国产精品99一区二区三_免费中文日韩_国产在线精品一区二区_日本成人手机在线

Namibia moves to smooth ease of doing business

Source: Xinhua| 2019-07-31 18:23:49|Editor: ZX
Video PlayerClose

WINDHOEK, July 31 (Xinhua) -- Namibia has commenced with reforms to regulatory processes in order to smooth the ease of doing business, President Hage Geingob said Wednesday.

Speaking at the opening of an economic summit, Geigob said the country's economic situation had compelled the government to rethink its developmental path, which has had a disproportionate reliance on government expenditure.

"This approach cannot be sustainable in the long run. There is thus need to buttress ongoing reforms, to ensure a more conducive business environment and reduction in bureaucratic bottlenecks.

Some of the changes include the removal of the compulsory 25 percent equity clause in NEEEF (New Equitable Economic Empowerment Framework).

Geingob said the bill will be tabled within parliament in the next six months.

"However, all pillars will remain and be taken into account for enterprises doing business with government and applying for natural resource licensing," he said.

There have also been changes made to the Namibia Investment Promotion Act.

The act was put on hold to accommodate broader inputs by the private sector. Substantive amendments were effected to address concerns raised, such as that the act was cumbersome and too bureaucratic and defeating its intended purpose as an instrument to promote investment.

According to Geingob, the government has finalized revisions and the bill will be tabled to the Cabinet Committee on Legislation and thereafter cabinet before proceeding to parliament.

"The act could be operational by end of this financial year," he said.

TOP STORIES
EDITOR’S CHOICE
MOST VIEWED
EXPLORE XINHUANET
010020070750000000000000011100001382727271
主站蜘蛛池模板: 邛崃市| 玛沁县| 黄平县| 广水市| 措美县| 陈巴尔虎旗| 朝阳区| 原平市| 沽源县| 博罗县| 瑞金市| 乌海市| 广宁县| 巴马| 太湖县| 敦煌市| 文水县| 桦甸市| 福安市| 莱州市| 吴桥县| 七台河市| 许昌县| 凤山县| 平罗县| 札达县| 彭阳县| 襄城县| 宁国市| 温宿县| 上犹县| 宁强县| 淮阳县| 武汉市| 阿合奇县| 崇义县| 临武县| 龙游县| 年辖:市辖区| 乌鲁木齐市| 天长市|