Namibia plans to issue visas on arrival from April to attract investors, focusing on sectors like renewable energy and oil and gas. This aligns with international investment practices and aims to provide a competitive advantage. The country’s efforts complement wider regional strategies, including South Africa’s visa policy reforms to boost tourism and attract skilled professionals.
Namibia, recognized for its mineral wealth, will begin issuing visas on arrival from April as part of a strategy to attract foreign investment. This initiative aims to bolster vital sectors such as renewable energy, oil and gas, and tourism. By enhancing its visa policies, Namibia endeavors to align itself with global best practices for investment-friendly economies, thereby gaining a competitive edge over neighboring countries with more restrictive approaches.
According to a report by Bloomberg, Namibia is poised to become a leader in green hydrogen production. This process involves utilizing renewable energy to split water and generate clean hydrogen. Concurrently, the country is focused on advancing its oil and gas resources, further contributing to its economic development and diversification efforts.
Last year, South Africa similarly revamped its work permit regulations to attract more skilled professionals, aiming to strengthen its economy and tourism sector. The South African government also relaxed visa requirements for visitors from India and China, two of the world’s most populous nations, to mitigate existing barriers to tourism.
In summary, Namibia’s decision to implement visas on arrival represents a significant move to enhance its investment climate. By focusing on key industries such as renewable energy and oil and gas, the country seeks to establish itself as a competitive player in the region. This initiative, alongside changes made by South Africa, highlights ongoing efforts within southern Africa to attract foreign investment and promote economic growth.
Original Source: m.economictimes.com
