ANNOUNCEMENT 05 Nov 2010

In November 2010, the government of Namibia announced changed rules for foreign investors.

NUMBER OF INTERVENTIONS

1

  • 0 harmful
  • 0 neutral
  • 1 liberalising

SOURCE



Banking Institutions Amendment Act No. 14 of 2010 (in English), http://www.parliament.gov.na/acts_documents/272_banking_institutions_amendment__act_14_of_2010.pdf
UNCTAD report (in English), http://unctad.org/en/Docs/webdiaeia20112_en.pdf

List of banks:
http://www.reuters.com/article/2010/11/15/ozatp-namibia-banks-idAFJOE6AE06K20101115


Inception date: 05 Nov 2010 | Removal date: open ended

FDI: Entry and ownership rule

On 5 November 2010, the parliament of Namibia adopted the Banking Institutions Amendment Act No. 14 of 2010 authorising foreign banking institutions to establish branches in the country.
 
The Amendment in Section 19A(Act 14 of 2010) allowes for the entry of :
An institution which has been incorporated in a country other than Namibia and which lawfully conducts in such other country a business similar to banking business (hereinafter referred to as the foreign institution)

AFFECTED SECTORS

 
N/A

AFFECTED PRODUCTS

 
N/A