Namibia will issue visas on arrival starting in April to attract investors, enhancing sectors like renewable energy and tourism. This strategy aims to position Namibia as a leader in green hydrogen production and create a competitive edge over peers with stricter visa policies.
Namibia, a mineral-rich nation in southern Africa, will begin issuing visas on arrival starting in April to attract foreign investors. This initiative aims to bolster key sectors such as renewable energy, oil and gas, and tourism, according to remarks made by Uaandja. Notably, Namibia is positioning itself as a front-runner in green hydrogen production, which involves generating hydrogen by splitting water using electricity sourced from renewable energy plants.
The new visa policy is aligned with international best practices for investment-friendly economies and is expected to enhance Namibia’s competitive stance compared to regional counterparts with stricter visa requirements. This strategic move reflects Namibia’s commitment to economic diversification and resource development, particularly in its oil and gas sectors.
In comparison, South Africa has recently undertaken significant reforms to its work permit regulations to attract professionals and stimulate its tourism industry. The nation has also simplified its visa process for visitors from populous nations like India and China, aiming to elevate tourist influx by reducing bureaucratic hurdles.
In summary, Namibia’s decision to issue visas on arrival is a strategic initiative aimed at attracting investment in key sectors such as renewable energy, oil and gas, and tourism. This move not only aligns with global best practices but also positions Namibia as a competitive player in the regional market. Similarly, South Africa’s recent visa reforms reflect a broader trend in the region focused on attracting talent and boosting tourism.
Original Source: m.economictimes.com
