Schlettwein said this during the Invest in Namibia conference that ended in Windhoek Wednesday.
Apart from the challenges in raising enough funds for infrastructure development, Schlettwein said Namibia is a net exporter of capital, due to high institutional investment savings.
The economy, he said, experiences savings-investment gap, exacerbated by capital flight.
Currently, the minister said, domestic asset requirements prescribe that 35 percent of total assets should be invested locally and about 1.75 percent can be invested in unlisted assets.
“The 35 percent threshold is now being lifted gradually to about 45-50 percent. This is expected to release about 9.47 billion Namibia dollars in the economy annually over the next four years,” he added. Enditem
Source: Xinhua/NewsGhana.com.gh
