08
Aug
Hertta-Maria Amutenja MINISTER of Industrialisation and Trade, Lucia Iipumbu says Namibia’s Foreign Investment Act is out of date and does not accommodate modern investment dynamics such as innovation and sustainable investment. Iipumbu made these statements during the Namibia Investment Promotion and Facilitation Bill Stakeholders Consultation in Windhoek on Monday. She highlighted that the current legislation does not support realistic efforts that encourage the adoption of 4th Industrial Revolution-driven investments, nor will it sufficiently support future policy developments centered on Special Economic Zones, which aim to safeguard Namibia’s ability to attract investments. “The new investment policy regime will thus improve a…