrepreneurship, adding that most informal activities are legitimate efforts by the urban and rural poor to forge a livelihood in often hostile policy environments.

Speaking at the same event, line Minister Utoni Nujoma said the informal economy is difficult to measure because activities within it cannot be directly observed, and for the most part, operators in the informal economy do not want to be accounted for.

He indicated that there is a need for comprehensive intervention for the informal sector through policies to address the informality and promote decent work for all Namibians.

“Addressing informality is essential and urgent to support inclusive economic development and reduce poverty countrywide. The informal economy comprises activities that have market value and would add to tax revenue and GDP if they were recorded in the National Account,” he said.

Source: The Namibian Press Agency

Deputy Prime Minister and Minister of International Relations and Cooperation Netumbo Nandi-Ndaitwah, together with Prime Minister, Saara Kuugongelwa-Amadhila, were nominated for the position of vice president at a Swapo Party Political Bureau meeting held on Monday.

The same meeting also nominated incumbent, Sophia Shaningwa and Swapo Regional Coordinator for the Oshikoto Region, Armas Amukwiyu for the position of secretary heneral.

The deputy secretary-general portfolio will be contested by Members of Parliament Lucia Witbooi, Eveline Nawases-Taeyele and Swapo Party Kavango West Regional Coordinator, Dawid Hamutenya.

A media statement issued by Shaningwa on Tuesday said only the position of the Swapo Party president will not be contested and that current president of the party, Hage Geingob, will be going into the congress unchallenged.

Source: The Namibian Press Agency

Namibia’s men’s national development side, the Eagles’ bad form continued at the ongoing 2022 Bilateral Global Namibia Twenty-Twenty (T-20) matches on Friday and Saturday as they lost their two matches to the Lahore Qalandars by six and eight wickets respectively.

On Friday, the Qalandars (from Pakistan) won the toss and elected to bowl first, restricting Namibia to 136 runs for the loss of eight wickets in 20 overs (136/8).

Zane Green, Johannes Smit and Jan Nicol Loftie-Eaton were the only batsmen to reach double figures as Green top scored with 55 runs from 44 balls.

Smit knocked 38 off 32 while Loftie-Eaton scored 13 from 13.

The Qalandars then scored 138/4 in 19.1 overs to claim a six wicket victory over the Eagles with Shane Dadswell (Qalandars number six batsman) named man of the match after scoring 40 runs not out from 26 balls.

In the second match, the Eagles won the toss and elected to bat but found the going tough as they were skittled out for 155/6 in 20 overs.

Once again, only three batters managed double figures, with Divan la Cock (16 runs) and captain Merwe Erasmus (63 runs not out) joining Loftie-Eaton (51 runs).

Four of the top five Qalandars batters managed to hit double figures with opener Muhammad Naeem retiring due to injury after scoring 56 runs from 36 balls.

Qalandars fast pace bowler Dilbar Hussain was named man of the match after taking four wickets for 29 runs in four overs.

In the other match played on Saturday, South Africa’s DP World Lions beat the Qalandars by 47 runs after scoring 164/4 in 20 overs.

The Qalandars were bowled out for 117/9.

Namibia had lost their first game of the series by 18 runs to DP World Lions in the first day of the tournament at Wanderers Cricket Fields.

At the same venue on Sunday, Qalandars play the DP World Lions before the Lions play Namibia in their second match of the day.

The DP World Lions top the log with four points from two games, while the Qalandars have four points from three matches and the Eagles anchor the log with zero points from three matches.

On Monday, the Lions will play the Qalandars in the final of the three team tournament, before the Eagles play two 50 over matches against the Qalandars on Wednesday and Friday.

Source: The Namibian Press Agency

GENEVA — The U.N. Food and Agriculture Organization says consumers are not yet feeling the benefits of declining food prices. The FAO says world food commodity prices dipped for the fifth consecutive month in August.

Lower world food prices generally reflect better availability at the global level. However, FAO says, this time, lower wholesale prices have not led to better food access or lower prices for consumers.

FAO Director of the Markets and Trade Division Boubaker Ben-Belhassen said availability has improved, while access to food commodities has not. This, despite declining prices five months in a row.

“This is due to several factors including the persistent high cost of processing and transportation, logistics, and the exchange rate also of currencies of countries as against the U.S. dollar,” he said. “Also, the cost-of-living crisis has affected access. So, that is why we have not seen this decline in prices at the world level translating into lower prices for consumers or at the retail level.”

