John Mofuka By John Mofuka 21 July 2024 While street food stalls, artisanal workshops, and other informal marketplaces have long been the lifeblood of many communities, authorities increasingly pressure vendors to conform to rigid regulations. As this vibrant tapestry of entrepreneurial activity faces increased scrutiny, a critical question arises: Should these informal economies be forced into …
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Danny Meyer By Danny Meyer 25 July 2024 In African countries, the informal sector is an important provider of goods and services to locals in urban and rural areas. The United Nations Development Programme (UNDP) says in Africa close to 83% of jobs and 85% in sub-Saharan Africa are informal. Following the hosting of a policy …
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Ndumba J Kamwanyah By Ndumba J Kamwanyah 25 August 2024 Windhoek Mayor Queen Kamati’s recent site visits to assess traffic flow and enforce by-laws, particularly concerning illegal trading, have sparked a significant debate about the city’s approach to managing its informal sector. While efforts to maintain order and cleanliness in the nation’s capital are understandable, the …
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Namibia follows global trends in terms of the informal economy’s contribution to overall economic health. This is according to industrialisation and trade minister Lucia Ipumbu, who said it is estimated the informal economy contributes about 24% of the country’s GDP and around 56% of the labour force. These significant inputs further justify the formalisation of the …
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https://namibia.un.org/en/245839-namibia-takes-bold-step-towards-formalizing-informal-economy The Bank of Namibia, the Government, and the UN organized a Multi-Stakeholder Workshop on the National Diagnostic of Informality. The event was held at the Safari Hotel & Conference Centre in Windhoek and was attended by a varied group of stakeholders from civil society, trade unions, government, private sector, research and academia, and development …
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Namibia’s informal sector has been recorded to be the country’s largest employer and contributes about 24% to the country’s gross domestic product (GDP). This was revealed by the minister of industrialisation and trade, Lucia Iipumbu, during a workshop late last week to integrate the informal sector into the formal sector. “The informal economy is a …
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Eveline Street market earmarked for renewal Martin Endjala At its last council meeting on 31 August, the Windhoek Municipality resolved to approve the upgrading of the Onghendambala Market for informal traders on erf 3222 on Eveline Street in the Goreangab residential area. The council approved a request by VISET Namibia, which received funding from the …
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The informal sector traders are currently the biggest investors in the Namibian economy, accommodating at least 56% of the country’s workforce. This was revealed by Tangeni Shindondola, the director of the recently established Dynamic Informal Traders’ Association (Dita), on Friday. “This is the fastest-growing employment sector in the country, given massive retrenchments and lay-offs, and …
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Violence on foreign traders condemned THE Vendors Initiative for Social and Economic Transformation have condemned the violence against foreign informal traders and the confiscation of their goods in Namibia and called on cooperation among vendors regardless of their nationality. In a statement issued by their spokesperson Luise Mwanyangapo yesterday, the organisation condemned the recent incident …
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