{"id":35079,"date":"2022-11-30T17:04:00","date_gmt":"2022-11-30T17:04:00","guid":{"rendered":"https:\/\/www.africa-press.net\/namibia\/all-news\/early-days-for-nandi-ndaitwahs-economic-plan"},"modified":"2022-11-30T17:47:52","modified_gmt":"2022-11-30T17:47:52","slug":"early-days-for-nandi-ndaitwahs-economic-plan","status":"publish","type":"post","link":"https:\/\/www.africa-press.net\/namibia\/all-news\/early-days-for-nandi-ndaitwahs-economic-plan","title":{"rendered":"Early days for Nandi-Ndaitwah’s economic plan"},"content":{"rendered":"

Africa-Press – Namibia. <\/strong><\/span>ECONOMIC analysts say it is still too early to comment on economic conditions should the newly elected Swapo vice president, Netumbo Nandi-Ndaitwah, become president in 2024.<\/p>\n

Will she continue with the Harambee Prosperity Plan? What does she think of the country’s oil and green hydrogen ambiitons?<\/p>\n

These are some of the questions analysts have posed.<\/p>\n

Nandi-Ndaitwah (70) was elected over the weekend as successor of the current Swapo president, Hage Geingob, for the national polls in 2024.<\/p>\n

Some economists, who preferred to remain anonymous, say this election was a restoration of economic hope, and could possibly lead to the rooting out of corruption, given Nandi-Ndaitwah’s image of integrity.<\/p>\n

Oxford Economics analyst Louw Nel, however, does not believe Nandi-Ndaitwah will be Namibia’s next president.<\/p>\n

\u201cIt would be tempting to suggest that Nandi-Ndaitwah is now set to become Namibia’s next president, but Swapo is no longer guaranteed success at the polls,\u201d he says.<\/p>\n

Nel says Nandi-Ndaitwah now has the difficult task of uniting the party \u2013 even though she will not be its actual leader \u2013 and reversing Swapo’s electoral fortunes.<\/p>\n

Over the past years, the economy has slumped, and the political party has been rocked by various corruption allegations, and various economists have over the years indicated there was no political will to change ineffective economic policies.<\/p>\n

Simonis Storm Securities analyst Theo Klein says it was still early days to comment on what Nandi-Ndaitwah could achieve, but there is hope.<\/p>\n

\u201cOne can easily be excited given the fact that the new president could potentially be a woman, and given the common perception, backed by some psychological and behavioural economics academic papers, that women tend to score better with regards to honesty, integrity, leadership capabilities and compassion,\u201d he says.<\/p>\n

Klein says based on surveys, the trust in the government has continued to decline where the top structures comprised both men and women.<\/p>\n

\u201cRegaining this trust will prove to be very difficult. It maybe easier for a woman to do so ..,\u201d he says.<\/p>\n

It is not clear whether Nandi-Ndaitwah will follow through on Geingob’s economic blueprint.<\/p>\n

\u201cThere is the uncertainty of the new presidential candidate’s economic, fiscal, and industrial policies, and an assessment thereof must first be made.<\/p>\n

\u201cFor example, would the presidential candidate support the second Harambee Prosperity Plan, or would a new economic plan be created? Would green hydrogen and oil still be supported by the government? Would Vision 2030 be a priority?<\/p>\n

\u201cWe do not know the answers to these questions, and this makes it difficult to predict what will shape our economy post 2024,\u201d Klein says.<\/p>\n

During the campaign for the Swapo vice presidency position, Nandi-Ndaitwah indicated that she intended to advance shared and balanced prosperity in a Namibian House where all feel safe.<\/p>\n

Should she take over in 2024, she would inherit a nation with a very high debt-to-gross domestic product in the region of 75%, and low economic growth.<\/p>\n

Email: [email protected]<\/p>\n

Twitter: @Lasarus_A<\/p>\n

Will she continue with the Harambee Prosperity Plan? What does she think of the country’s oil and green hydrogen ambiitons?<\/p>\n

These are some of the questions analysts have posed.<\/p>\n

Nandi-Ndaitwah (70) was elected over the weekend as successor of the current Swapo president, Hage Geingob, for the national polls in 2024.<\/p>\n

Some economists, who preferred to remain anonymous, say this election was a restoration of economic hope, and could possibly lead to the rooting out of corruption, given Nandi-Ndaitwah’s image of integrity.<\/p>\n

Oxford Economics analyst Louw Nel, however, does not believe Nandi-Ndaitwah will be Namibia’s next president.<\/p>\n

\u201cIt would be tempting to suggest that Nandi-Ndaitwah is now set to become Namibia’s next president, but Swapo is no longer guaranteed success at the polls,\u201d he says.<\/p>\n

Nel says Nandi-Ndaitwah now has the difficult task of uniting the party \u2013 even though she will not be its actual leader \u2013 and reversing Swapo’s electoral fortunes.<\/p>\n

