{"id":50183,"date":"2023-07-29T16:52:59","date_gmt":"2023-07-29T16:52:59","guid":{"rendered":"https:\/\/www.africa-press.net\/namibia\/all-news\/uanguta-wants-economy-to-avert-natural-resource-curse"},"modified":"2023-07-29T17:27:57","modified_gmt":"2023-07-29T17:27:57","slug":"uanguta-wants-economy-to-avert-natural-resource-curse","status":"publish","type":"post","link":"https:\/\/www.africa-press.net\/namibia\/all-news\/uanguta-wants-economy-to-avert-natural-resource-curse","title":{"rendered":"Uanguta wants economy to avert natural resource curse"},"content":{"rendered":"

Africa-Press – Namibia. <\/strong><\/span>The deputy governor of the Bank of Namibia, Ebson Uanguta, said that Namibia needs to avert the natural resources curse that has befallen many oil-producing economies that did not set appropriate public policies and didn\u2019t sufficiently prepare their public services to weather the storms associated with being an oil-producing economy.<\/p>\n

The BoN deputy governor said this during the 2023 Africa Public Service Day Commemoration this week in Katima Mulilo. The event celebrated the role of public service servants in the country as an undisputable gateway and engine of a country\u2019s pathway toward development.<\/p>\n

Uanguta addressed three fundamental issues, namely the implementation of the Africa Continental Free Trade Area (AfCFTA), the economic developments on the horizon for Namibia, and their implications for the quality of public services.<\/p>\n

\u201cThe Zambezi region is a significant trading point for Namibia as it is connected to four neighbouring countries and hosts two key border posts, namely the Wenela and Ngoma border posts. Consequently, this region is the integral gateway connecting Namibia to Africa and will be critical as we forge ahead not only to maximise the benefits available to Namibia through the AfCFTA but broadly pursue deeper regional integration,\u201d Uanguta stated.<\/p>\n

He added that the trade between Namibia and Zambia facilitated through the Trans-Caprivi route has grown substantially, with Namibian imports increasing from 1% in 2014 to about 24% in 2019.<\/p>\n

\u201cAfCFTA represents a significant opportunity that we should not let pass by. This trade agreement strives to eliminate or, at the very least, reduce tariff and non-tariff barriers among the 55 African countries. As such, it allows Namibia to access Africa\u2019s market of approximately 1.2 billion people,\u201d he stated.<\/p>\n

This, Uanguta said, will not just give the Namibian private sector a chance to thrive, increase domestic economic activity, reduce poverty and inequality, and create jobs, but also face challenges such as meeting diverse demands and quality requirements. \u2013 Nampa<\/p>\n

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

Africa-Press – Namibia. The deputy governor of the Bank of Namibia, Ebson Uanguta, said that Namibia needs to avert the natural resources curse that has befallen many oil-producing economies that did not set appropriate public policies and didn\u2019t sufficiently prepare their public services to weather the storms associated with being an oil-producing economy. The BoN […]<\/p>\n","protected":false},"author":84,"featured_media":50181,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2,5,7],"tags":[234,236,233],"class_list":["post-50183","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-all-news","category-economy","category-head-lines","tag-africa-press","tag-africa-press-namibia","tag-namibia"],"yoast_head":"\nUanguta wants economy to avert natural resource curse - Namibia<\/title>\n<meta name=\"description\" content=\"The deputy governor of the Bank of Namibia, Ebson Uanguta, said that Namibia needs to avert the natural resources curse ...\" \/>\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\/uanguta-wants-economy-to-avert-natural-resource-curse\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Uanguta wants economy to avert natural resource curse\" \/>\n<meta property=\"og:description\" content=\"The deputy governor of the Bank of Namibia, Ebson Uanguta, said that Namibia needs to avert the natural resources curse ...\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.africa-press.net\/namibia\/all-news\/uanguta-wants-economy-to-avert-natural-resource-curse\" \/>\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=\"2023-07-29T16:52:59+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2023-07-29T17:27:57+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/static.africa-press.net\/nambia\/sites\/29\/2023\/07\/sm_1690639043.390882.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1600\" \/>\n\t<meta property=\"og:image:height\" content=\"1066\" \/>\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\/uanguta-wants-economy-to-avert-natural-resource-curse#article\",\"isPartOf\":{\"@id\":\"https:\/\/www.africa-press.net\/namibia\/all-news\/uanguta-wants-economy-to-avert-natural-resource-curse\"},\"author\":{\"name\":\"cfeditoren\",\"@id\":\"https:\/\/www.africa-press.net\/namibia\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb\"},\"headline\":\"Uanguta wants economy to avert natural resource curse\",\"datePublished\":\"2023-07-29T16:52:59+00:00\",\"dateModified\":\"2023-07-29T17:27:57+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/www.africa-press.net\/namibia\/all-news\/uanguta-wants-economy-to-avert-natural-resource-curse\"},\"wordCount\":330,\"commentCount\":0,\"image\":{\"@id\":\"https:\/\/www.africa-press.net\/namibia\/all-news\/uanguta-wants-economy-to-avert-natural-resource-curse#primaryimage\"},\"thumbnailUrl\":\"https:\/\/static.africa-press.net\/nambia\/sites\/29\/2023\/07\/sm_1690639043.390882.jpg\",\"keywords\":[\"africa press\",\"Africa Press-Namibia\",\"namibia\"],\"articleSection\":[\"all news\",\"economy\",\"head lines\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/www.africa-press.net\/namibia\/all-news\/uanguta-wants-economy-to-avert-natural-resource-curse#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.africa-press.net\/namibia\/all-news\/uanguta-wants-economy-to-avert-natural-resource-curse\",\"url\":\"https:\/\/www.africa-press.net\/namibia\/all-news\/uanguta-wants-economy-to-avert-natural-resource-curse\",\"name\":\"Uanguta wants economy to avert natural resource curse - 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