Cabinet has directed the Cabinet Committee on Legislation to expedite the finalization of the Namibia Investment Promotion Bill, the Data Protection Bill, and the Special Economic Zone Bill.

This follows the Cabinet's recognition of bottlenecks to investment due to policy, process, and project issues.

The Ministry of Industrialization and Trade (MIT) has signed an agreement with Team Namibia to promote common goals such as industrialization, trade, economic development, and entrepreneurship in Namibia.

The MOU is aimed at establishing a framework for cooperation and collaboration between the two.

Namibia has identified key sectors where women and youth have a competitive advantage, such as agriculture, aquaculture, cosmetics, and the textiles sector.

The Cosmetics and Essential oil sectors have advanced in terms of production domestically.