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Business booming at Walvis Bay - The Southern Times

Business booming at Walvis Bay - The Southern Times
southerntimesafrica.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from southerntimesafrica.com Daily Mail and Mail on Sunday newspapers.

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Namibia economy on the mend - The Southern Times


Namibia economy on the mend
Tiri Masawi
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However, the tourism is still limping as international travel remains curtailed by the COVID-19 pandemic.
Briefing the local media this week, Bank of Namibia Governor Mr Johannes !Gawaxab said full economic recovery would be hinged on vaccinations, investments and financial sector stability.
“In terms of the country’s economic challenges, which were exacerbated by the COVID-19 epidemic, Namibians, along with the rest of the world, have been through unprecedented and tough circumstances since the pandemic’s outbreak.
“As a result, Namibia’s GDP shrank by eight percent in 2021, eliminating jobs and hobbling businesses while also putting pressure on the government debt. The country cannot afford another hard lockdown since it would jeopardise more jobs and businesses,” he said. ....

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