The original article can be found here.
Article highlights:
- Namibian President Hage Geingob appointed an 11-member Business Rescue Task Force to review business and insolvency legislation with the aim of rescuing businesses in financial distress;
- Namibia is in the midst of a deadly third wave of infections that is threatening to take more businesses under;
- It will also recommend policy options, approaches and amendments to specific laws and regulations required to strengthen entrepreneurship;
- Debt-laden Air Namibia, which had been struggling even before COVID-19, was placed into voluntary liquidation this year.
