Africa-Press – Namibia. Minister of urban and rural development James Sankwasa says the role of informal traders in Namibia is undeniably significant.
They are the backbone of many local economies, contributing substantially to job creation and providing essential goods and services to communities, he says.
Sankwasa, who said this in a speech read on his behalf at the official inauguration of the B! Open Market at Keetmanshoop on Friday, said informal trading plays a vital role in addressing critical issues such as hunger and poverty – particularly in underserved areas.
Sankwasa said it is imperative that the country creates an environment conducive to informal traders thriving, even amid challenging economic circumstances, where informal and formal traders alike can operate with dignity, safety and stability.
“This includes providing access to appropriate infrastructure, such as this very market, as well as access to finance, training and support services,” he said.
Sankwasa said by investing in the success of informal traders, the country is investing in the economic well-being of the whole nation, adding that the open market is a symbol of the ministry’s commitment to supporting informal traders’ endeavours.
“It is always a moment of progress and pride when we gather to witness the opening of a development that directly uplifts our people. This open market is more than a celebration of infrastructure; it is the realisation of a shared vision for dignity, opportunity and inclusive economic growth,” he said.
Sankwasa said his ministry remains steadfast in its commitment to improving the quality of life for all residents by promoting inclusive development and sustainable livelihoods, noting that by supporting initiatives that provide well-equipped trading facilities and improved infrastructure, the ministry continues to empower individuals, uplift communities and drive local economic growth across Namibia.
The open market was constructed as a collaboration between the ministry, the Deutsche Gesellschaft für Internationale Zusammenarbeit, and the Keetmanshoop Municipality at a cost of N$3 million.
There are 62 modern trading stalls, each equipped with essential amenities such as water, electricity, sanitation and storage facilities.
“These are not merely physical structures; they are transformative platforms that support more than 60 families and their dependants, contributing meaningfully to livelihoods and local economic growth,” said the minister.
For More News And Analysis About Namibia Follow Africa-Press
