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    Omanyano ovanhu koikundaneki yomalungula kashili paveta, Commisiner Sakaria takunghilile Veronika Haulenga

Namibia

Financial Struggles Worsen as State Support and Shack Dwellings Increase

today19 December, 2024 10

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About 25% of Namibians earning an income spend only N$521 monthly, while 90% cannot afford more than N$5,000, reflecting widespread financial struggles, according to Cirrus Capital. State support sustains nearly a quarter of households, with drought relief beneficiaries doubling to 364,927 in 2024. Shack dwellers now make up 28.7% of households, tripling since 2011 to 217,000, especially in the Khomas region. Rising inflation and declining self-sourced income have worsened inequality across the country.

Written by: Leonard Witbeen

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