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Namibia Industrial Development Agency Act, 2016 (No. 16 of 2016).

Country/Territory
Namibia
Document type
Legislation
Date
2016
Source
FAO, FAOLEX
Original source
Government Gazette of The Republic of Namibia, No. No. 6202 of 21 December 2016.
Long title
An Act to provide for the establishment of the Namibia Industrial Development Agency; to define the objects and the powers, duties and functions of the said Agency; and to provide for matters incidental thereto.
Subject
Agricultural & rural development
Keyword
Agricultural development Institution Capacity building Research Public private partnership (PPP)
Geographical area
Africa, South Atlantic, Southern Africa
Abstract

This Act provides for the establishment of the Namibia Industrial Development Agency Act as a body corporate, defines its functions and powers and provides with respect to its administration and operation. The objects of the Agency include, among other things: (a) executing, monitoring, reviewing and updating of industrial policies implementation, strategic framework and sector growth strategies; (b) acting as agent in making equity investments on behalf of the Namibian Government and its institutions; (c) entering public private partnerships for fostering economic transformation; (d) taking such measures as are necessary to enable the Agency to exercise effective control over its interest in enterprises in which it has invested; (e) facilitating, developing, coordinating and fostering partnerships across all spheres of government, the private sector and relevant stake-holders that may assist the Agency to achieve its objectives; (f) with the consent of the Minister, developing methods and programmes to provide adequate funding for continuous sustainable promotional operations and manage and maintain a publicity programme promoting Namibia in relation to export-driven industrial growth; (g) performing and assisting in the execution of other tasks that the Minister assigns to the Agency. The Agency may, in consultation with the Minister and the Minister responsible for agriculture, enter into contracts and perform acts for agricultural development.

Full text
English
Website
www.parliament.gov.na

References - Legislation

Amends

Development Bank of Namibia Act, 2002 (No. 8 of 2002).

Legislation | Namibia | 2002

Keyword: Agricultural development, Institution, Special fund

Source: FAO, FAOLEX

Repeals

Development Brigade Corporation Act, 1992 (No. 32 of 1992).

Legislation | Namibia | 1993

Keyword: Agricultural development, Institution, Capacity building, Research

Source: FAO, FAOLEX