The Namibia Investment Promotion and Development Board (NIPDB) has won the WAIPA Investment Excellence Award for its creative investment promotion efforts.

Vice President Lucia Witbooi has said poor infrastructure and complex travel logistics remain key barriers to intra-African trade. 

Witbooi addressed a session titled 'Discover Namibia' at the Intra-Africa Trade Fair underway in Algiers City, Algeria.

President Netumbo Nandi-Ndaitwah emphasized the need for a balanced partnership between the government and the private sector to foster a mixed economy and drive national development, particularly in job creation.

The Namibia Local Businesses Association, NALOBA, has urged for speedy enactment of the Investment Promotion and Facilitation Bill.

NALOBA says the bill remains critical to the survival of local businesses that have been struggling to stay afloat since the COVID-19 pandemic.