Ben-Belhassen cautioned that a drop in world prices does not necessarily result in market stability. He said that is subject to the uncertainties and volatility surrounding developments in the energy market and the price of fertilizer.

He said continued high energy and gas prices reduce profitability and increase production costs for farmers. He added that will pose a serious challenge for farmers in the coming year.

He noted the U.N.-brokered Black Sea grain initiative allowing Ukraine to export its grain and other foodstuffs has improved the availability of food on the world market. Prior to the July agreement, Russia had blockaded Ukraine’s three key ports triggering a global food crisis.

Ben-Belhassen said the better availability of food on the global level has not translated into greater access at the consumer level. He said the increased shipment of goods from Ukraine has not alleviated food scarcity in sub-Saharan Africa and other developing countries. He noted that is because most grain exports go to middle-income countries.

“So, it does not really go to those countries that are most affected or are most in need for better domestic supplies,” he said. “We hope the situation will improve with time. We hope that the shipment also will go to these countries.… We are still concerned about access, about the cost-of-living crisis.”

The FAO official says families in low- and middle-income countries tend to spend 50% to 60% of their monthly income on food. He warned the implication for food security could be very serious if consumer food prices do not drop significantly.

Source: Voice of America

Escalating violence in the Democratic Republic of Congo (DRC) stems from deep economic, political and geopolitical conflict spanning almost three decades.

At the height of what’s been called by experts “Africa’s World War” at the turn of the 21st century, the conflict pitted Congolese government forces supported by Angola, Namibia and Zimbabwe against several opposition armed groups backed by Rwanda and Uganda.

Numbers were difficult to verify, ranging from 2.5 million to 5.4 million, but this period is often cited as the largest loss of life since the Second World War.

There was also widespread rape and sexual violence, child soldiering, forced displacement and human rights abuses.

Recent violence threatens fragile peace in the DRC and the African Great Lakes region. But despite escalating death, displacement and fear, Canadian media have largely ignored the DRC conflict.

In addition to concern for human life, Canadians should care for three key reasons.

1. Mineral extraction

The increasing demand for mobile phones and electric vehicles is linking consumers to violent extraction in the DRC.

The country is rich in minerals and is the source of 60 per cent of the world’s reserves of coltan, which powers our cellular phones. It also produces more than 70 per cent of the world’s cobalt, used in electric car batteries.

The extraction of these minerals comes at great human cost.

Researchers have documented the use of child labour, environmental degradation, sexual violence and economic rationale for war — meaning some have profited from mineral exploitation and war while the majority of the Congolese population lives in poverty.

As consumers, Canadians should care about how our purchases are linked to violence and human rights abuses in a globalized world.

2. Canada supports peacekeeping in the DRC

Canada has contributed human and financial resources to peacekeeping in the DRC.

Once the largest and most expensive peacekeeping operation in the United Nations’ history, the UN’s current mandate in the DRC has been scaled back.

Ongoing allegations of UN personnel involved in sexual exploitation, economic profiteering and ineffectiveness have turned the Congolese people against the UN.

Recent protests have been violent, resulting in the deaths of 36 people, including four UN peacekeepers.

The UN has temporarily withdrawn from Butembo, a major city in eastern Congo. The Congolese government has also expelled the UN mission’s spokesperson.

Given Canada’s investments in peacekeeping operations in the DRC, Canadians should demand accountability for alleged human rights violations by UN officials.

Canadian multilateral diplomacy also has a vested interest in ensuring the credibility of UN peacekeeping to maintain and promote peace. The DRC is central to regional stability as the second-largest country in Africa bordering nine neighbours.

3. Canadian-Congolese connections

Ongoing violence in the DRC has caused people to flee Congo to neighbouring countries and to Canada. The DRC consistently ranks among the top countries in terms of alleged persecution in refugee claims in Canada.

Congolese refugees are resettled to Canada through private sponsorship or government assistance streams, and Canada is a destination for Congolese international students. At a time of declining French-language speakers in Canada, Congolese-Canadians make up an important percentage of francophones.

These human connections can be leveraged by the Canadian government for expertise on the situation in the DRC, and Canada’s response.

How should Canadians respond?

Canada is connected to the DRC through the global economy, international peacekeeping efforts and migration. We must not ignore violence because it’s far away.

As consumers, we need to hold companies accountable for ethical sourcing of materials in our cellular telephones and electric vehicles.

