Monday, July 1, 2024

Namibia Problems 7-1-24

Namibia, a large and sparsely populated country on Africa's south-west coast, has enjoyed stability since gaining independence in 1990 after a long struggle against rule by South Africa. Germany took control of the area which it called South West Africa in the late 1800s. Feb 13, 2024 

In a 2021 report by the governmental Namibia Statistics Agency, multidimensional poverty was determined to affect 43% of the population, 59% in rural and 25% in urban areas.

Namibia exports diamonds and gold. Their Trade Deficit is $1.79B. Population is 2.6M. Poverty is 43%.

Comments

Like most African countries, the customers Namibia exports to are happy, their government leaders are nervous and their people are living in poverty. Their immediate existence depends on their customers continuing to order their commodities. They spend what little money they have on reducing poverty and making debt payments. They are vulnerable to outside interference by terror groups and political factions, but seem to have evaded these problems.

Norb Leahy, Dunwoody GA Tea Party Leader

 

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