In cooperation with the UN in Namibia, the Bank of Namibia, the Ministries of Labour, Industrial Relations, Employment Creation, Industrialization, and Trade intend to conduct a study to comprehend the informal economy and its diversity, pinpoint solutions for related problems, and highlight opportunities for interventions.
Informal employment in Namibia has significant implications for people, enterprises, and the country's economy and social development.
"The informal economy plays a vital role in the livelihoods of many Namibians. It encompasses a diverse range of activities, from street vending to small-scale agriculture, and it touches the lives of countless individuals and families. It is a source of income, employment, and resilience for many, says Labour Minister Utoni Nujoma.
He added that the ministry recognises the pivotal role of labour and employment services in ensuring effective labour and employment services as well as social protection for workers in the informal economy.
The United Nations Resident Coordinator, Hopolang Phororo, says improving the informal economy will make a dent in developmental challenges.