We need accurate and timely information on events unfolding in the DRC. If Canadian media do not have resources for dedicated reporting, they should amplify stories from credible local, regional and international news organizations.

As constituents, we need to call on our MPs and the ministers of Foreign Affairs, Defence and International Cooperation for accountability for Canadian and UN peacekeeping in the DRC.

While Canadian officials have said no Canadian personnel were injured in the recent anti-UN violence, they have not publicly commented on the underlying reasons for the protests.

The Canadian government should convene a group of experts, including Congolese-Canadians, to review Canada’s role in the DRC and propose a strategy for current and future peace support operations in the country.

As a long-standing contributor to peacekeeping in the DRC, Canada has a responsibility to ensure that our interventions respect human rights and contribute to lasting peace.

Source: The Conversation Media Group Ltd

City of Windhoek (CoW) Swapo councillor, Queen Kamati, has accused the municipality of failing to provide adequate informal trading markets in the city, which has resulted in an influx of illegal traders.

Tabling a motion during the council meeting here on Wednesday, Kamati stressed that the reality on the ground is that there are simply inadequate informal trading areas in Windhoek, resulting in traders scattering all around the city, including in undesignated trading areas.

She fumed that illegal trading is degrading the face value of the Central Business District, saying unregulated activities have occupied sidewalks, forcing pedestrians to walk on the roads, while some set up their trading spaces in front of formal shops and under unhygienic conditions.

“It is my strong conviction that our planning processes in the city do not give due attention or priority to open/informal trading areas, bus terminals and taxi ranks. We approve shopping malls/hubs to be built in the city, however, we do not make provision for open/informal trading

areas, bus terminal and taxi ranks,” she said.

Kamati said illegal trading occupation often leads to confrontation between traders and law enforcement agencies, who are simply doing their job by enforcing the laws and by-laws as per their existing mandate.

She further indicated that the municipality is not in compliance with the United Nations Agenda 2030 Sustainable Development Goals, which implore municipalities to make cities and human settlements more inclusive, safe, resilient, and sustainable and to be transformed into hubs for commerce, human and economic development activities.

“We promised our people that we will improve the delivery of municipal services as well as develop adequate infrastructure and subsequently

boost economic growth and help create much-needed jobs. We committed to building sustainable communities with clean, healthy, safe and conducive environments for our residents to trade in order to make ends meet,” she stressed.

Kamati noted that given the municipality’s lack of funding to implement activities as contained in the strategic plan, informal trading must remain an area that deserves much attention to create a safety net of social services, while at the same time restoring citizens’ dignity.

Source: The Namibian Press Agency

Germany’s flagship airline Lufthansa on Tuesday morning took delivery of its first Boeing 787-9 jet at its home base in Frankfurt.

It is the first twin-engine ‘Dreamliner’ to be added to the Lufthansa fleet, replacing older Airbus models with four engines.

According to Lufthansa, the 787 consumes about 2.5 litres of paraffin per passenger per 100 kilometres of flight, making it 25% more efficient than its predecessor.

‘This aircraft is sustainable and offers customers a premium flying experience,’ Lufthansa boss Jens Ritter said.

The delivery had been delayed by technical problems at Boeing and a delivery ban that was lifted only a few days ago.

Source: The Namibian Press Agency

Namibians should unite to develop positive solutions toward economic recovery, sustainable development and shared prosperity, President Hage Geingob has said.

Opening the 21st edition of the Ongwediva Annual Trade Fair (OATF) on Sunday under the theme ‘Gearing towards smart economy’ Geingob said the global economic difficulties the country has faced calls for government, private sector, labour unions and civil society to work together to develop positive solutions that will enable the economy to become more robust and resistant to external shocks in future.

He said as Namibia gears towards positioning itself to adopt the fourth industrial revolution (4IR) concept, the government has prioritised agriculture, health, finance, defence and education sectors to increase production, create new jobs and ensure food security through technological transformation.

“Moving forward, Namibia’s success can only be guaranteed through sacrifice, hard work and most importantly, unity. As we develop our blueprint for moving forward post Covid-19, let us all realize that if we plan together, think together and work together, we will achieve success as One Namibia, One Nation,” he said.

Geingob noted that the 4IR Taskforce, appointed on 01 July last year, has been working jointly with the World Economic Forum to develop a 4IR Policy and Legislative toolkit for use to ensure that Namibia’s policy and legislative instruments are 4IR compliant and “Future –Proof,” given the rapidly advancing nature of these modern technologies.

