Nedbank urges economic players to work with Govt for economic revival

March 16, 2023

Nedbank Namibia's Managing Director Martha Murorua has urged all players in the Namibian economy to align their efforts with government initiatives to revive the economy. 

Speaking at a recent economic discussion at Swakopmund, Murorua emphasised the importance of understanding the government's financial priorities and the role that businesses can play in achieving the common goal of seeing the people of Namibia prosper. 

"As we are all players in the Namibian economic environment, it is integral for us to familiarize ourselves with what our government, through the ministry of finance, is financially prioritizing, so that we also understand what role we can play in that one thing that is common for all of us: to see the people of our country prosper," said Murorua. 

Murorua said Nedbank Namibia is committed to being a socially responsible financial institution that seeks to have a positive impact on Namibian society. 

"Our purpose at Nedbank Namibia, of being money experts who do good, correlates really well to the theme of the National Budget, and we fully support the government’s commitment to reducing poverty and inequality. Our purpose also highlights that we intentionally do not only see ourselves as the money experts working in a financial institution, but our quest is only complete when we take our expertise and use them for the betterment of our society," said Murorua. 

The call for alignment with government initiatives comes as the Minister of Finance and Public Enterprises, Ipumbu Shiimi, recently delivered the budget statement for the country. 

In his speech, Shiimi emphasised the need for sustained policy reforms to improve the ease of doing business, boost business confidence, and entrench policy certainty. 

Shiimi also noted that the government will pursue inclusive tax policy and administration reforms to balance investment promotion and revenue generation for fiscal sustainability, with the local economy expected to grow by 4% in 2022 and 3.2% this year.

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Last modified on Friday, 17 March 2023 14:40

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