From April, Namibia will issue visas on arrival to attract foreign investment in renewable energy, oil, gas, and tourism. This strategy aims to position Namibia as a green hydrogen leader and create a competitive advantage over regional peers with stricter visa policies.

Namibia, a mineral-rich nation in southern Africa, will begin offering visas on arrival starting in April. This initiative aims to attract investment in key sectors such as renewable energy, oil and gas, and tourism. As reported by Bloomberg, Namibia seeks to establish itself as a leader in green hydrogen production, utilizing renewable energy to split water and generate hydrogen. Furthermore, the country plans to develop its oil and gas resources efficiently.

This visa policy aligns Namibia with global best practices associated with investment-friendly economies. It is anticipated that this move will provide Namibia a competitive edge over its regional counterparts, which have more stringent visa requirements. This change is expected to foster economic growth and encourage foreign investment in the country’s budding industries.

In conclusion, Namibia’s decision to issue visas on arrival is a strategic move aimed at boosting investment in vital sectors like renewable energy and tourism. By embracing more flexible visa policies, Namibia positions itself favorably against regional competitors, enhancing its attractiveness to foreign investors. Such initiatives may significantly contribute to the nation’s economic development and resource management.

Original Source: m.economictimes.com