Red Tape Costs Namibia Major Shipyard Project

Economists have long warned about structural inefficiencies and delays which hamper investment. Now President Netumbo Nandi-Ndaitwah has confirmed that Namibia lost the proposed N$13 billion shipyard project by Tridock Shipyard Namibia entirely due to prolonged administrative drag, red tape, and systemic delays within government processes. The investors behind the N$13 billion shipyard spent four years trying to move the development forward in Namibia. Throughout those four years, the proponents faced stagnant government approvals, bureaucratic hurdles, and administrative bottlenecks that stalled any physical progress. They eventually withdrew, abandoning the project which would have created up to 1 000 direct jobs alongside numerous downstream and indirect employment opportunities.

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