Opinion - Can venture capital bring Namibia economic prosperity?
2021-04-30
The Namibian economy has recently seen its worst years in terms of economic growth. The economy has been in a recession due to a decline in activity in the mining, agriculture, construction, and most recently the hospitality and tourism sectors. Before that, the country experienced years of accelerated GDP growth due to a high, unsustainable levels of fiscal stimulus which has left the government with US$1.25 billion in Eurobonds and liquidity issues. Simply put, this indicates that our government cannot afford to pump money into the economy as a means of growth, and we thus have to look towards private investment to stimulate growth.