Namibia makes steady progress in dealing with inequality, poverty

 Namibia makes steady progress in dealing with inequality, poverty

Namibia makes steady progress on dealing with inequality, poverty.

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Windhoek-Namibia President Hage Geingob has said his country is make steady and decent progress in dealing with poverty and inequality among hr country populace with key focus on formulating policies and programmes that promote open participation in economic activities.

According to the World Bank Namibia is one of the most unequal countries with glaring income disparities between the rich and poor.

Speaking to other African and experts at a virtual African Revolution Forum Presidential Summit, Geingob said since independence more than 500,000 Namibians have been lifted out of severe poverty.  

He said during his administration’s first term in office, the Food Bank program was rolled out across all regions, reaching 42,081 Namibians while the Drought Relief Programme reached over 2.8 million Namibians cumulatively. 

“During this period, no Namibian was reported to have died from hunger despite the country enduring one of the worst droughts in recent history.

 According to the October 2020 Socio-Economic Impact Assessment of COVID-19 in Namibia, overall poverty is expected to increase by an estimated 4.2% as a result of loss of income.  We have thus responded by resolving to revise and convert the Food Bank and Special Feeding scheme for Marginalised Communities into a monthly cash transfer, as the first step to phase in a Conditional Basic Income Grant (BIG), “he said. 

 Geingob said, Namibia will promote and facilitate the infusion of private strategic investments into the agricultural sector. 

He said this ambition will contribute to the National goals of bolstering food security and self-sufficiency.  

“These schemes hold the potential to unlock the production of high-value crops, contribute to the export market demands; while creating thousands of jobs.

“Namibia is a small, open economy that is susceptible to independent intervening variables, including climate change and its disruptive consequences.  Namibia experiences recurrent droughts, of which the most recent have been recorded as the worst in history. Therefore, Namibia must craft climate-change-related solutions as it looks to holistically combat malnutrition and inequality, “Geingob said. 

The Namibian President added that,” To do so, Namibia has established a green economic recovery plan as has been envisioned in June 2021, by African Heads of State during the launch of the African Union Continental Green Recovery Action Plan. Our ambitious plans to develop a green and blue economy as articulated under the economic advancement pillar of our Harambee Prosperity Plan II is hinged on our ability to work with global and continental partners to capture our world class renewable energy resource and utilize it to produce green hydrogen. The emissions free hydrogen will be converted into ammonia, which is a key building block for various fertilizer products.”

President Geingob said locally produced zero emissions fertilizer can be used to provide a fertile opportunity for local and regional sustainable economic development and will meaningfully contribute to a global effort to decarbonize our economies while augmenting Africa’s ambitions to attain zero hunger. 

He said the new clean synthetic fuels industry has the potential to double GDP, create employment for thousands of Namibians and importantly contribute to a cleaner and more sustainable home for our children and our children’s children. 

“Environment, hunger and equity are indeed intricately linked, and must be tackled concurrently,” Geingob said.

Tiri Masawi

is a Business Journalist and Editor for 14 years. He is currently working in Namibia and has written for several Namibian, Zimbabwean, and South African newspapers. He also works as a fixer for BBC in Namibia. He has a firm interest in reading as well as mentoring young journalists in the craft.

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