06
Oct
Ester Mbathera Financial sector and governance experts expressed concerns about the structure of the Namibia Investment Promotion and Development Board (NIPDB). This follows the announcement by the NIPDB that it is transitioning to a new governance structure. Adrianus Vugs, a financial sector expert, argued that the creation of the NIPDB outside of formal government structures was flawed. He questioned why the institution reports directly to the president instead of to the Ministry of Industrialization and Trade (MIT), which he says raised concerns about its governance and transparency. “Why should it still report to the president? And why should the chairperson…