Windhoek - Team Namibia has called for the private sector to fight for a conducive environment to grow Namibian business.
The organisation has the mandate to contribute towards "Growth at Home" and secure favourable market access for Namibian business to ultimately impact economic sustainability.
In a press statement this week, the organisation called for explicit regulation that protects the Namibian businesses from unfair competition in every sector of the economy. As much as it recognised the increasing political desire to liberalise markets in line with aspirations of regional, continental and global economic integration, it is of the opinion that liberalising Namibia's economy at the cost of local business will not free Namibia's business., but rather confines the country’s economy to foreign nations' grip.
The organization argued that appropriate and carefully considered industry protection was needed across all spectrums, including fishing, mining, construction and others that have to compete with unfair or unreasonable competition from outside.
"Acknowledging a subdued economic climate and a reputation tarnished by corruption scandals such as the Fishrot Files which have a direct impact on doing business and the economic well-being of local companies, Team Namibia is also adamant that decisive action must be taken to ensure a conducive environment to conduct business.
“Policy, regulatory and legislative aspirations must be clear to ensure that Namibia creates an investor friendly environment for both local and foreign investments," the organization said.
It added that the swift call for action was to bring the Namibian economy onto a path of sustainable growth in order to eradicate poverty and ensure prosperity for all.
"Team Namibia is here to fight for Namibian business. We need to ensure that our local business have better prospects. We need to have favourable conditions for all our businesses in all sectors of the economy,” said Barbel Kirchner, the organisation’s account director.
“We need an environment that is conducive to attract investment, whether this is creating a very clear policy environment or preventing corruption. As indeed the current environment affects all businesses in Namibia, we want as many businesses as possible to join us and be part of creating economic prosperity for our nation."
Founded in 2003, Team Namibia is a member based non-profit movement aimed at mobilising Namibian consumers to buy local as well as driving the promotion of the production of quality local products and services. The organisation's mission is to support Namibian businesses by inspiring competitive standards among members, stimulating consumer confidence in Namibian products and services, and positively impacting economic sustainability in line with Vision 2030 goals.