Economic downturn not Geingob's fault: Shilimela

22 Apr 2017 13:10pm
EENHANA, 22 APR (NAMPA) – Northern businessman Dr Banda Shilimela has said no individual is to be blamed for the economic downturn Namibia is experiencing.
Shilimela said this at Eenhana in the Ohangwena Region, where he was a guest speaker at the Eenhana Town Council’s first-ever mayoral breakfast meeting with the local business community on Friday.
The businessman explained that the economic slowdown is a global trend that started as far back as 2008 and many countries have not yet recovered.
“Neither our president, nor the country’s administration is to be blamed for the trend,” Shilimela noted, adding it should serve as a reminder to economic role players to be extra careful and to manage the country’s economy prudently.
He also shot down allegations that the Namibian Government is broke.
“Namibia is not broke, because the Government is still able to pay its foreign debts and the salaries of public servants,” Shilimela said.
He used the platform to encourage Namibian entrepreneurs to not only focus on domestic business opportunities, but to expand and look for possible opportunities in the international arena.
Shilimela told those present that he has expanded his business to other countries such as the Democratic Republic of Congo, China and Mozambique where he has three companies and created some 500 job opportunities.
He also criticised business owners who he said operate in cartels to grab all Government tenders at the expense of other entrepreneurs.
“Stop such corrupt practices, it prevents the whole population from benefiting,” Shilimela said.
The businessman owns various companies ranging from security, aviation, mining, construction and fishing to property and manufacturing.
Eenhana mayor Amos Nangolo said his council convened the meeting to consult, interact and share information on matters pertaining to the development of the town with the business community.