Joblessness described as a powder keg for Namibia

Joblessness continues to take its toll on Namibia and is described by some as a powder keg for social unrest if not addressed. The socio-economic pressures created by unemployment contributed to Namibia ranking 69th out of 70 economies globally in the International Institute for Management Development World Competitiveness Yearbook. The report shows Namibia slipping one spot from its previous ranking, with its overall score dropping sharply from 37.48 to 28.48. Analysts and business leaders point out that severe structural bottlenecks continue to hold back investment and growth. The findings highlight capacity constraints that delay digital and structural reforms, inefficiencies in public procurement, and the compounding socio-economic pressures of high youth unemployment and income inequality.

The post Joblessness described as a powder keg for Namibia appeared first on Future Media News.