Economic development lies in an effective leadership
Leadership is meant to transform society hence leaders need to be able to bring solutions to country’s problems said Minister of finance Saara Kuugongelwa-Amadhila.
The minister says this in her presentation on linkages between economic development and leadership at the national leadership conference held last week in the capital.
She further said economic development is not only in achieving GDP growth but has more to it.
“Economical development should be a transformation that allows the economy to grow and diminish poverty hence promoting financial inclusion,” she says.
She notes that in Namibia, leaders have managed to set good standards for strong economical development which should keep growing higher.
Kuugongelwa-Amadhila gave examples of leaders such as the first South African president Nelson Mandela and the Founding Father Dr Sam Nuyoma who brought change in their countries through good leadership.
She also points out at factors such as political disorder, instable inflation as some of the obstacles to development.
The leadership conference had gathered a number of countrywide leaders in various sectors who had come to share their expertise on how to enhance good leadership for better development.
Director of Tourism in the Ministry of Environment and Tourism, Sem Shikongo, notes that nowadays economical development is not centred in one country but that we have become globally independent.
“One of the principles of global leadership would be learning what others are doing and are about. There is also need for deconstructing boundaries that keep people apart. Effective global leaders need to keep track of events and trends in order to stay relevant,” he says.
Leake Hangala, Executive Chairman of Hangala group emphasises on the fact that we live in a world whereby technology is changing at a very fast pace hence there is need to keep up.
Hangala adds that the world has become very open and competitive especially in areas such as construction whereby the country faces competition from other countries with China and Brazil constituting some of the challenges faced by the corporate leadership in the 21st Century.
“Some of the challenges faced nowadays range from the fact that we live in a world that has a distressed world economy with little dispensable income hence the non-availability of funds for the corporate financing which is not easily available.
“Scarcity is also another challenge in the corporate world. On the other hand, skills are mobile. If the leader does not encourage and take care of his skilled worker, odds are that he will move somewhere else,” Hangala says.
Hangala points out that a good leader is also a person who needs to know when his time to reign is over and pass on the succession baton.
He proposes that more business schools should be established in order to teach leadership strategies, marketing and implementation.
Hangala calls on leaders to be more willing to implement strategies to develop the economy.
“Implementation is an issue in all Africa,” he notes.