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Agriculture

After Cote d’Ivoire, Namibia moves to ban land access to foreign nationals

Tuesday, 15 November 2016 04:00

(Ecofin Agency) - Falling into the steps of Ivory Coast, Namibia has decided to deny foreign nationals access to its lands. The government has proposed last Thursday in parliament a law in the Land Bill of 2016 to ban foreign land ownership.

The bill, if adopted, should help secure the agricultural lands of the country. According to estimates from the Land Minister, Utoni Nujoma, out of 12,000 farms spread across 40 million hectares (ha), 281 farms are presently owned by foreign nationals, that is 1.3 million hectares. An alarming situation indeed.

The new law, though likely to pass, it should be recalled that a similar initiative on urban land was rejected by the parliamentary in 2015. However, to palliate to this, the government introduced in the new bill several restrictions to make leasing of urban land for foreign nationals extremely hard.

Souha Touré

 
Finance


 
Mining


 
Telecom


 
Public Management


ECOFIN AGENCY offers a selection of articles translated from AGENCE ECOFIN. Founded in 2011, Agence Ecofin is a leader in Francophone Pan-African economic news, particularly in West and Central Africa. The agency publishes daily news on nine African economic sectors: Public Management, Finance, ICT, Agribusiness, Energy, Mining, Transport & Logistics, Communication, and Training.

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