VOL. NO: 46      DATE:
 
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AFRICAN ECHO BUSINESS NEWS

Drop in Namibia’s economic ranking cause for concern'

Namibia’s continued slide down global economic rankings has sparked concern among the business community as it could deter investors, the Namibia Chamber of Commerce and Industry (NCCI) has said. Namibia dropped to 84th position from 79th last year on the WEF Global Competitiveness Report, which was recently released.

NCCI Chief Executive Officer, Tarah Shaanika, said that the organization was extremely disappointed with the continuing slide in the World Economic Forum (WEF) economic competitiveness rankings for the past three years.

Ministry of Finance Permanent Secretary, Calle Schlettwein, said in an interview that the WEF reports should be taken seriously, as they carried a lot of weight. He added that it was because of other sectors - and not necessarily the country's economic performance – why the country had slid on the annual WEF index.





 

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