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Article 16(1) of the Constitution of Namibia protects the right of all persons to acquire, own and dispose of all forms of immovable and movable property, but grants the Parliament of Namibia the authority to regulate or prohibit the right of non-citizens to acquire property. [1]
There are a few investment opportunities, but if you're doing so through a real estate purchase, the minimum cost requirement varies by region: Buying a property in the north or northeast of the ...
Map of Namibia. Land reform is an important political and economic topic in Namibia. It consists of two different strategies: resettlement, and transfer of commercially viable agricultural land. Resettlement is aimed at improving the lives of displaced or dispossessed previously disadvantaged Namibians.
Village councils are elected locally and have the authority to set up facilities like water, sewerage and cemeteries without the approval of the Minister of Urban and Rural Development. They may also declare streets and public places, collect fees for the services they provide, and buy immovable property without asking for explicit approval.
The economy of Namibia has a modern market sector, which produces most of the country's wealth, and a traditional subsistence sector. Although the majority of the population engages in subsistence agriculture and herding, Namibia has more than 200,000 skilled workers and a considerable number of well-trained professionals and managerials.
As of 2015 Namibia has thirteen cities, each of them governed by a municipality council that has between 7 and 15 seats. Compared to towns, cities have the authority to set up facilities like public transport, housing schemes, museums, and libraries without the approval of the Minister of Urban and Rural Development.
The banking sector in Namibia is highly developed with modern infrastructure, such as online banking, cellphone banking etc. The Bank of Namibia (BoN) is the central bank of Namibia, according to the Namibian Constitution, is to "serve as the State’s principal instrument to control the money supply, the currency and the institutions of finance, and to perform all other functions ordinarily ...
Namibia (/ n ə ˈ m ɪ b i ə / ⓘ, / n æ ˈ-/), [15] [16] officially the Republic of Namibia, is a country in Southern Africa.Its western border is the Atlantic Ocean.It shares land borders with Angola and Zambia to the north, Botswana to the east and South Africa to the east and south.