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‘Namibia is in a better position than it was a year ago’- Geingob

‘Namibia is in a better position than it was a year ago’- Geingob

The President HE Dr Hage Geingob in his 2019 State of the Nation address in Parliament this week, said that Namibia is in a better position than it was a year ago

According to Geingob, this is primarily because underlying economic fundamentals have been strengthening adding that Namibia’s improved ranking as the 4th most competitive economy in Africa, is indicative that current regulatory reforms are taking shape.

Geingob said that the economy is emerging from a protracted technical recession, and is forecast to grow by 0.2% in 2019 and a further projected growth of 2.2% by 2020.

“Government has provided certainty on key policy areas, including land ownership by foreigners, the economic transformation framework and manufacturing incentives. Reforms to conduct a public service Bureaucratic Bottleneck Audit; business-registration-process re-engineering and the establishment of a labour productivity centre, will over time, improve efficiencies, build trust and boost overall investor confidence,” the president said.

Furthermore, Geingob stressed that national unity is an incremental prerequisite to peace, stability and economic development.

“Without unity, there is no nationhood, without nationhood there is no social cohesion and without social cohesion, there can be no possibility of shared economic wealth and prosperity. We must be patriots and the best way to demonstrate patriotism is by persevering in the face of adversity; hand in hand, step by step, one stride at a time, towards the attainment of our dreams and goals,” Geingob said.


 

About The Author

Donald Matthys

Donald Matthys has been part of the media fraternity since 2015. He has been working at the Namibia Economist for the past three years mainly covering business, tourism and agriculture. Donald occasionally refers to himself as a theatre maker and has staged two theatre plays so far. Follow him on twitter at @zuleitmatthys

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