President Hage Geingob has assured potential investors that the repatriation of profits, loans, and investments is legal in Namibia. Geingob told potential investors during the Namibia Investment Summit held at the Grand Hyatt Hotel in Dubai on Wednesday that their profits, loans, and even their entire investment, are guaranteed. The Head of State said he was informed by the management team of the Namibia Investment Promotion and Development Board that potential investors were questioning whether their investments, including capital and machinery, would be safe if they decided to invest in a new market such as Namibia. They also wanted to know if they would be allowed to repatriate profits to their home countries. Geingob informed potential investors at the summit that Namibia is governed by laws and that its constitution is respected.
President Geingob has assured potential investors that the repatriation of profits, loans, and investments is legal in Namibia
by Angie Scholtz | Mar 24, 2022