More competitive private sector in Namibia can boost growth, jobs – World Bank

Namibia can transform its economy, create jobs, reduce inequality and recover faster from the impact of Covid-19 by deepening private sector reforms and increasing private sector participation in its renewable energy, climate-smart agribusiness, housing, and other key sectors, the ‘Namibia Country Private Sector Diagnostic (CPSD)’ report published by development finance institution the International Finance Corporation (IFC) and the World Bank states. The CPSD highlights opportunities for Namibia to attract investment and achieve sustainable private sector-driven growth. It also suggests policy reforms to encourage competition and public-private partnerships (PPPs), especially in the energy and water sectors.