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OBSERVER DAILY | Namibia’s unequal struggle: From recognition to real action When Finance Minister Erica Shafudah addressed over 800 delegates and 80 central bank governors at the Alliance for Financial Inclusion (AFI) Global Policy Forum in Swakopmund, she did something that deserves recognition: she confronted the uncomfortable truth. Namibia, three decades after independence, remains one of the most unequal societies in the world. The minister did not hide behind slogans or polished talking points. Instead, she acknowledged that inequality, rooted in colonial dispossession and apartheid exclusion, continues to cast a long shadow over our democracy. That candor matters. Too often, governments facing stubborn structural problems resort to denial or distraction. Commending the Minister for stating plainly that Namibia shares with South Africa the dubious honor of ranking among the world’s most unequal nations is necessary. It is refreshing to hear our leadership admit that breathtaking natural beauty coexists with stark social and economic divides. But recognition alone will not suffice. Words, no matter how honest, cannot fill empty stomachs, create jobs, or build schools. What Namibians urgently require are concrete actions and practical reforms to make equality more than an aspiration. The legacy we cannot escape Namibia’s inequality is not accidental. It was engineered through decades of laws that excluded the majority from owning land, accessing credit, or participating meaningfully in the economy. Independence in 1990 brought political freedom, but it could not instantly undo entrenched patterns of privilege. Thirty-five years later, that legacy still defines daily life. A small elite enjoys the benefits of modern Namibia while the majority survive on the margins. According to most estimates, the top 10 percent of Namibians control more than half of the national income. In rural villages, young people without jobs watch as wealth concentrates in urban centers. Women remain overrepresented in informal work and underrepresented in positions of economic power. Acknowledging these realities, as Minister Shafudah did, is a first step. The challenge is to move from historical explanation to present-day solutions. Commendable progress, but insufficient It is not accurate to claim that nothing has been done. Successive Namibian governments have pursued redistribution through social safety nets, pensions for the elderly, grants for vulnerable children, and affirmative action in employment. Public investment in education, health, and infrastructure has improved access to basic services. These efforts have softened the sharpest edges of poverty. Yet, inequality persists at alarming levels. Why? Because most interventions have focused on alleviation, not transformation. Grants may provide short-term relief, but they do not create sustainable livelihoods. Land reform, long promised, has been slow and often captured by elites. State-owned enterprises have too often failed to deliver jobs while draining public coffers. And despite numerous empowerment charters, ownership and control of key sectors remain heavily skewed. In short, Namibia has tackled the symptoms without curing the disease. Moving beyond rhetoric What, then, are the tangible steps that could begin to bridge Namibia’s inequality gap? Several priorities stand out: Land Redistribution That Works Land remains the foundation of wealth creation in Namibia. A credible, transparent, and accelerated land reform program is essential. Redistribution must focus not only on transfer but also on providing new farmers with financing, skills, and market access. Without this support, land reform risks becoming symbolic rather than transformative. Industrialisation and value addition Namibia cannot continue exporting raw minerals, beef, and fish while importing finished goods at high prices. Value addition industries, from agro-processing to manufacturing, would create jobs and diversify income streams. Policy must aggressively support local enterprises to climb the value chain. Access to affordable finance Inequality is perpetuated when only a select few can access affordable credit. Pension-backed housing loans, mobile banking innovations, and SME financing windows must expand quickly and equitably. Financial inclusion is meaningless if rural women or township entrepreneurs cannot borrow at fair terms to build sustainable businesses. Reforming Education for Jobs Education cannot remain a paper chase for certificates. Vocational training, technical colleges, and entrepreneurial programs must align with the real economy. Namibia’s young population deserves more than a cycle of school, unemployment, and disillusionment. Accountability in Governance Corruption and elite capture worsen inequality. Every dollar lost to mismanagement is a dollar stolen from classrooms, clinics, and housing projects. If inequality is to be reduced, governance must be strengthened, procurement cleaned up, and accountability enforced at every level. A shared responsibility The temptation is to leave this struggle to government alone. That would be a mistake. The private sector must abandon the illusion that inequality is not its concern. Companies thrive when societies are stable, educated, and prosperous. Civil society and trade unions must push not only for redistribution but also for productivity and innovation. Ordinary citizens, too, must hold leaders accountable, demanding more than speeches. The AFI Forum in Swakopmund reminded Namibia that inequality is not only a local burden. It undermines financial inclusion, depresses domestic markets, and fuels frustration that can destabilize democracies worldwide. In addressing international delegates, Minister Shafudah placed Namibia’s struggle in global perspective. That is important, but the solutions must be homegrown and people-centered. From promise to proof Three decades of inequality is three decades too many. Future generations will not judge Namibia by the eloquence of its speeches but by the evidence of its actions. Will rural schools have laboratories? Will townships boast thriving businesses? Will women farmers have title deeds and tractors? Will young graduates find jobs beyond street corners? These are the questions that matter. Commending the Minister for honesty is justified. Commending the government for not burying its head in the sand is fair. But history will not remember who admitted the problem; it will remember who solved it.

