Namibia: Uncertain export regime threatens diamond jobs – Business

Uncertainty over the phasing out of Namibia’s export processing zone regime could trigger factory closures, raise production costs and threaten hundreds of jobs in diamond cutting and polishing.

This is according to Namibia Diamond Trading Company (NDTC) chief executive Brent Eiseb.

He says the possible lapse of the Export Processing Zone Act on 31 December, without a transition plan to a special economic zone framework, would weaken Namibia’s competitiveness against Botswana and…