Govt should strike balance with private sector - Namibian minister

Friday, July 15, 2016

Namibian President Hage Geingob officially opened the business forum

Government and the private sector have been implored to build a society based on equal opportunity and fair sharing of economic benefits. Namibian Minister of Industrialisation, Trade and SME Development, Emmanuel Ngatjizeko made the call during the Namibia-Botswana business forum held at the Gaborone International Convention Centre (GICC) on Tuesday.

He noted that the government, just like the business sector, has certain responsibilities and obligations to fulfill, adding that the government relies on businesses to invest and grow the economy that is able to generate taxes that the government needs to fund its budget.

On the other hand, he said businesses in turn depend on government to create the regulatory environment that is conducive to doing business.

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