No economic transformation without women: PM

08 Mar 2016 15:30pm
WINDHOEK, 08 MAR (NAMPA) – Genuine transformation of the domestic economy cannot be successful unless women, who make up over half the population of Namibia, are full participants of all economic activities.
This was the observation made by Prime Minister Saara Kuugongelwa-Amadhila during the official inauguration of the all-Namibian woman owned Wangara Automotive Group in Prosperita, on Monday.
Wangara Automotive is a vehicle service centre situated in the Northern Industrial Area, with its newly built headquarters situated in the Prosperita business district of Windhoek. The company officially commenced operations in April 2013 after being founded by four Namibian woman entrepreneurs namely; Elizabeth Asino-Joseph, Ndahambelela Nangolo, Justina Shingenge and Christophine Amukwaya.
The PM said Government envisions a private sector led by economic growth in order to realise sustainable economic development and accelerated employment creation in Namibia.
“This requires us to see increased foreign direct and domestic investment in various sectors of our economy, which should naturally result not only in increased business activities but also in the creation of new jobs.”
The former finance minister pledged that Government will remain committed to its primary role in developing and improving policy and legislative bottlenecks hampering investment.
“Foreign and domestic investments and such opportunities will require addressing, so that businesses can invest and operate in our economy and competitively carry out their activities.”
Namibia’s first-ever woman Prime Minister said Government will endeavour to hold consultations and maintain close cooperation with the private sector so that policies and laws are supportive of competitiveness and growth.
She said the socio-economic challenges currently faced by Namibia such as poverty, unemployment and inequality require a faster rate of economic growth.
“It is only through faster economic growth that we can create more opportunities for meaningful employment and achieve more equitable distribution of income.
“We need the private sector to show greater confidence in our economy by increasing investments. We see numerous opportunities which our country can put forward for various investors to consider.”
Kuugongelwa-Amadhila reiterated that the genuine transformation of the domestic economy cannot be successful unless women, who make up over half the population of Namibia are full participants of all economic activities.
Namibia’s population is estimated at 2.2 million.
“It makes a great deal of sense that the ownership, management and control of the means of production is shared as equitably as possible by men and women.”
Government is currently developing an Equitable Economic Empowerment Bill, which according to Kuugongelwa-Amadhila, will drive an economic empowerment agenda destined to bring greater equity in business.
“Unfortunately, colonial segregation policies created huge racial and gender inequalities which our Government is determined to rectify.”
International Women’s Day is celebrated on 08 March. This year the international theme is ‘Planet 50-50 by 2030: Step It Up for Gender Equality’, while in Namibia the day is being celebrated under the theme ‘Zero Gender-based Violence Towards 50/50 Gender Equality’.