Namibia to launch economic recovery plan to mitigate anticipated negative impacts of COVID-19

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Sharon Kavhu 

Windhoek - Namibian President Hage Geingob on Saturday said his government will present an economic recovery plan to mitigate anticipated negative impacts of the coronavirus (Covid-19) on the country’s economy.

Namibia has so far confirmed three cases of coronavirus, two from a Romanian couple and another from Germany national.

In his inauguration speech, Geingob said the nation must rise as one in the fight against this pandemic which is placing the country’s efforts to recover its economy in jeopardy.

“In the midst of challenging economic conditions, exacerbated by Covid-19, we will present an economic recovery plan to mitigate anticipated negative impacts on our economy. The single-minded objective is to stimulate quality economic growth and generate more jobs. We will do whatever it takes to safeguard our economic sovereignty and human dignity,” said Geingob.

“In the face of this threat to our way of life and future prosperity, all Namibians must embrace the spirit of unity. Covid-19 doesn’t discriminate. It is a pernicious enemy that threatens all of us. In order to fight this invisible enemy, we must rise as one. We must emulate the brave deeds of thousands of Namibian men and women who from all corners of the country, rose as one people to defeat the brutal apartheid regime.”

He said although the enemies faced by the country today may not be the same, the resolve of the Namibian people remained as strong as ever.

Although Covid-19 threatens the economy of Namibia at a time the country is in the struggle for economic emancipation, Geingob said the country had made strides in reducing poverty.

Geingob said over the past two decades, the country had managed to reduce poverty from a baseline of 70 % down to 18%.

As the country celebrates 30 years of independence, 95% of school age children attend school and the number of teachers has increased by 30%.

He added, “The health system in Namibia has transformed from fragmented, racially segregated infrastructure into a more inclusive national service catering for the health and welfare of all Namibians.”

Geingob said the tarred road network had also increased by 45 % since independence. 

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