Government and the private sector, he said should therefore work together in order to promote technological transformation in the local economy and work on ways to combine digital transformation with innovation and talent competitiveness to improve Namibia’s readiness for the 4IR.

It is commendable that the OATF has this year, attracted over 350 local and international exhibitors which indicates a fair number of active economic sectors in the country, he said, stressing that: “Government’s overall goal remains to achieve our long-term vision, that of an industrialised nation developed by her human resources, with a healthy Gross Domestic Product (GDP) growth.”

The trade fair which commenced on Friday ends 01 September 2022.

Source: The Namibian Press Agency

President Hage Geingob said the struggle for economic emancipation of Namibians requires new heroes and heroines, and this is the time for them to step forward to the challenge.

Geingob while addressing the Heroes Day commemoration at Mariental in the Hardap Region, on Friday said, just as the liberation struggle was long and bitter, so too will the economic struggle be long and bitter, but victory is certain.

He said over the past years, Namibia has faced many challenges which have all played a role in placing the economy under enormous pressure such as the variables of global commodity crisis, currency fluctuations, and recurrent droughts that were among the worst in recent history, as well as the Covid-19 pandemic which took the lives of many Namibians who included many veterans of the liberation struggle.

Those who fought for the independence of Namibia, he noted, have laid a solid foundation of unity and sacrifice and now the onus lies with the nation to continue the march where they left off, to fulfill the ideals, which spurred them to patriotic action.

‘We must realise that it is only the Namibian people who can usher in the dawn of economic liberation. Let us not despair and surrender to a sense of helplessness as we face economic issues today. Now is the time to redouble our efforts to confront these issues head-on until we are able to liberate our nation from the shackles of economic enslavement.

As we observe Heroes Day, let us tap into the spirit of those who stood up against colonial oppression, let us emulate their zeal, patriotism, their bravery and unwavering determination, so that we redouble our efforts and continue the march towards building a Namibia that will stand strong, a Namibia that is united, a Namibia that is peaceful, and a Namibia that will be prosperous for many years to come,’ he said.

He further urged Namibians to recognise that Namibia’s victorious struggle for freedom was the result of the cooperation of like-minded patriots who grasped the significance of independence and valued it above all else.

They originated from all fourteen regions of the nation, transcending the tribal Bantustans established by Apartheid and united as one people against oppression, Geingob said.

Source: The Namibian Press Agency

The Namibia Investment Promotion and Development Board (NIPDB) has announced the appointment and deployment of five Investment and Export Promotion Attachés (IEPA) to strategically selected markets.

In a statement availed to Nampa on Wednesday, the NIPDB said the five are Theresa Sipiho (Sub-Sahara Africa, Pretoria, South Africa), Tunga Mboti (North Africa and the Middle East Middle East, Cairo, Egypt), Tina Andima (Asia Pacific, Beijing, China) and Lwaba Jario (Americas, New York, United States of America).

The five attachés assume their duties on 01 September 2022.

“This follows the development of the Foreign Representation Framework (FRF), which provides the guiding principles for foreign representation deployment and enables the board to implement result-driven investment promotion, attraction and facilitation,” the statement said.

It added that the five will play an oversight role for locally recruited staff and other stakeholders in other countries in their regions, to maximise the utilisation of limited resources.

Previously, this function fell under the Ministry of Industrialisation and Trade (MIT).

Their duties were to create brand awareness for Namibia in foreign markets, generating Foreign Direct Investment (FDI) leads, increasing and improving trade activities between Namibia and those countries, as well as exploring new and expanding existing export markets.

“With the NIPDB assuming the role of Namibia’s Investment Promotion Agency (IPA), overseeing the deployment of investment-focused attachés now forms part of the board’s mandate,” the statement added.

The statement quoted NIPDB Chief Executive Officer, Nangula Uaandja, as saying that to effectively execute its mandate of FDI attraction, the board has been developing investor-focused marketing tools that will ensure consistency and performance.

“The NIPDB intends to take a more direct and targeted approach to investment attraction. The attachés will be supported by a technical team who will provide market intelligence that will allow them to target investors in key sectors. This will enable us to target the type of investor we would want to attract to Namibia,” said Uaandja.

The NIPDB was established to promote and facilitate investment by foreign and Namibian investors, with the aim of contributing to the country’s economic development and job creation.

Source: The Namibian Press Agency