Investment bill to return to parliament
The Investment Promotion and Facilitation Bill is expected to return to parliament after it was withdrawn amid concerns that it is not aligned with its policy objectives.
During a stakeholder engagement in Rundu this week, trade minister Lucia Iipumbu said "there is a need to ensure that Namibia is not left with a policy gap when it comes to the investment environment to avoid investor uncertainty."
"The new investment policy regime will therefore enhance a conducive business environment in Namibia to fully leverage on new investment strategies pertaining to renewable energies and resuscitating a post-pandemic economy within an updated investment legislative and policy framework comprehensively.
"This will enable a viable institutional framework to support policy ambitions while fostering the required investor-friendly infrastructure," she said.
Liquor Act
At the same event, discussions also centred on the Liquor Act, which makes provisions for the licencing of all establishments in the supply and sale of liquor, and how to effectively address and provide assistance to entrepreneurs when faced with challenges in its administration.
Iipumbu also underlined that the national consumer protection policy has highlighted the need for legislation to address unfair commercial practices affecting businesses and consumers, including marketing tactics, advertising campaigns, sales promotions and other commercial practices directed at influencing consumer decisions in the marketplace.
According to her, government considers the effective protection of consumer rights vital, and this, therefore, ranks high on the ministry’s agenda.
[email protected]
During a stakeholder engagement in Rundu this week, trade minister Lucia Iipumbu said "there is a need to ensure that Namibia is not left with a policy gap when it comes to the investment environment to avoid investor uncertainty."
"The new investment policy regime will therefore enhance a conducive business environment in Namibia to fully leverage on new investment strategies pertaining to renewable energies and resuscitating a post-pandemic economy within an updated investment legislative and policy framework comprehensively.
"This will enable a viable institutional framework to support policy ambitions while fostering the required investor-friendly infrastructure," she said.
Liquor Act
At the same event, discussions also centred on the Liquor Act, which makes provisions for the licencing of all establishments in the supply and sale of liquor, and how to effectively address and provide assistance to entrepreneurs when faced with challenges in its administration.
Iipumbu also underlined that the national consumer protection policy has highlighted the need for legislation to address unfair commercial practices affecting businesses and consumers, including marketing tactics, advertising campaigns, sales promotions and other commercial practices directed at influencing consumer decisions in the marketplace.
According to her, government considers the effective protection of consumer rights vital, and this, therefore, ranks high on the ministry’s agenda.
[email protected]
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