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Niël Terblanché Namibia is currently navigating a path of economic recovery by focusing on preserving macroeconomic stability, advancing structural reforms, and protecting its most vulnerable citizens which is crucial for fostering private sector-led inclusive growth. This approach is also seen as key to reducing the persistent challenges of unemployment and inequality in the country. In a recent assessment by the International Monetary Fund (IMF) during its 2023 Article IV Consultation, Namibia has shown remarkable resilience against global economic shocks. According to the IMF’s findings, the country has effectively managed the adverse effects of the COVID-19 pandemic and the ongoing geopolitical…

Niël Terblanché Namibia’s challenges in accessing global capital markets, exacerbated by factors such as exchange rate and market volatility came under scrutiny at the Human Rights 75 high-level event in Switzerland. The country’s classification as an upper-middle-income country is limiting its access to developmental assistance because of stringent loan conditions that are not centred on human rights. Dr Saara Kuugongelwa-Amadhila, the Prime Minister of Namibia, while chairing the third roundtable discussion at the event marking the 75th anniversary of the Universal Declaration of Human Rights (UDHR) in Geneva said that there is an urgent need to address global inequalities and…

Niël Terblanché Namibia, with over 80 percent of its land area consisting of desert or semi-desert regions, has long struggled with extreme and protracted drought periods, leading to severe water supply challenges across the country, particularly in the central parts of Namibia. These challenges necessitate precise demand management, responsible management and recycling of existing water resources, and the urgent development of new sources. The Namibian government, in its ongoing efforts to mitigate water scarcity in especially the central parts of the country, has secured a substantial financial boost from the German government. In this regard, an agreement was signed between…