Namibia’s economic development need be more inclusive

05 Dec 2016 19:20pm
WINDHOEK, 05 DEC (NAMPA) - Namibia’s economic sustainability can only be guaranteed through the promotion of an export-led economic development strategy, Economic Planning Minister, Tom Alweendo has said.
Opening a one-day government forum with development partners in the capital on Monday, Alweendo said the economic development strategy is to transform the country’s economy through industrialisation.
“This strategy requires us to continue investing in the necessary economic infrastructure, both hard and soft,” he said.
This will also require continued investment in high level and relevant skills that can enhance competitiveness, said the minister.
He asked the development partners to join hands with Government in the transformation process, adding Namibia still has a number of areas of development where more need to be done.
Alweendo said Namibia’s economic growth need to be more inclusive and create more employment opportunities, especially for young people.
He said the income generated from the economy needs to be shared on a more equitable basis among members of the society and to have them develop skills relevant to the envisioned growth.
“We need to pay particular attention to the quality of our human capital development.”
The forum, he said, aims to ensure effectiveness of development assistance in support of national development plans, like the Harambee Prosperity Plan, and international goals such as Agenda 2063 and the Sustainable Development Goals (SDGs) of the United Nations.
Agenda 2063 aims for a global strategy to optimise use of Africa’s resources for the benefits of all Africans.
The forum explored ways of collaboration around or in support of transformational initiatives that scale-up and leverage resources to achieve the desired impact under the national development plans. It also took the current drought and the perpetuated challenges into consideration when examining development plans.
The forum was attended by high-ranking officials from different government ministries and agencies, and diplomats.
(NAMPA)
ME/LI/ND