#Namibia #Inequality #SocialJustice #FinanceMinister #GlobalPolicyForum

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BoN to host financial inclusion forum With less than a week to go before the Alliance for Financial Inclusion (AFI) Global Policy Forum (GPF) 2025, the Bank of Namibia said this week that 800 delegates from across the African continent and beyond, will attend the forum to be held in Swakopmund.  Naufiku Hamunime, acting deputy director of corporate communications and sustainability said the forum, convening under the theme “Empowering Society, Enabling Growth,” represents one of the most significant financial inclusion gatherings globally and on the continent. She said the forum comes at a pivotal time for Namibia’s financial sector. On 28 July, the Bank of Namibia, jointly with the Ministry of Finance and the Namibia Financial Institutions Supervisory Authority (NAMFISA), launched the Namibia Financial Sector Transformation Strategy (NFSTS), which sets out a roadmap for a resilient, inclusive and modern financial system that serves the development of all Namibians and economy.  Complementing this, the bank also unveiled its financial inclusion awareness campaign, designed to improve the understanding, accessibility and usage of financial services by all Namibians and residents.  Hamunime said both milestones align strongly with the AFI GPF’s objectives of empowering citizens through access to inclusive finance and positioning Namibia as a proactive driver in financial transformation on the continent. Deputy governor of the Bank of Namibia, Leonie Dunn noted: “The AFI GPF offers Namibia and the wider region a necessary and opportune platform to accelerate financial inclusion efforts. The partnerships we have forged for this event underline our collective commitment to building a sustainable and inclusive financial future.” Hamunime said the scale and ambition of the AFI GPF underscored that transformative financial inclusion cannot be achieved by a single institution acting in isolation.  “The collaboration between public, private and development partners reflect a shared commitment to empowering society and enabling growth through innovative financial solutions, policy frameworks and long-term sustainability. Each partner plays a distinctive role in broadening financial access, from driving product innovation in the banking sector, harnessing alternative data to enable inclusion, to supporting SME growth, ensuring social security, and enabling infrastructure development.” 

#FinancialInclusion #Namibia #GlobalPolicyForum #FinancialGrowth #EmpowerSociety

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Namibia Hosts 2025 Global Policy Forum, Financial Inclusion at the Forefront - The Villager Newspaper Namibia Hosts 2025 Global Policy Forum, Financial Inclusion at the Forefront  The Villager Newspaper

#Namibia #GlobalPolicyForum #FinancialInclusion #PolicyDiscussion #EconomicDevelopment

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GPF 2025 preparations near completion Justicia Shipena Preparations are at an advanced stage for the 2025 Global Policy Forum (GPF), which Namibia will host for the first time.  The Bank of Namibia (BoN)’s acting director for strategic communications and international relations, Naufiku Hamunime, said the event theme and host location have been finalised. BoN and the Alliance for Financial Inclusion (AFI) will hold the event in Swakopmund from 2 to 5 September 2025. Hamunime said coordination with ministries and stakeholders is ongoing to ensure a secure and smooth experience for all delegates. The forum, held under the theme “Empowering Society, Enabling Growth”, is expected to bring together over 700 delegates from more than 90 countries.  These include central bank governors, finance ministers, global development institutions, and private sector leaders. BoN governor Johannes !Gawaxab said the event gives Namibia a chance to showcase its progress in financial inclusion and reaffirm its commitment to inclusive finance. “Namibia is poised to welcome the world. As a nation deeply invested in the ideals of inclusive finance and transformative development, we are honoured to host a forum of this calibre,” he said. The GPF is recognised as a global platform where policymakers, regulators, and thought leaders in developing and emerging economies discuss ways to advance financial inclusion.  The event will feature policy discussions, side events, and high-level panels. Topics include gender-inclusive finance, green finance, MSME development, digital transformation, and consumer empowerment.  The Forum will also explore climate-resilient finance, digital public infrastructure, and financing for MSMEs.  Keynote speeches will be delivered by leaders in the global financial sector. BoN said it appreciates the support from public and private partners helping organise the forum.  These include the Namibia Financial Institutions Supervisory Authority, Standard Bank Namibia, Nedbank Namibia, Social Security Commission, Namibia Airports Company, Financial Intelligence Centre, Ninety-One Asset Management, 20-Twenty Financial Solutions, Bellatrix SME Finance, Capricorn Group, Agribank of Namibia, Mobile Telecommunications Company, and the Namibia Investment Promotion and Development Board. The bank expects more sponsors to come on board and encourages the public to follow updates and support what it calls a significant national achievement.

#GlobalPolicyForum #GPF2025 #Namibia #FinancialInclusion #EmpoweringSociety

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