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.

Walvis Bay Mayor Trevino Forbes says the contribution of informal businesses to the economy of the town is valued.

Forbes says it is for this reason that the municipality, together with the Erongo Regional Council, has identified a piece of land and will soon construct an open market to support informal traders.

The mayor says the population of Walvis Bay has grown exponentially as people from all corners of the country flock to the harbour town each year in search of employment opportunities.