‘Geingonomics’ dawn on Namibia

December 5, 2014, 3:17pm

‘Geingonomics’ dawn on Namibia

The historic landslide victory of Swapo and Dr Hage Geingob as president of Namibia for the next five years ushered in a new era that promises to rescue the masses from the economic doldrums of the last two decades. For some, the landslide victory puts a heavy burden on Swapo to start the engines of the ‘Geingonomics’ blueprint and prove the skeptics wrong that the promises made will never be fulfilled at the expense of a few partisan elite.
‘Geingonomics’ is a term coined by local economist Mihe Gaomab II which basically means the “economic inclusion strategy for Namibia” in reference specifically to the presidency of Geingob. It refers to the reform of non-performing State- Owned Enterprise (SOEs), currently draining billions of dollars from state coffers at the expense of social-welfare programmes for the poor, as “a fundamental game changer to push Namibia from a maintenance economy to an expansionist economy with growth levels from 3% at current levels to 6% or 7%.”
While the ruling party again vows to act decisively against social ills, it is also being cautioned to avoid being just another statistic among the African mass liberation movements that brought independence, freedom and peace on the continent, but failed to empower their people economically. It could drown in its own absolute power, become arrogant and self-serving. In the worst case scenario, Swapo could lose the plot and the glitter in the end, and that's reason enough for the ‘Geingonomics’ blueprint to be activated to certify that all Namibians are at least guaranteed basic social amenities and to benefit directly or indirectly from the country’s abundant natural resources and welfare programs.
Poor Namibians don’t wish to become rich, even in the face of temptations from the elite youth showing off their money and cars daily. However, the mandate given to Geingob indicates that the masses had enough of corruption and poverty, and demand just a decent standard of living befitting the material attributes of the land of the brave. The ‘Geingonomics’ raises the bar of the political and economic expectations that necessitate the commencement of hard work, efficient planning and execution.
The outcome of the elections is certainly not only a victory for Swapo but for the country as well, a phenomenon that could affirm prosperity for all, irrespective of political affiliation, or could condemn the ‘Geingonomics’ to the dustbin of history.The historic landslide victory of Swapo and Dr Hage Geingob as president of Namibia for the next five years ushered in a new era that promises to rescue the masses from the economic doldrums of the last two decades. For some, the landslide victory puts a heavy burden on Swapo to start the engines of the ‘Geingonomics’ blueprint and prove the skeptics wrong that the promises made will never be fulfilled at the expense of a few partisan elite.
‘Geingonomics’ is a term coined by local economist Mihe Gaomab II which basically means the “economic inclusion strategy for Namibia” in reference specifically to the presidency of Geingob. It refers to the reform of non-performing State- Owned Enterprise (SOEs), currently draining billions of dollars from state coffers at the expense of social-welfare programmes for the poor, as “a fundamental game changer to push Namibia from a maintenance economy to an expansionist economy with growth levels from 3% at current levels to 6% or 7%.”
While the ruling party again vows to act decisively against social ills, it is also being cautioned to avoid being just another statistic among the African mass liberation movements that brought independence, freedom and peace on the continent, but failed to empower their people economically. It could drown in its own absolute power, become arrogant and self-serving. In the worst case scenario, Swapo could lose the plot and the glitter in the end, and that's reason enough for the ‘Geingonomics’ blueprint to be activated to certify that all Namibians are at least guaranteed basic social amenities and to benefit directly or indirectly from the country’s abundant natural resources and welfare programs.
Poor Namibians don’t wish to become rich, even in the face of temptations from the elite youth showing off their money and cars daily. However, the mandate given to Geingob indicates that the masses had enough of corruption and poverty, and demand just a decent standard of living befitting the material attributes of the land of the brave. The ‘Geingonomics’ raises the bar of the political and economic expectations that necessitate the commencement of hard work, efficient planning and execution.
The outcome of the elections is certainly not only a victory for Swapo but for the country as well, a phenomenon that could affirm prosperity for all, irrespective of political affiliation, or could condemn the ‘Geingonomics’ to the dustbin of history.The historic landslide victory of Swapo and Dr Hage Geingob as president of Namibia for the next five years ushered in a new era that promises to rescue the masses from the economic doldrums of the last two decades. For some, the landslide victory puts a heavy burden on Swapo to start the engines of the ‘Geingonomics’ blueprint and prove the skeptics wrong that the promises made will never be fulfilled at the expense of a few partisan elite.
‘Geingonomics’ is a term coined by local economist Mihe Gaomab II which basically means the “economic inclusion strategy for Namibia” in reference specifically to the presidency of Geingob. It refers to the reform of non-performing State- Owned Enterprise (SOEs), currently draining billions of dollars from state coffers at the expense of social-welfare programmes for the poor, as “a fundamental game changer to push Namibia from a maintenance economy to an expansionist economy with growth levels from 3% at current levels to 6% or 7%.”
While the ruling party again vows to act decisively against social ills, it is also being cautioned to avoid being just another statistic among the African mass liberation movements that brought independence, freedom and peace on the continent, but failed to empower their people economically. It could drown in its own absolute power, become arrogant and self-serving. In the worst case scenario, Swapo could lose the plot and the glitter in the end, and that's reason enough for the ‘Geingonomics’ blueprint to be activated to certify that all Namibians are at least guaranteed basic social amenities and to benefit directly or indirectly from the country’s abundant natural resources and welfare programs.
Poor Namibians don’t wish to become rich, even in the face of temptations from the elite youth showing off their money and cars daily. However, the mandate given to Geingob indicates that the masses had enough of corruption and poverty, and demand just a decent standard of living befitting the material attributes of the land of the brave. The ‘Geingonomics’ raises the bar of the political and economic expectations that necessitate the commencement of hard work, efficient planning and execution.
The outcome of the elections is certainly not only a victory for Swapo but for the country as well, a phenomenon that could affirm prosperity for all, irrespective of political affiliation, or could condemn the ‘Geingonomics’ to the dustbin of history.
 
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