Financial instability, compounded by low economic growth, is the biggest challenge facing municipalities in southern Africa.
The South African Local Governance Association President, Stofile Bheke, said this while addressing attendees at the Local Economic Development Indaba held at Luderitz.
Namibia recorded positive economic growth in 2022, despite the impact of adverse economic conditions.
This, according to Economist Ruusa Nandago, is largely due to a 22% increase in the mining sector.
The Mobile Telecommunications Company (MTC) achieved profitable growth and increased its infrastructure investment during 2022 as its customer-centric digital transformation strategy delivered value.
The company's revenue has grown from N$25,6 million in 2021, to N$52,9 million in 2022.
The Minister of Works and Transport, John Mutorwa, says the aviation industry is in need of a unified approach to survival and growth, following the outbreak of the COVID-19 pandemic.
The Non-banking financial sector assets have grown by 14% despite an economic downturn, which translates to N$370 billion as of December 2021.
