Northern millionaires decry ‘foreign invasion’

“Politicians should come out and tell us if we must do business or leave the business to foreign nationals,” the group lamented.

11 June 2021 | Local News

Mathias Haufiku







Windhoek

A group of businessmen from the north, some who have for years benefitted handsomely from public contracts, are decrying the increasing presence of foreign business in that part of the country, and accusing authorities of not protecting their businesses against new competition.

The business owners said lawmakers and politicians “should come out strongly and tell us if we must do business or leave the business to foreign nationals because we can see that we can talk but no one is listening”, adding that government is “pretending to not see what is happening”.

They claim Namibian business people are dislodged from economic activities.

In a letter to government through the Namibia Chamber for Commerce and Industry (NCCI) on Monday, the group said the situation has resulted in the creation of perceptions that there is rampant – and some dare say wanton – lack of protection from government to safeguard local interests.

The group includes business personalities such as Ben Hauwanga, Ben Zaaruka, David Nghipunduka, David Sheehama, Erastus Shapumba, Martin Shipanga and Fenny Nanyeni, amongst others.

“The message we wish to put across is simply the imperative for government to further protect the business community, particularly in the northern areas of Namibia, from foreign nationals who have been thriving at the expense of locals.

“If Namibian business people are not protected from foreign nationals’ businesses in terms of law enforcement such as the Namibia Investment Promotional Act, then in the next two years our own businesses will find themselves out of business as competition is not favourable any more,” the group said.

This will boil down to retrenchments, they cautioned.

“Foreign nationals are opening shops next to our local business people in retail space and other industries. Namibians will soon become economic aliens in their country if due care is not taken,” the group charged.

Foreigners get support

They also claim that since the promulgation of the Namibia Investment Protection Act, the business community has continued to decry the prevalence of unfair competition, particularly from the perspective that some foreign entities enjoy enormous support from their countries of origin to the detriment of locals.

“They have not ventured into the creation of value chains but have rather suffocated the retail sector to such an extent that locals are crowded out. It is important to really reflect and critically assess the environment both externally and internally.”

According to the group, most local business entities, particularly in the retail sector, have been suffocated through economic and financial strangulation.

“The competitors have immense financial and economic muscle. The locals that had hitherto set up infrastructure are now simply renting out their premises to these giants at laughable rental fees. This is particularly prevalent in the retail sector.

Suppliers have developed what can only be termed as ‘tribal’ preferences. They give good discounts and terms to their kith and kin who have set up shop on every inch. They have completely changed the retail landscape without adding anything to economic activity production wise,” the group said.

“We, the local business people, are not against competition. Simply put, we cherish the challenge competition poses. It is good for the consumer. We simply wish to request our government to level the playing field.

“We need to identify short- and long-term attention areas. One such area is the manner in which close corporations are registered within the country. It would be very interesting to get a picture of how many such close corporations belong to foreigners or are registered in the names of Namibians as proxies,” the group proposed.

Similar News

 

Northern millionaires decry ‘foreign invasion’

2 days ago - 11 June 2021 | Local News

Mathias Haufiku WindhoekA group of businessmen from the north, some who have for years...

Census 2021 called off over lack of money

2 days ago - 11 June 2021 | Local News

OGONE TLHAGE and JEMIMA BEUKES WINDHOEKNamibia will not be able to conduct the 2021 national census because it does not have the...

We are taking the farms - KK

2 days ago - 11 June 2021 | Local News

JEMIMA BEUKES WINDHOEKFormer Cabinet minister Kazenambo Kazenambo said descendants of the Nama and Ovaherero victims of the 1904-08 genocide by Germany...

NWR’s snake handler aims to be the best

2 days ago - 11 June 2021 | Local News

STAFF REPORTER WINDHOEKThe mere mention of the word snake sends chills up some...

No strings attached to IMF loan – Shiimi

2 days ago - 11 June 2021 | Local News

JO-MARÉ DUDDY WINDHOEKThe around N$3.9 billion government borrowed from the International Monetary Fund...

Genocide money given on voluntary basis - Germany

3 days ago - 10 June 2021 | Local News

AFPGermany yesterday rejected calls for reparations from Namibians over colonial-era killings that Berlin has recognised as genocide, saying the 1.1 billion-euro financial aid it was...

Swapo sucked into genocide saga

3 days ago - 10 June 2021 | Local News

Mathias Haufiku WINDHOEKPrime Minister Saara Kuugongelwa-Amadhila has defended the ruling party, saying it played no part in the controversial genocide agreement signed...

Investment boom on Divundu’s horizon

3 days ago - 10 June 2021 | Local News

KENYA KAMBOWERUNDUThe Divundu village council says it sees nothing wrong with its decision to allow businesses to build in the area despite not having the...

Oshipotha shedhipago sha kuthwamo manga

3 days ago - 10 June 2021 | Local News

TUYEIMO HAIDULA OSHAKATIOmulumentu ngoka ta tamanekelwa oshipotha shedhipago lyomukadhona gwe momvula yo 2019 okwa mangululwa modholongo konima sho epangelo lya ndopa...

Omuprima a popile etsokumwe lyaNamibia naGermany

3 days ago - 10 June 2021 | Local News

OMUTOOLINKUNDANA GWOMENI Ø Oonakugumwa aniwa ya patelwa pondje OVENDUKAOmuprima okwa popi ngaaka momutumba gwopashigwana moka a lombwele iilyo yimwepo...

Latest News

Minimum wage discussions continue at...

2 days ago - 11 June 2021 | Economics

The newly established Wage Commission is in Rundu to investigate the possibility of introducing a national minimum wage in the country.At a meeting held at...

Career partnerships – mentor, coach,...

2 days ago - 11 June 2021 | Columns

Chaze NalisaA few weeks ago, I shared an article titled ‘Network is a Currency’. In today’s piece, I would like to draw attention to network...

Aiming to make a positive...

2 days ago - 11 June 2021 | People

Enzo AmueleBeatus Amadhila was recently appointed Powercom’s new chief executive officer, with effect from the start of June.“While I had to hit the ground running,...

2021’s breakout star

2 days ago - 11 June 2021 | Art and Entertainment

WINDHOEKMICHAEL KAYUNDEWith a track record that could impress anyone willing to pay attention, elia da vincii continues to develop himself on all levels. The song...

SA's rooibos tea on EU...

2 days ago - 11 June 2021 | Business

Like champagne, roquefort and Kalamata olives, South Africa's world-famous rooibos tea has been added to a European Union (EU) list of protected agricultural products and...

Capricorn Group gives women’s cricket...

2 days ago - 11 June 2021 | Sports

Staff Reporter Capricorn Group and its subsidiary Capricorn Asset Management, and Capricorn Private Wealth, sent off the Namibian national women’s cricket team – The Eagles...

Group sales manager shares his...

2 days ago - 11 June 2021 | People

Staff Reporter Ian Grassow is a proud Namibian, born in Walvis Bay, and is currently in the Group Sales division of Paratus Namibia.Ian has been...

When challenges become accomplishments

2 days ago - 11 June 2021 | People

Wetumwene Shikage Simone Mouton is a senior consultant at Alexander Forbes (AF) Financial Services She was born in a small village in the...

EDITORIAL: Mitigate Covid with productive...

2 days ago - 11 June 2021 | Opinion

We are reliably informed that plans are afoot to tighten Covid-19 regulations in the coming days, as the country undergoes its most deadly spell of...

Load More