Income inequality hampers progress
Income inequality hampers progress

Income inequality hampers progress

Herma Prinsloo
ELLANIE SMIT

WINDHOEK



Although Namibia has made progress in some areas of human development, it still faces high inequality in income distribution.

The country has made improvement in life expectancy at birth, mean years of schooling and expected years of schooling, as well as Gross National Income (GNI) per capita, says Prime Minister Saara Kuugongelwa-Amadhila.

She was speaking at the launch of the Global Human Development Report 2020 and the Namibia National Human Development Report 2019.

According to Kuugongelwa-Amadhila, Namibia's human development index has improved from 0.581 in 1990 to 0.646 in 2019, placing it in 130th place among 189 countries.

There is still high inequality in income distribution, with the Gini coefficient standing at 0.560 for the 2015/2016 financial year.

“The inequities in income distribution fuel poverty and unemployment, with women and the youth bearing the brunt of poverty and unemployment,” the prime minister said.

The United Nations Development Programme (UNDP) partnered with the government to complete the Namibian report.



Recommendations

Kuugongelwa-Amadhila said these reports encompass various dimensions of human development such as equality, a long and healthy life, being knowledgeable and having a decent standard of living.

The reports also make recommendations for change.

According to Kuugongelwa-Amadhila, the National Economic Empowerment Bill, which is in the final stage of consultation, is aimed at assisting Namibia to overcome inequality, promote a resilient economy, high and sustainable economic growth and eradicate unemployment and poverty.

“The report reveals inequalities related to gender, access to education and health, ownership of assets such as land, ethnicity, and geographic location.”

She said these findings call for concerted efforts to address the situation.

“To this end the government is committed to ensuring our development approaches are supportive of efforts to protect our environment and address all forms of inequalities and at every level of our society.”

Kuugongelwa-Amadhila said there are ongoing government programmes to deal with this, including actions agreed to at the 2019 Land Conference which seek to address access to land and housing.

She further said that the education and health sectors continue to receive the largest share of the national budget. Reforms will continue to ensure alignment of educational programmes to the needs of the labour market to improve the employability of graduates.

Furthermore, a revised policy on nutrition and food security is being finalised and environmental protection remains a priority in government programmes.

