Namibia plans to introduce a visa-on-arrival policy in April to attract foreign investment, particularly in renewable energy, oil and gas, and tourism. This strategic adaptation aims to align Namibia with international standards for investment opportunities, enhancing its competitive edge over regional peers. Concurrently, South Africa has also revised its visa policies to draw in skilled professionals and promote tourism.
Namibia, a mineral-rich nation in southern Africa, is set to implement a visa-on-arrival policy starting in April to attract foreign investors. This initiative is expected to enhance pivotal sectors such as renewable energy, oil and gas, and tourism. Uaandja indicated that this move positions the country as a competitive player in the production of green hydrogen, aligning with global best practices for investment-friendly economies.
The introduction of visa-on-arrival is anticipated to provide Namibia with a significant advantage over its regional counterparts, many of which maintain stricter visa regulations, thereby making it an attractive destination for investment. Furthermore, this policy aims to boost Namibia’s ambitions to develop its vast oil and gas resources, along with renewable energy projects that utilize green hydrogen technology.
In contrast, South Africa has also introduced modifications to its work permit regulations to lure skilled professionals and expand its tourism industry. The South African government has relaxed visa requirements for travelers from India and China, targeting tourists from the world’s most populous countries and aiming to simplify access for visitors who have previously encountered cumbersome processes.
In summary, Namibia’s forthcoming implementation of visa-on-arrival is poised to significantly enhance its investment landscape and economic sectors, particularly in renewable energy, oil and gas, and tourism. By adopting more flexible visa policies, Namibia seeks not only to attract investments but also to establish itself as a leader in sustainable energy production. This strategic shift reflects a broader trend in southern Africa towards more accessible entry for investors and tourists alike.
Original Source: m.economictimes.com
