Exponential economic growth is urgently needed

Niël Terblanché Drastic steps will have to be taken to exponentially boost the natural growth of Namibia’s economy because the current trend will not be sufficient to address the country’s ambitions to ultimately improve the standard of living of its citizens. The Director General of the National Planning Commission, Obeth Kandjoze, said that recurring droughts, a global collapse of commodity prices, dwindling foreign direct investments as well as the Covid-19 pandemic has had lasting as well as devastating consequences on Namibia’s economy. “These factors impacted our small open economy severely and consequently put further restraints on our public and private…