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SUPPORT US: Namibia Local Business Association vice-president, Kanu Amadhila.
SUPPORT US: Namibia Local Business Association vice-president, Kanu Amadhila.

Naloba accuses govt of neglecting businesses

Amadhila blasts 'laissez-faire approach’ to business
During an explosive interview, the Naloba vice-president took aim at government's lackadaisical approach to supporting businesses and Cabinet members clinging to the reins of power.
Ogone Tlhage
The Namibia Local Business Association (Naloba) has accused government of not coming to the party where small- and medium-sized businesses are concerned, saying the lack of support is impacting the private sector’s ability to spur the economy.

The comments were made by the business lobbying group's vice-president Kanu Amadhila during a recent sit-down on The Evening Review.

He blasted government’s ‘laissez-faire approach’ to business, saying it’s the reason businesses are going under.

“Local business people have got no more businesses, especially from the Covid-19 pandemic. A lot of businesses collapsed and they continue to collapse, and we feel a need for intervention and support from government,” Amadhila said.

Despite the existence of support mechanisms from government, they are too few and far in between to save businesses from certain failure, he said.

Feeling the pinch

Small and medium enterprises (SMEs) are especially feeling the pinch, Amadhila said.

“A lot of enterprises - from small to large - are collapsing because there is no government initiative to revive them. Some say there are revival plans and funds made available by government, but they never reach local businesses. There are question marks regarding who benefitted,” he added.

According to him, the economy would thrive if government played a more active role in creating a conducive business environment.

“Anything comes with the support of government. In any successful economy, it’s only applicable when government is there,” he said.

Business are not growing at the expected pace, Amadhila added.

“A lot of business people are parked because they lack support. They will not go up, they will not go down, because they need support.”

‘Dictators’

The association’s vice-president also took aim at politicians who have been serving in Cabinet since independence, saying their attitude was akin to that of dictators.

“We are happy with the political rotation of our head of state, but there is a chronic disease of parliamentarians who have been serving two, three previous governments.

“Those people are dictators. If the term of the head of state comes to an end, that Cabinet must also come to an end,” he said.

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Namibian Sun 2024-11-10

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Premier League: Liverpool 2 vs 0 Aston Villa | Brighton 2 vs 1 Manchester City | Wolves 2 vs 0 Southampton | West Ham 0 vs 0 Everton | Crystal Palace 0 vs 2 Fulham | Brentford 3 vs 2 Bournemouth Katima Mulilo: 21° | 34° Rundu: 20° | 25° Eenhana: 19° | 29° Oshakati: 22° | 30° Ruacana: 20° | 31° Tsumeb: 21° | 30° Otjiwarongo: 18° | 30° Omaruru: 16° | 31° Windhoek: 15° | 28° Gobabis: 16° | 31° Henties Bay: 12° | 19° Wind speed: 26km/h, Wind direction: S, Low tide: 04:05, High tide: 10:43, Low Tide: 17:11, High tide: 23:27 Swakopmund: 14° | 15° Wind speed: 37km/h, Wind direction: SW, Low tide: 04:03, High tide: 10:41, Low Tide: 17:09, High tide: 23:25 Walvis Bay: 12° | 21° Wind speed: 39km/h, Wind direction: SW, Low tide: 04:03, High tide: 10:40, Low Tide: 17:09, High tide: 23:24 Rehoboth: 14° | 30° Mariental: 13° | 30° Keetmanshoop: 10° | 28° Aranos: 14° | 31° Lüderitz: 14° | 24° Ariamsvlei: 11° | 29° Oranjemund: 15° | 20° Luanda: 25° | 26° Gaborone: 18° | 22° Lubumbashi: 16° | 32° Mbabane: 17° | 21° Maseru: 12° | 26° Antananarivo: 15° | 32° Lilongwe: 23° | 34° Maputo: 21° | 29° Windhoek: 15° | 28° Cape Town: 15° | 24° Durban: 18° | 20° Johannesburg: 15° | 20° Dar es Salaam: 25° | 31° Lusaka: 22° | 34° Harare: 21° | 33° Currency: GBP to NAD 22.67 | EUR to NAD 18.84 | CNY to NAD 2.45 | USD to NAD 17.58 | DZD to NAD 0.13 | AOA to NAD 0.02 | BWP to NAD 1.25 | EGP to NAD 0.35 | KES to NAD 0.14 | NGN to NAD 0.01 | ZMW to NAD 0.64 | ZWL to NAD 0.04 | BRL to NAD 3.06 | RUB to NAD 0.18 | INR to NAD 0.21 | USD to DZD 133.12 | USD to AOA 909.05 | USD to BWP 13.4 | USD to EGP 49.25 | USD to KES 129.2 | USD to NGN 1664.84 | USD to ZAR 17.59 | USD to ZMW 27.2 | USD to ZWL 321 | Stock Exchange: JSE All Share Index Same 0 | Namibian Stock Exchange (NSX) Overall Index 1851.79 Down -1.41% | Casablanca Stock Exchange (CSE) MASI 14663.22 Up +1.21% | Egyptian Exchange (EGX) 30 Index 31267.47 Up +0.72% | Botswana Stock Exchange (BSE) DCI Same 0 | NSX: MTC 7.75 SAME | Anirep 8.99 SAME | Capricorn Investment group 17.34 SAME | FirstRand Namibia Ltd 49 DOWN 0.50% | Letshego Holdings (Namibia) Ltd 4.1 UP 2.50% | Namibia Asset Management Ltd 0.7 SAME | Namibia Breweries Ltd 31.49 UP 0.03% | Nictus Holdings - 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Nam 2.22 SAME | Oryx Properties Ltd 12.1 UP 1.70% | Paratus Namibia Holdings 11.99 SAME | SBN Holdings 8.45 SAME | Trustco Group Holdings Ltd 0.48 SAME | B2Gold Corporation 47.34 DOWN 1.50% | Local Index closed 677.62 UP 0.12% | Overall Index closed 1534.6 DOWN 0.05% | Osino Resources Corp 19.47 DOWN 2.41% | Commodities: Gold US$ 2 684.46/OZ DOWN -0.0083 | Copper US$ 4.30/lb DOWN -0.027 | Zinc US$ 3 003.50/T UP 0.17% | Brent Crude Oil US$ 74.29/BBP DOWN -0.0215 | Platinum US$ 969.80/OZ DOWN -0.0274