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Namibian President Hage Geingob to force white-owned businesses sell 25% stake to blacks

Namibian President Hage Geingob to force white-owned businesses sell 25% stake to blacks

President Hage Geingob has said Namibia will make it mandatory for white-owned businesses to sell a 25% stake to blacks, calling the country one of the most unequal in the world. A draft bill on the Namibia Economic Empowerment Framework (NEEF) was expected to be tabled before his cabinet soon, Geingob said in a speech […]

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