Investment Policy Measures

10 results
Namibia

Namibia

28 Feb 2024

Reduces corporate taxes and introduces new fiscal incentives

On 28 February 2024, Namibia released its Budget for the 2024/25 fiscal year, which includes significant changes to the corporate tax structure. The non-mining corporate tax rate will be lowered to 31 per cent from 1 January 2024, [...]

Namibia

Namibia

23 Aug 2022

Adopts a national policy on special economic zones

On 23 August 2022, Namibia adopted a Special Economic Zone Policy (SEZ Policy). The Policy includes a provision for both fiscal and non-fiscal investment incentives for various investment categories such as exporters and manufacturers. [...]

Namibia

Namibia

01 Apr 2021

15% stake in new mines reserved for Namibians

From 1 April 2021, all applications for a mining licence in Namibia must have 15% local owners. According to the Ministry all “applications by Namibian nationals for the transfer, cessation and assignment of mineral licences to foreign [...]

Namibia

Namibia

22 Jun 2020

Law to remove tax incentives for manufacturers passed

An amendment to section 5A of the Income Tax Act, adopted on 22 June 2020, scrapped benefits granted to manufacturers, including a reduced tax rate of 18%, as well as other tax incentives. Manufacturers were also given a 10-year capital [...]

Namibia

Namibia

20 Jun 2020

Repeal of various tax incentives for manufacturing

Through amendments to the Income Tax Act published on 8 June 2020, the Government repealed various tax incentives previously granted to manufacturers, EPZs entities, and for goods manufactured in the EPZs, including the special tax [...]

Namibia

Namibia

23 May 2019

Government orders official bodies to buy local

On 23 May 2019, the Finance Minister issued a Procurement Directive on the reservation of procurement of goods, services and works to local suppliers in terms of Section 73 of the Public Procurement Act. The Directive bans all public [...]

Namibia

Namibia

26 Oct 2018

Scraping of black ownership rules for mining exploration licences

Namibia scrapped in October 2018 a requirement for companies seeking mining exploration licences to be partly owned and managed by black Namibians. The policy was introduced in 2015 to increase the participation of historically disadvantaged [...]

Namibia

Namibia

14 Jul 2017

Promulgation of Public Private Partnership Act, 2017

The Public Private Partnership (PPP) Act 2017, which came into operation on 14 July 2017, provides a legal framework for PPP projects; establishes the PPP Committee; regulates PPP projects through the stages of initiation, preparation, [...]

Namibia

Namibia

16 Aug 2016

Investment Act approved

The new Investment Act was signed by the President on 16 August 2016. The Act provides for the reservation of certain business activities such as hairdressing, street vending, retail, take-away businesses and beauty salons for Namibians. [...]

Namibia

Namibia

01 Nov 2010

Adopts Banking Institutions Amendment Act

In November 2010 Namibia amended its Banking Institutions Act of 1998 to, inter alia, regulate investment by "controlling companies" and the restructuring within groups of companies. It also authorises foreign banking institutions [...]

Number of policy measures per economy (since 01 Jan 2010) 1 95