The aquaculture policy stipulates that preference is to be given to Namibian citizens and to ventures beneficially controlled by Namibian citizens to benefit from the utilization of Namibia’s natural resources for aquaculture development. For the purposes of the OECD FDI RR Index, it is assumed that this takes place during the lincensing process by the Minister since no discrimination to foreign ownership is explicitly stipualted in the legislation.
"2 GENERAL PRINCIPLES
2.1 Principles
Namibia is committed to observing the principle of optimum sustainable yield in the exploitation of living natural resources and ecosystems. The Government therefore has an obligation to promote and regulate responsible and sustainable development and management of aquaculture within national water bodies of all types, both natural and artificial
1. Both marine and fresh water aquaculture is to be governed by the same basic management principles.[...]
3. Preference is to be given to Namibian citizens and to ventures beneficially controlled by Namibian citizens to benefit from the utilization of Namibia’s natural resources for aquaculture development. [...]" (NAMIBIA’S AQUACULTURE POLICY, 2001)
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"PART II - AQUACULTURE POLICY
Minister determines policy
2. (1) The Minister must from time to time, taking into account relevant economic, social and environmental factors and on the basis of the best scientific information available and in consultation with the advisory council, formulate the general policy with regard to aquaculture in Namibia with a view to -
(a) the promotion of sustainable aquaculture; (b) the management, protection and conservation of marine and inland aquatic ecosystems;
[...]
PART III
AQUACULTURE LICENCES
Aquaculture to be conducted only with a licence
11. A person may not engage in aquaculture –
(a) without a licence issued by the Minister in terms of section 13; or
(b) contrary to any condition which may be imposed by the Minister in terms of section 14(4).
Application for aquaculture licence
12. (1) An application for a licence must be made to the Minister in the prescribed manner and form and be accompanied by such documents and information as the Minister may require.[...]
(3) When considering an application submitted under subsection (1) the Minister may have regard to – 
(a) the technical and financial ability of the applicant to exercise the rights sought in the application in a satisfactory manner; [...]
(c) any other matters applicable to the licence that, in the opinion of the Minster, are relevant.[...]" (AQUACULTURE ACT No.18, 2002)
NAMIBIA’S AQUACULTURE POLICY, 2001
AQUACULTURE ACT No.18, 2002
[<a href="https://mfmr.gov.na/documents/411764/436209/Aquaculture+Policy%2C+March+2001.pdf/c59fae1d-293d-44b7-702c-9ca5de9e0d85">Pol</a>]