To formalise or not to formalise
The informal economy, which is also the informal private sector, features less on the priority list of our national development agenda despite the fact that this sector provides opportunities - though minimal- to the most vulnerable populations e.g. the poor- mostly women and youth- who happen to dominate this sector. The vendors Initiative for social and economic transformation (VISET) Namibia in partnership with the Namibia Institute for Democracy (NID) and with the support of the Hanns Seidel Foundation (HSF) hosted a public discussion in an attempt to create awareness around how the informal trading domain affects the lives of majority of Namibians, shed light on financing requirements for the sector and identify the pro and cons of formalization and informality. The experts who served as panellists for this discussion were Ms. Ally Angula (Entrepreneur), Dr Mungai Lenneiye (Former World Bank Country Manager for Zimbabwe and Director for Udugu Institute), Dr Ndumba Kamanyah (Political Analyst) and Ms. Twapewa Kadhiwa (Entrepreneur). The event which was moderated by Ms. Naita Hishoono from NID, was attended by 33 members of the public in total. This discussion was held at The House of Democracy.