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Analysis of the latest version of the National Equitable Economic Empowerment Bill (NEEEB)
The overall response to the latest version of the National Equitable Economic Empowerment Bill (NEEEB) remain adverse and, since its release, Namibia’s media have made several reports on the drastic and far-reaching consequences should it be passed.
Analysis of the latest version of the National Equitable Economic Empowerment Bill (NEEEB)
At the center of the bill, shrouded in uncertainty, is power; the power to state authorities to withhold licenses, permits and authorizations for economic activities, irrespective of whether private entities do business with government or not.
An analysis of NEEEB by the Economic Policy Research Association (EPRA) forms the base of most discussions and it was reported that said document will be reviewed by president Hage Geingob as well as all ministers.
According to EPRA, the scope of the potential interference of NEEB is “so dramatic that the legislation is all but a full-scale ‘business grab’ by government”.
“All in all, the effect of NEEB is the enslaving of the private sector at the unrestrained discretion of government” EPRA says.
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