Namibia

Informal Sector Vital to Agriculture: Emphasis on Financial Inclusion in Namibia’s Growing Economy

today29 January, 2024

Background

As the nation places a growing emphasis on agriculture, a substantial segment of the informal sector actively participates in farming, cultivating diverse crops. In parallel, individuals are engaged in various crafts such as woodwork, pottery and weaving.Mr. Ebson Uanguta, former Deputy Governor of the Bank of Namibia, highlighted the crucial role of financial institutions, particularly banks, in promoting inclusivity during a recent event. Independent researcher Josef Sheehama provides insights into potential urgent solutions.

 

Written by: Leonard Witbeen