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The Namibia Development Corporation (NDC) was established under the Namibia Development Corporation Act, Act 18 of 1993. The Government of the Republic of Namibia has a 100% shareholding in the NDC, but the Corporation is controlled by an autonomous Board of Directors. The Board consists of 12 (twelve) members; 7 (seven) who are elected from the private sector and 5 (five) of whom represent the Government.
