Businesses concerned at red tape in local authorities

Businesses concerned at red tape in local authorities

A group of business people have expressed unconditional support to President Hage Geingob and government's initiatives to steer the economy towards recovery.
Through various legislation, government has extended a hand to the private businesses to increase their participation and contribution to the economy.
Business people from different regions led by Shipanga Holdings Executive Director, Martin Kaali Shipanga engaged President Geingob and trade cluster ministers and assured the President of their unwavering support to grow the economy.
They also commended government for the recent enactment of the Public-Private Partnership law but requested that a thorough engagement with business people be carried out, especially on opportunities available for local businesses.
The time it takes for start-ups and the bureaucratic red tape of local authority regulations are also a concerns that business people expressed.
Another is the support and protection of locally produced goods against cheap imports which are dump here and which have forced many small-scale businesses to close shop.
Shipanga said because the market is open, some of the retail chains which enter the market do so only for profit and not necessarily for the benefit of local people.
He added that it is commendable that Namibia remains an investment haven for foreign investors but the local manufacturing sector should be prioritised where foreign investors should come in.
He said this would enable local entrepreneurs to learn and gain skills.
President Geingob responded that government is aware of the concerns and welcomes the initiatives by business people.
Last year, foreign investment protection act was amended to investment act, which reserved certain sectors for local entrepreneurs.
But implementation is slow, along with the bureaucratic red tape in the registration of a business which is 66 days.
The business people were also briefed on measures government has taken in its fight against corruption in the public sector and the parties committed themselves to continue regular consultations.