Local Ownership must start with the state-Alweendo

Martin Endjala The Minister of Mines and Energy, Tom Alweendo says that local ownership must start with the state, in whose ownership of the country’s natural resources is vested. The proposed State ownership should take the form where the state owns a minimum equity percentage in all mining companies and petroleum products for which it does not have to pay. This comes after several Members of Parliament questioned the exploration and ownership rights of foreign investors in the country and not Namibians. “If we agree that local ownership is so important - and we do agree - and we also…