By: Mike Oshoveli
Namibia has immense resources and potential, but its progress tells a story of uneven benefits.
While the economy has experienced growth, with industries like mining contributing significantly to the country’s GDP, this growth has not always translated into better living conditions for all its citizens.
Economic growth, which focuses on increasing the production of goods and services, often falls short of addressing deeper social and economic challenges.
Namibia’s mining sector, for instance, generates significant wealth. Diamonds, uranium, and other minerals are extracted and exported, boosting GDP figures. However, much of this wealth benefits foreign companies rather than the local citizens.
For many Namibians, especially those living in informal settlements and marginalised communities, the prosperity seen in economic reports is not reflected in their daily lives. Growth alone is not enough if it does not lead to better-quality healthcare, education, housing, and other essential services.
The persistent challenge our country is facing is inequalities in wealth distribution. Namibia is one of the most unequal countries in the world despite its abundant natural resources.
While small groups of the elite enjoy considerable wealth, access to luxury lifestyles, and high-quality services, the majority of Namibians face a daily battle to secure basic necessities like clean water, adequate sanitation or just a healthy meal a day.
This inequality is most evident in urban areas like Windhoek, where sleek modern buildings and wealthy neighbourhoods stand in sharp contrast to the vast informal settlements just on the other side.
In these settlements, thousands of families live in makeshift homes made from corrugated iron, with limited or no access to electricity, running water, or proper waste disposal systems.
Adding to these challenges is the fact that much of Namibia’s natural resource wealth is controlled by foreign investors. Although mining operations contribute to economic growth, the profits often leave the country, limiting the government’s ability to reinvest in development.
Corruption adds to the problem, with the mismanagement of funds meant for public services, slowing down development efforts.
Another barrier to development is the mismatch between education and job opportunities. Many young Namibians graduate with skills that do not align with market demands, leading to high unemployment rates even among the educated. This disconnect creates a cycle where economic growth does not result in more jobs or opportunities for the majority.
True progress requires focusing on economic development, which goes beyond GDP figures to improve the quality of life for all citizens. Namibia must prioritise investments in education, healthcare, and housing to ensure that the benefits of its economic activities are shared widely.
Sustainable management of resources is also essential, using mining revenues to fund social services while preserving these resources for future generations.
Reducing inequality and bridging the gap between the rich and poor is critical. Policies that promote fairness, create opportunities for marginalised communities, and support small businesses can help address this imbalance.
Development is about creating a society where every Namibian has the chance to thrive, regardless of their background or circumstances. Namibia’s future depends on its ability to shift focus from economic growth to economic development.
Progress will not be measured by GDP alone but by the well-being of its people. A brighter future will come from ensuring the country’s wealth benefits everyone, not just a select few.
By addressing inequality, investing in human capital, and managing resources responsibly, Namibia can create a more equitable and prosperous society for all its citizens.
