09
Jul
Staff Writer The government’s decision to repeal current manufacturing incentives, and the Economic Processing Zone’s (EPZ) will negatively impact on the country’s ability to attract foreign direct investment. “The recently gazetted Amendments of Income Tax Act, No. 7249, have repealed the current manufacturing incentives, and the Economic Processing Zone (EPZ) which will be phased out by 28 February 2021. Team Namibia is totally in support of the manufacturing sector. We need more local produce and manufactured products for our sustainable economic development and most importantly, job creation and the reduction of poverty,” Team Namibia Account Director, Bärbel Kirchner said. “The…