Namibia Bans Chinese Investment in Beauty Salons – China Business

www.businessweek.com — Namibia will ban foreign investment in small and medium-sized public-transport businesses and in hair and beauty salons because of increased Chinese involvement in the industries. The government will enforce legislation and make foreign investors obtain permits to invest in any form of retailing, Trade and Industry Minister Hage Geingob said in an e-mailed statement today in the capital, Windhoek. The move comes amid concern that foreigners are dominating small-scale business in the country, he said.

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Submitted by JingDaily

1 year 50 weeks ago

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africa
China

1 Comments

jaycasey 1 year 50 weeks ago

Beauty salons? How ingenious! What better way for the PLA to spy on a country with low Internet penetration. Everything gets discussed in hair salons. It also explains why everyone in Africa now sport Hu Jintao hairdos.

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