Starting businesses in Namibia hampered by lack of political will

16 Apr 2019 15:40pm
WINDHOEK, 16 APR (NAMPA) – The process of starting a business in Namibia is hampered by a lack of political will and urgency to improve the country’s economic competitiveness.
This is according to a report titled ‘Improving the Business Environment in Namibia’ launched by the Institute for Public Policy Research (IPPR) here on Tuesday.
The IPPR said in its report, Namibia has not made any progress in improving its global competitiveness since 2010, because improving the country’s competitiveness was not a political and governance priority.
The IPPR noted that Namibia needs both domestic and foreign investment as a pre-requisite if it is to grow and prosper.
“The government can also introduce laws and spending priorities that make sure the benefits of investment do not simply go to a narrow band of the population that is already well-off,” the report added.
The IPPR recommended that Namibia should build on its competitive advantages by ensuring it improves basic efficiencies in the services offered to businesses.
(NAMPA)
ANS/PS/EK