Erongo Governor Neville Andre says the Namibian government views foreign direct investment (FDI) as a key contributor to economic development.
Andre says the FDI legislation should ensure an enabling environment for foreign investors and Namibian firms, including international arbitration of disputes, the right to remit profits, and access to foreign exchange.
The Namibian government is concerned over the mushrooming of traditional authorities, leadership succession battles, and disputes amongst traditional authorities.
Vice President Nangolo Mbumba highlighted the concern when he opened the 24th Annual Meeting of the Council of Traditional Leaders on behalf of President Hage Geingob at Swakopmund.
The Government Institutions Pensions Fund (GIPF) and the Namibian government are to sign an agreement for a pension-backed home loan facility to enable members to buy houses.
The outgoing Chief Executive Officer, David Nuyoma, paid a courtesy call on President Hage Geingob at State House, who praised him for growing the Fund's portfolio.
nbc News asked him about the possibility of GIPF members using a certain percentage of their pension funds to secure housing, as had been the call by quarters of society.