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Namibian Sun 2024-05-11

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Premier League: Fulham 0 vs 4 Manchester City LaLiga: Mallorca 1 vs 0 Las Palmas | Deportivo Alaves 2 vs 2 Girona SerieA: Frosinone 0 vs 5 Inter Milan Katima Mulilo: 14° | 33° Rundu: 13° | 32° Eenhana: 13° | 33° Oshakati: 15° | 32° Ruacana: 16° | 33° Tsumeb: 16° | 30° Otjiwarongo: 14° | 30° Omaruru: 17° | 32° Windhoek: 15° | 28° Gobabis: 16° | 29° Henties Bay: 14° | 19° Wind speed: 23km/h, Wind direction: S, Low tide: 11:22, High tide: 05:22, Low Tide: 23:42, High tide: 17:53 Swakopmund: 15° | 17° Wind speed: 26km/h, Wind direction: SW, Low tide: 11:20, High tide: 05:20, Low Tide: 23:40, High tide: 17:51 Walvis Bay: 15° | 23° Wind speed: 32km/h, Wind direction: SW, Low tide: 11:20, High tide: 05:19, Low Tide: 23:40, High tide: 17:50 Rehoboth: 17° | 29° Mariental: 20° | 32° Keetmanshoop: 17° | 31° Aranos: 19° | 31° Lüderitz: 12° | 26° Ariamsvlei: 14° | 29° Oranjemund: 11° | 19° Luanda: 25° | 28° Gaborone: 15° | 29° Lubumbashi: 14° | 29° Mbabane: 15° | 20° Maseru: 10° | 25° Antananarivo: 13° | 24° Lilongwe: 17° | 29° Maputo: 21° | 26° Windhoek: 15° | 28° Cape Town: 14° | 19° Durban: 18° | 19° Johannesburg: 17° | 25° Dar es Salaam: 23° | 30° Lusaka: 19° | 29° Harare: 15° | 28° Currency: GBP to NAD 23 | EUR to NAD 19.82 | CNY to NAD 2.55 | USD to NAD 18.41 | DZD to NAD 0.14 | AOA to NAD 0.02 | BWP to NAD 1.31 | EGP to NAD 0.38 | KES to NAD 0.14 | NGN to NAD 0.01 | ZMW to NAD 0.68 | ZWL to NAD 0.04 | BRL to NAD 3.56 | RUB to NAD 0.2 | INR to NAD 0.22 | USD to DZD 134.06 | USD to AOA 834.06 | USD to BWP 13.6 | USD to EGP 47.35 | USD to KES 130.98 | USD to NGN 1439.8 | USD to ZAR 18.44 | USD to ZMW 26.75 | USD to ZWL 321 | Stock Exchange: JSE All Share Index 78464.25 Up +1.19% | Namibian Stock Exchange (NSX) Overall Index 1754.6 Up +1.22% | Casablanca Stock Exchange (CSE) MASI 13527.01 Up +0.36% | Egyptian Exchange (EGX) 30 Index 26003.16 Up +0.05% | Botswana Stock Exchange (BSE) DCI Same 0 | NSX: MTC 7.75 SAME | Anirep 8.99 SAME | Capricorn Investment group 17.34 SAME | FirstRand Namibia Ltd 49 DOWN 0.50% | Letshego Holdings (Namibia) Ltd 4.1 UP 2.50% | Namibia Asset Management Ltd 0.7 SAME | Namibia Breweries Ltd 31.49 UP 0.03% | Nictus Holdings - Nam 2.22 SAME | Oryx Properties Ltd 12.1 UP 1.70% | Paratus Namibia Holdings 11.99 SAME | SBN Holdings 8.45 SAME | Trustco Group Holdings Ltd 0.48 SAME | B2Gold Corporation 47.34 DOWN 1.50% | Local Index closed 677.62 UP 0.12% | Overall Index closed 1534.6 DOWN 0.05% | Osino Resources Corp 19.47 DOWN 2.41% | Commodities: Gold US$ 2 360.52/OZ UP +0.59% | Copper US$ 4.62/lb UP +1.13% | Zinc US$ 2 961.00/T DOWN -0.06% | Brent Crude Oil US$ 83.21/BBP DOWN -0.0171 | Platinum US$ 995.62/OZ UP +1.05% Sport results: Premier League: Fulham 0 vs 4 Manchester City LaLiga: Mallorca 1 vs 0 Las Palmas | Deportivo Alaves 2 vs 2 Girona SerieA: Frosinone 0 vs 5 Inter Milan Weather: Katima Mulilo: 14° | 33° Rundu: 13° | 32° Eenhana: 13° | 33° Oshakati: 15° | 32° Ruacana: 16° | 33° Tsumeb: 16° | 30° Otjiwarongo: 14° | 30° Omaruru: 17° | 32° Windhoek: 15° | 28° Gobabis: 16° | 29° Henties Bay: 14° | 19° Wind speed: 23km/h, Wind direction: S, Low tide: 11:22, High tide: 05:22, Low Tide: 23:42, High tide: 17:53 Swakopmund: 15° | 17° Wind speed: 26km/h, Wind direction: SW, Low tide: 11:20, High tide: 05:20, Low Tide: 23:40, High tide: 17:51 Walvis Bay: 15° | 23° Wind speed: 32km/h, Wind direction: SW, Low tide: 11:20, High tide: 05:19, Low Tide: 23:40, High tide: 17:50 Rehoboth: 17° | 29° Mariental: 20° | 32° Keetmanshoop: 17° | 31° Aranos: 19° | 31° Lüderitz: 12° | 26° Ariamsvlei: 14° | 29° Oranjemund: 11° | 19° Luanda: 25° | 28° Gaborone: 15° | 29° Lubumbashi: 14° | 29° Mbabane: 15° | 20° Maseru: 10° | 25° Antananarivo: 13° | 24° Lilongwe: 17° | 29° Maputo: 21° | 26° Windhoek: 15° | 28° Cape Town: 14° | 19° Durban: 18° | 19° Johannesburg: 17° | 25° Dar es Salaam: 23° | 30° Lusaka: 19° | 29° Harare: 15° | 28° Economic Indicators: Currency: GBP to NAD 23 | EUR to NAD 19.82 | CNY to NAD 2.55 | USD to NAD 18.41 | DZD to NAD 0.14 | AOA to NAD 0.02 | BWP to NAD 1.31 | EGP to NAD 0.38 | KES to NAD 0.14 | NGN to NAD 0.01 | ZMW to NAD 0.68 | ZWL to NAD 0.04 | BRL to NAD 3.56 | RUB to NAD 0.2 | INR to NAD 0.22 | USD to DZD 134.06 | USD to AOA 834.06 | USD to BWP 13.6 | USD to EGP 47.35 | USD to KES 130.98 | USD to NGN 1439.8 | USD to ZAR 18.44 | USD to ZMW 26.75 | USD to ZWL 321 | Stock Exchange: JSE All Share Index 78464.25 Up +1.19% | Namibian Stock Exchange (NSX) Overall Index 1754.6 Up +1.22% | Casablanca Stock Exchange (CSE) MASI 13527.01 Up +0.36% | Egyptian Exchange (EGX) 30 Index 26003.16 Up +0.05% | Botswana Stock Exchange (BSE) DCI Same 0 | NSX: MTC 7.75 SAME | Anirep 8.99 SAME | Capricorn Investment group 17.34 SAME | FirstRand Namibia Ltd 49 DOWN 0.50% | Letshego Holdings (Namibia) Ltd 4.1 UP 2.50% | Namibia Asset Management Ltd 0.7 SAME | Namibia Breweries Ltd 31.49 UP 0.03% | Nictus Holdings - Nam 2.22 SAME | Oryx Properties Ltd 12.1 UP 1.70% | Paratus Namibia Holdings 11.99 SAME | SBN Holdings 8.45 SAME | Trustco Group Holdings Ltd 0.48 SAME | B2Gold Corporation 47.34 DOWN 1.50% | Local Index closed 677.62 UP 0.12% | Overall Index closed 1534.6 DOWN 0.05% | Osino Resources Corp 19.47 DOWN 2.41% | Commodities: Gold US$ 2 360.52/OZ UP +0.59% | Copper US$ 4.62/lb UP +1.13% | Zinc US$ 2 961.00/T DOWN -0.06% | Brent Crude Oil US$ 83.21/BBP DOWN -0.0171 | Platinum US$ 995.62/OZ UP +1.05%