Staff Reporter PRESIDENT Hage Geingob said that the government is in the process of amending Namibian legislation to allow for a certain percentage of mandatory government ownership in all mineral licenses. This decision, he explained, was inspired by public calls for greater participation in the ownership of Green Hydrogen and hydrocarbon ventures. The president made...
Namibia working on mandatory government ownership in all mineral licences – President Geingob – Business Express Skip to content Facebook Twitter LinkedIn Source link
The Business and Intellectual Property Authority {Bipa) has made amendments to the Companies Act and the Close Corporations Act. In a directive published on 24 July, Bipa said these changes concern collecting, storing, and using beneficial ownership information by Bipa. The amended laws will henceforth be referred to as the Companies Amendment Act of 2023...
Business Reporter IN line with efforts to avoid Namibia being greylisted by the Financial Action Task Force (FATF), Parliament this week issued new changes to the Close Corporations (CC) Amendment Act Bill, which will impose a fine not exceeding N$10 million and/or 10 years’ imprisonment for individuals/companies knowingly withholding information about the beneficial owners of...
Namibia possesses immense potential for socio-economic advancement through its mining industry. However, the current state of resource ownership and the subsequent exportation of profits and jobs are hindering the realisation of this potential. To address this issue, it is essential to conduct a comprehensive examination of existing legislation on resource ownership, review taxation policies, consider...