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allafrica - 24 days ago

Namibia: Pro-Business Policies Critical for Domestic Economy Revival - Team Namibia

[New Era] An extremely disappointing speculative BB Fitch rating and an economy on the edge of an abyss have prompted Team Namibia to call for a drastic improvement on Namibia s appeal to domestic and foreign investors. However, the recently gazetted amendments of the Income Tax Act (No 7249) have repealed the current manufacturing incentives and is phasing out the Economic Processing Zone (EPZ) by 28 February 2021.


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