![]() WindhoekCC_Night Nice resort to stay | ![]() staff_night_out All night long | ![]() windo2 funny night |
![]() windoek busy night in windoek | ![]() Swakopmund Swakopmund is nice |
This growth is expected to carry on in 2009 with plans to build at least one new uranium mine and to expand an existing one. Plans to invest in two new five-star hotels in Windhoek, conference centres, the electricity grid, electricity generating plants, roads and railways are also underway. The construction industry has also faced some setbacks. The price of cement has risen and supply has not always met the demand. The construction of a cement factory in 2009 is expected to supply Namibia and neighbouring Angola from 2010 onwards.
Overall, real GDP is predicted to grow by 2.7 per cent in 2009, before rebounding to 3.1 per cent in 2010. Gross fixed capital formation grew at a remarkable rate in 2008. Private investment, primarily in new mining deposits and telecommunications increased. Public investment - mainly in electricity, road and railway infrastructure - also increased markedly by 9 per cent. Annual growth in gross capital formation is expected to remain high at 8.4 per cent in 2009 and 9.8 per cent in 2010 due primarily to private investment.
Exports fell in 2008. They are expected to remain weak in 2009 and 2010 due to the world recession, as the external sector
continues to pull down aggregate demand.
Your commentsI am angolan, who can buy goods in Namibia and bring to Angola. Must carefull doing busy in Namibia like any part of World. There are lot of crooks waiting to target foregner. But not worse than in South Africa. At moment business is going well. we've Angolan people coming to buy goods in here. It's a good place to do busines. |
Namibia gained independence from South Africa in 1990. Since then four parliamentary elections have been held with competing political parties. A fifth parliamentary election took place in November 2009. The ruling party - The South West Africa Peoples' Organisation (SWAPO) - has a two third majority in parliament. The opposition has disintegrated with members defecting to join/form splinter groups. The Rally for Democracy and Progress (RDP), created in November 2007 by former high-ranking SWAPO members poses some threat to the government. Former foreign minister Hidipo Hamutenya became leader of the RDP in late 2008, four years after he was sacked from government. President Hifikepunye Pohamba has been determined to stamp out corruption since he took power in 2005 and again in November 2009. In February 2006 the government set up an anti corruption commission. The number of reported corruption cases rose from 92 by 2006 to 240 by March 2007. Nonetheless, Namibia continues to be one of the better governed and least corrupt countries in Africa. The Transparency International corruption perception index showed that Namibia scored 4.5 in 2008 and 2007 despite dropping from 57 to 61 in world rankings. In 2008 the Ibrahim Index of African Governance ranked Namibia sixth out of 48 Sub - Saharan countries. It was political unrest and violence has marred the lead up to forthcoming regional and presidential elections that took place in mid and late 2009. SWAPO supporters have disrupted RDP public rallies. In October 2008 a new local authority was elected for Omuthiya in Northern Namibia after being delayed twice when different political parties disputed over voter registration. Although SWAPO retained a majority, RDP did - for the first time - take part in these elections. |
How the current political situation in Namibia?Your commentsAt moment is ok. We had some trouble toward election on 2009. Cause of some greedy politiens hungry to get in power in any manner. By lying ignorants people to follow them but at end will not improve the life of people in this country. Only improve they only bank accounts. We've peace in my country. But always you'll have people who are prepared to make trouble for their own gain. This place is moving forward without any problem. That what we want see in all African Countries. i'm happy namibia is still fine and i hope that it will stay this way. we need peace and development in african countries and i hope our african leader will stick to they promises to look after the nation who vote them to be where they are now. |
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Your commentsIt seems Namibia is nice country and peaceful in contrast without countries in Africa. Direct me some nice locals places to visit. It's nice place to visit. More calm in contrast to South Africa |