Erongo Governor Neville Andre said that the current state of the economy will have a negative impact on regional electricity distributors in the region.

Organisers of the Discover Namibia Intra Africa Trade Expo and small business owners are hopeful that the upcoming event will boost the economy of Swakopmund.

Preparations for the event are in full swing at the Germina Shitaleni Multi-purpose Centre at Mondesa.

The fishing sector remains one of the top industries, contributing to the country's economic growth, Gross Domestic Product, and export earnings, despite hardship and a bleak financial outlook the past two years.

The Non-banking financial sector assets have grown by 14% despite an economic downturn, which translates to N$370 billion as of December 2021.

The local economy remains under immense pressure to set itself on a path of recovery. This is coupled with challenges beyond the country's reach and self-inflicted drawbacks such as the lack of policy implementation.

The Institute of Public Policy Research held a presentation on the state of the economy.

Namibia needs more people who are fearless and smart thinkers who can inspire and advise the government where it is failing the nation.