Black business association backs Neeeb


THE Black Business Leadership Network of Namibia (BBLNN) has thrown its weight behind the new equitable economic empowerment bill (Neeeb).

Chairperson of the BBLNN Eliphas Simon on Friday said there is a need for the financial sector to be lenient and desist from repossessing properties from defaulters.

Simon said they are also keen to contribute to economic blueprints, including the National Development Plan 4 and 5, the first and second Harambee Prosperity Plans, Vision 2030, and the Namibia investment promotion bill of 2020.

“The aim is to uplift previously disadvantaged Namibians who have the vision and ability to engage in business to change oppressive outdated public and private financial policies that are not cognisant of the ever-changing local and global financial and economic dynamics and trends, as well as oppressive policies,” Simon said.

He said there is a need to mobilise, educate and sensitise black entrepreneurs to play an active and meaningful role in the economy.

“In order to help fight for the dignity of the current entrepreneurs, who are at times treated with hostility, arrogance, brutality, torment, torture, unfairness, and humiliation. We need to deal with unreasonable foreclosures and the repossession of properties as if we are not Africans who had always been guided by the spirit of ubuntu,” he said.

“We are keen to help create a conducive environment, which will enable the future entrepreneur to do business, and contribute massively and positively to building the Namibian economy,” he said.

Meanwhile, the association’s president, Irene Simeon-Kurtz, also questioned the reason behind the repossession of property by banks, despite the Bank of Namibia calling for caution on defaulters.

“But banks are still repossessing and auctioning properties without taking the directive from the Bank of Namibia into consideration. Various small and medium enterprises, businesses and entrepreneurs are suffering and are now reduced to mere traders,” she said.

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