Bloomberg | 9 July 2015

by Chamwe Kaira

Namibian President Hage Geingob (middle)

The Namibian government plans to pass a new land law that will ban foreigners from owning agricultural land, the country’s cabinet said. In a situation where land owned by foreigners cannot be bought by the government, such land will have to be offered to Namibians, according to an e-mailed report by President Hage Geingob’s cabinet. “In the absence of a Namibian buyer, such land should be offered back to the state,” it said. Foreigners will only be allowed to lease urban land and not buy it, the report said. – See more at: http://farmlandgrab.org/post/view/25114-namibia-plans-to-ban-foreigners-from-owning-agricultural-land#sthash.WezPdGye.dpuf