Namibia Scraps Plan to Force White-Owned Businesses to Sell 25% Stake to Blacks

Namibia Scraps Plan to Force White-Owned Businesses to Sell 25% Stake to Blacks Namibia has scrapped a clause in its economic empowerment framework that would have forced white businesses to sell a 25% stake to previously disadvantaged blacks, President Hage Geingob said on Wednesday. Making the announcement during his state of the nation address, Geingob said a revised…