NAMIBIA MUST PROMOTE EXPORT-LED DEVELOPMENT STRATEGY

Namibia's economic sustainability can only be guaranteed through the promotion of an export-led economic development strategy, says Economic Planning Minister Tom Alweendo.

Opening a one-day government forum with development partners here Monday, he 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 added.

This will also require continued investment in high-level and relevant skills which can enhance competitiveness, said the minister, who asked the country's development partners to join hands with the government in the transformation process.

Namibia, he added, still had a number of areas of development where more needed to be done.

Namibia's economic growth needed to be more inclusive and create more employment opportunities, especially for young people, he said.

The income generated from the economy also needs to be shared on a more equitable basis among members of 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," he said.

The forum aims to ensure effectiveness of development assistance in support of national development plans, like the Harambee Prosperity Plan, and international goals such as the African Union's Agenda 2063 and the Sustainable Development Goals (SDGs) of the United Nations.

Source: NAM NEWS NETWORK