The Namibia Chamber of Commerce and Industry (NCCI) say rising fuel prices are eroding the competitiveness of local businesses as they are adding to the cost of doing business in an already depressed economy.
According to the chamber, the transport industry has been the worst hit by fuel price increases.
The IJG Business Climate Monitor improved to 50.99 points in February, the Institute of Public Policy Research said this week.
Minister of Finance, Calle Schlettwein, tried his best to revive the ailing economy in a year in which the country’s credit rating was cut to Junk by ratings agencies,
Business leaders have expressed concern over Namibia’s economic prospects, with the majority saying they are uncertain of Government’s ability to turn around the country’s economic fortunes in the short term,
Namibian model, Angelica Shida (AS) last year launched her own beauty Spa in Walvis Bay named Shida’s Beauty Spa. Her business is doing well and is loved by residents at the coast.
Namibia’s ranking on the World Bank Group’s annual Ease of Doing Business Report has improved slightly to 106 in 2017 compared to 108 last year.