In Namibia , a considerable number of economic activities had to be placed on hold because of the spread of Covid-19. It forced all educational institutions to cancel lessons or to move them online. Most companies either had to shut down or cut salaries.
What can be said is no one was prepared for this pandemic. The future seems uncertain and we believe that, during the pandemic, we have the perfect opportunity to mentor the next generation.
Namibia is moving from Stage One to Stage Two, with the exception of Walvis Bay going back to stage one, as part of the post-lockdown strategies. This means resuming domestic travel and all economic activities where effective social distancing can be enforced. Many businesses will also be allowed to reopen under new health measures, including shopping malls, retail stores, restaurants, hairdressers and barbers.
Once the virus resolves, there’s no reason why we cannot return peacefully to business as usual. The COVID-19 crisis points the way towards a better Namibia.
Namibia is a beautiful country, full of history, attractions and fantastic business prospects in various major sectors. Those who seek work and residency within the country can pursue immigration to Namibia.
With economic activities slowly returning to normal, below is a round up of what is currently happening in Namibia post lockdown:
- The United States is making a new commitment to the relationship between Namibia and America. They are building a modern, state-of-the-art U.S. Embassy. This will be a platform for the partnership with Namibians on everything from health, to economic growth, to shared belief in democratic principles. The projected move-in date is 2023. Total economic benefit for the local Namibian economy is estimated to be over N$300 million (over US$17 million) during the next three years.
- The construction and upgrade of Hosea Kutako Airport was put on hold and international flights are still being banned. Despite this the green light has been given to commence/resume the construction process again. The project, estimated to cost N$250 million, is spearheaded by the Namibia Airports Company. Its target is to double the handling capacity of the airport and to accommodate increased passenger numbers up until 2030. As an important part of the transport sector, the airport requires sufficient infrastructure to attract new airlines and enhance air connectivity which will stimulate our economy.
- While the global economy has taken a serious hit due to the pandemic, there are some businesses that are benefiting from it. In Namibia it has been reported that supermarkets have recorded the highest profits during this time.
We will keep you updated on the different economic sectors and legislation as they are announced.
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By Uaaruka Kandjii