{"id":15177,"date":"2022-03-18T17:08:43","date_gmt":"2022-03-18T17:08:43","guid":{"rendered":"https:\/\/www.africa-press.net\/namibia\/all-news\/mungunda-calls-for-rural-development"},"modified":"2022-03-18T17:41:03","modified_gmt":"2022-03-18T17:41:03","slug":"mungunda-calls-for-rural-development","status":"publish","type":"post","link":"https:\/\/www.africa-press.net\/namibia\/all-news\/mungunda-calls-for-rural-development","title":{"rendered":"Mungunda calls for rural development"},"content":{"rendered":"

Africa-Press – Namibia. <\/strong><\/span>Founder of Ombu Capital Vetumbuavi Mungunda yesterday said the lack of rural economic activities would lead to even more urban migration that will bring about more challenges in urban areas.<\/p>\n

\u201cIf rural economic activities remain as low as it is, Namibia will experience urban migration, which will lead to many socio-economic challenges.<\/p>\n

\u201cThere is a need to go and stimulate rural economies so that people don\u2019t have to move,\u201d Mungunda said at an economic discussion organised by Ombu Capital and focused on the rural economy.<\/p>\n

Namibia\u2019s rapid urbanisation has resulted in the mushrooming of informal settlements, which in turn puts pressure on infrastructure and the provision of basic services in urban areas. In 2020, 52% of Namibia\u2019s total population lived in urban areas and cities. The Namibia Statistics<\/p>\n

Agency says the provision of land and basic services, inadequate housing, a lack of land tenure security resulting in the mushrooming of informal settlements, inadequate basic urban infrastructure as well as a lack of capacity, are some of the challenges brought about by urbanisation.<\/p>\n

Mungunda, the former Standard Bank chief executive officer (CEO), added that key inputs in sectors which occur in the rural economy are water and electricity.<\/p>\n

But water and electricity tariffs in Namibia remain high, which hinders investments. Setting up businesses in rural areas are thus more expensive than in urban areas, which remains a challenge.<\/p>\n

\u201cWe need to push for value-addition in these areas. Agriculture sustains about 60% to 70% of livelihoods.<\/p>\n

\u201cAgriculture is one of Namibia\u2019s most important sectors, with the majority of Namibia\u2019s population dependent directly or indirectly on the agricultural sector for their livelihoods,\u201d he added.<\/p>\n

Sectors which are involved in the rural economy\u2019s contribution to the gross domestic product (GDP) has never exceeded 8%, which makes it far from being matured, Mungunda observed.<\/p>\n

Ombu Capital is a newly-established Namibian business services\u2019 company, focusing on the acquisition, development and growth of businesses in the technology, agri-business, tourism and manufacturing sectors.<\/p>\n

At the same occasion, finance minister Iipumbu Shiimi said there is a need to commercialise activities in the rural economy, given its significance to the entire economy.<\/p>\n

\u201cThe rural economy supports a significant number of the population. It contributes to employment, but unfortunately the sector is not that productive and is unable to depend on its own.<\/p>\n

\u201cMuch of the income comes from subsistence farming. Productivity in the rural economy is very low,\u201d added Shiimi.<\/p>\n

For More News And Analysis About Namibia<\/a> Follow Africa-Press<\/a><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"

Africa-Press – Namibia. Founder of Ombu Capital Vetumbuavi Mungunda yesterday said the lack of rural economic activities would lead to even more urban migration that will bring about more challenges in urban areas. \u201cIf rural economic activities remain as low as it is, Namibia will experience urban migration, which will lead to many socio-economic challenges. […]<\/p>\n","protected":false},"author":84,"featured_media":15176,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2,5,8,16],"tags":[234,236,233],"class_list":["post-15177","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-all-news","category-economy","category-homepage-english","category-twitter","tag-africa-press","tag-africa-press-namibia","tag-namibia"],"yoast_head":"\nMungunda calls for rural development - Namibia<\/title>\n<meta name=\"description\" content=\"Founder of Ombu Capital Vetumbuavi Mungunda yesterday said the lack of rural economic activities would lead to even more ...\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.africa-press.net\/namibia\/all-news\/mungunda-calls-for-rural-development\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Mungunda calls for rural development\" \/>\n<meta property=\"og:description\" content=\"Founder of Ombu Capital Vetumbuavi Mungunda yesterday said the lack of rural economic activities would lead to even more ...\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.africa-press.net\/namibia\/all-news\/mungunda-calls-for-rural-development\" \/>\n<meta property=\"og:site_name\" content=\"Namibia\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/AfricaPressTunisiaa\" \/>\n<meta property=\"article:published_time\" content=\"2022-03-18T17:08:43+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2022-03-18T17:41:03+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/static.africa-press.net\/nambia\/sites\/29\/2022\/03\/img-6234c41ad27ae.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"720\" \/>\n\t<meta property=\"og:image:height\" content=\"424\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"cfeditoren\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"cfeditoren\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/www.africa-press.net\/namibia\/all-news\/mungunda-calls-for-rural-development#article\",\"isPartOf\":{\"@id\":\"https:\/\/www.africa-press.net\/namibia\/all-news\/mungunda-calls-for-rural-development\"},\"author\":{\"name\":\"cfeditoren\",\"@id\":\"https:\/\/www.africa-press.net\/namibia\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb\"},\"headline\":\"Mungunda calls for rural development\",\"datePublished\":\"2022-03-18T17:08:43+00:00\",\"dateModified\":\"2022-03-18T17:41:03+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/www.africa-press.net\/namibia\/all-news\/mungunda-calls-for-rural-development\"},\"wordCount\":418,\"commentCount\":0,\"image\":{\"@id\":\"https:\/\/www.africa-press.net\/namibia\/all-news\/mungunda-calls-for-rural-development#primaryimage\"},\"thumbnailUrl\":\"https:\/\/static.africa-press.net\/nambia\/sites\/29\/2022\/03\/img-6234c41ad27ae.jpg\",\"keywords\":[\"africa press\",\"Africa Press-Namibia\",\"namibia\"],\"articleSection\":[\"all news\",\"economy\",\"homepage-english\",\"twitter\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/www.africa-press.net\/namibia\/all-news\/mungunda-calls-for-rural-development#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.africa-press.net\/namibia\/all-news\/mungunda-calls-for-rural-development\",\"url\":\"https:\/\/www.africa-press.net\/namibia\/all-news\/mungunda-calls-for-rural-development\",\"name\":\"Mungunda calls for rural development - 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