The Business and Intellectual Property Authority (BIPA) is seeking input from stakeholders on the country's decades-old Corporate Laws.

The Chief Executive Officer of the Business and Intellectual Property Authority (BIPA) says the Namibian Intellectual Property Rights Laws are outdated and not fit for purpose.

The Namibia Revenue Agency (NamRA) confiscated goods worth more than N$5 billion between 2004 and 2020.

The week-long international roundtable on the review and modernization of Namibia's outdated corporate laws is underway in Windhoek.

The review is aimed at encouraging investment and innovation through the adoption of an effective and predictable regulatory business environment.

The Business and Intellectual Property Authority has expressed concern over a low turnout of business registrations. 

The authority says it has observed a 7.3 percent decline in the registrations of businesses.

Despite the introduction of the credit guarantee scheme for small and medium enterprises, SMEs, the Namibia Chamber of Commerce and Industry (NCCI) feels more can be done to relax collateral and security requirements against loans.