More articles in this category
Top Stories

A Namibia University of Science and Technology (NUST) student, Nayman Amakali, was killed on the spot when a taxi he was in was shot at by an unid...

Agribank chief executive officer, Sakaria Nghikembua, has refused to bow down to pressure from previously disadvantaged farmers who marched to the...

The local economy has been growing at a considerably good pace with an average rate of 4.48% reaching an all time high of 21% in the third quarter...

  As the nation prepares to celebrate the 28th year of Independence, Vibe took to the streets to speak to local entertainers on what Independe...

Swift action has been taken to bring under control the flooding situation observed at the Tsumeb Sports Field where the 28th independence celebrat...

The local ready-made-food products manufacturing industry is having sleepless nights over the panic that has been caused by the outbreak of Lister...

Other Articles from The Villager

We cannot rely on others to create growth for Namibia

by Bryan Mandy

Given the current state of the global and regional economies it is increasingly becoming apparent that we need to make our own future with a clear understanding of the opportunities and risks facing the Namibian economy in 2018 and beyond. 

The key principle for successful growth is for Government and the private sector to partner as a collective grounded on economic growth geared towards public interest considerations, value for money, quality and price considerations, transparency and accountability, affordability and tangible results.

We cannot rely on others to create growth for Namibia. We need to create an environment that is conducive for trust and confidence in our country to eradicate poverty and eliminate inequality. 

Both the Government and the private sector need to work hand in hand to increase the effectiveness and efficiency of the public sector and foster an environment that is ripe for investment, development and employment opportunities.

When launching NDP5 in May 2017, the then Honourable Minister of Economic Planning, Mr Tom Alweendo noted that "it goes without saying that we are currently experiencing tough economic times. While the economic challenges we face cannot be underplayed, they are also not insurmountable." 

In his New Year’s message, Honourable Finance Minister, Calle Schlettwein noted that “2017 was a tough year but we can say that we have faced the challenges and reacted with interventions that now allow us to look forward with optimism to 2018.”

The imminent National Budget Speech informs the broader public about plans afoot to arrest the economic challenges we face, set the scene for 2018 and serves to reduce anxiety regarding economic growth in 2018. In short, a budget “is telling your money where to go instead of wondering where it went”.

So, let’s wait and see what the key economic drivers will be going forward and let’s continue forging partnerships for the economic prosperity of our national economy. Doing it for ourselves means a stronger bond between Government and the private sector to make our Namibian house a home for everyone. At Standard Bank we have a clear purpose – Namibia is our home and we drive her growth.

Having said that, it is important that we all see the purpose behind the upcoming national budget and engage with the Government on all levels so as to achieve a legacy of equality and shared growth for all of our children.

This opinion piece is written and compiled by Standard Bank’s Chief Financial Officer Bryan Mandy