President Nandi-Ndaitwah warns of mandatory community investment for investors
via The Namibian2 min read
President Netumbo Nandi-Ndaitwah indicated that the government might introduce legislation to compel investors to contribute to community development if they do not do so voluntarily. Speaking at the inauguration of the Netumbo Nandi-Ndaitwah Science Exhibition Hall at R枚ssing Uranium Ondangwa Centre, she urged investors to build clinics, roads, and sports facilities as part of their corporate social responsibility. The President emphasized the importance of tangible contributions to communities where investments are made, highlighting Namibia's unemployment challenges and the need to invest in young people. She questioned why a law would be necessary to ensure such contributions, stating, "If you want, I will make it." Nandi-Ndaitwah encouraged existing corporate social responsibility efforts and commended R枚ssing Uranium Limited for its N$37.1 million investment in the Ondangwa Centre. She stressed that peace and stability in the country depend on all citizens benefiting from economic development. Economist Omu Kakujaha-Matundu commented that while the proposal is not inherently bad, investors are primarily driven by profit and might seek loopholes in such legislation.
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This summary was AI-generated from a story originally published by The Namibian.
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