Over the past years, the economy has slumped, and the political party has been rocked by various corruption allegations, and various economists have over the years indicated there was no political will to change ineffective economic policies.<\/p>\n

Simonis Storm Securities analyst Theo Klein says it was still early days to comment on what Nandi-Ndaitwah could achieve, but there is hope.<\/p>\n

\u201cOne can easily be excited given the fact that the new president could potentially be a woman, and given the common perception, backed by some psychological and behavioural economics academic papers, that women tend to score better with regards to honesty, integrity, leadership capabilities and compassion,\u201d he says.<\/p>\n

Klein says based on surveys, the trust in the government has continued to decline where the top structures comprised both men and women.<\/p>\n

\u201cRegaining this trust will prove to be very difficult. It maybe easier for a woman to do so ..,\u201d he says.<\/p>\n

It is not clear whether Nandi-Ndaitwah will follow through on Geingob’s economic blueprint.<\/p>\n

\u201cThere is the uncertainty of the new presidential candidate’s economic, fiscal, and industrial policies, and an assessment thereof must first be made.<\/p>\n

\u201cFor example, would the presidential candidate support the second Harambee Prosperity Plan, or would a new economic plan be created? Would green hydrogen and oil still be supported by the government? Would Vision 2030 be a priority?<\/p>\n

\u201cWe do not know the answers to these questions, and this makes it difficult to predict what will shape our economy post 2024,\u201d Klein says.<\/p>\n

During the campaign for the Swapo vice presidency position, Nandi-Ndaitwah indicated that she intended to advance shared and balanced prosperity in a Namibian House where all feel safe.<\/p>\n

Should she take over in 2024, she would inherit a nation with a very high debt-to-gross domestic product in the region of 75%, and low economic growth.<\/p>\n

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

Africa-Press – Namibia. ECONOMIC analysts say it is still too early to comment on economic conditions should the newly elected Swapo vice president, Netumbo Nandi-Ndaitwah, become president in 2024. Will she continue with the Harambee Prosperity Plan? What does she think of the country’s oil and green hydrogen ambiitons? These are some of the questions […]<\/p>\n","protected":false},"author":84,"featured_media":35078,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2,5],"tags":[234,236,233],"class_list":["post-35079","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-all-news","category-economy","tag-africa-press","tag-africa-press-namibia","tag-namibia"],"yoast_head":"\nEarly days for Nandi-Ndaitwah's economic plan - Namibia<\/title>\n<meta name=\"description\" content=\"ECONOMIC analysts say it is still too early to comment on economic conditions should the newly elected Swapo vice presid ...\" \/>\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\/early-days-for-nandi-ndaitwahs-economic-plan\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Early days for Nandi-Ndaitwah's economic plan\" \/>\n<meta property=\"og:description\" content=\"ECONOMIC analysts say it is still too early to comment on economic conditions should the newly elected Swapo vice presid ...\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.africa-press.net\/namibia\/all-news\/early-days-for-nandi-ndaitwahs-economic-plan\" \/>\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=\"2022-11-30T17:04:00+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2022-11-30T17:47:52+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/static.africa-press.net\/nambia\/sites\/29\/2022\/11\/postQueueImg_1669817789.74.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"750\" \/>\n\t<meta property=\"og:image:height\" content=\"450\" \/>\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=\"5 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\/early-days-for-nandi-ndaitwahs-economic-plan#article\",\"isPartOf\":{\"@id\":\"https:\/\/www.africa-press.net\/namibia\/all-news\/early-days-for-nandi-ndaitwahs-economic-plan\"},\"author\":{\"name\":\"cfeditoren\",\"@id\":\"https:\/\/www.africa-press.net\/namibia\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb\"},\"headline\":\"Early days for Nandi-Ndaitwah’s economic plan\",\"datePublished\":\"2022-11-30T17:04:00+00:00\",\"dateModified\":\"2022-11-30T17:47:52+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/www.africa-press.net\/namibia\/all-news\/early-days-for-nandi-ndaitwahs-economic-plan\"},\"wordCount\":960,\"commentCount\":0,\"image\":{\"@id\":\"https:\/\/www.africa-press.net\/namibia\/all-news\/early-days-for-nandi-ndaitwahs-economic-plan#primaryimage\"},\"thumbnailUrl\":\"https:\/\/static.africa-press.net\/nambia\/sites\/29\/2022\/11\/postQueueImg_1669817789.74.jpg\",\"keywords\":[\"africa press\",\"Africa Press-Namibia\",\"namibia\"],\"articleSection\":[\"all news\",\"economy\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/www.africa-press.net\/namibia\/all-news\/early-days-for-nandi-ndaitwahs-economic-plan#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.africa-press.net\/namibia\/all-news\/early-days-for-nandi-ndaitwahs-economic-plan\",\"url\":\"https:\/\/www.africa-press.net\/namibia\/all-news\/early-days-for-nandi-ndaitwahs-economic-plan\",\"name\":\"Early days for Nandi-Ndaitwah's economic plan - 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