WATCH: Geingob says Namibia not financially crippled

2016-02-10 11:08

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Windhoek - Namibian President Hage Geingob has dismissed rumours that his government is broke, insisting that Namibia's economic outlook remained promising, local newspaper The Namibian has reported.

Speaking during a parliamentary sitting on Tuesday, Geingob played down claims by economic analysts that the country was financially crippled and promised to build on Namibia's legacy of fiscal discipline and prudence.

According to an All Africa report, Geingob described the state of the nation as sound, refuting suspicions that it may be facing an economic meltdown.

Geingob has previously been accused of exorbitant expenditure, with many blaming the country's weak economy on Geingob's lavish business trips, expanding ministries, and massive amounts being spent on infrastructure.

According to a previous News24 report, it was revealed that Geingob had spent more than $2.4m on travel allowances in 2015 alone, while also claiming that he did not know how much he earned.

Geingob has since referred to 2016 as the year of implementation, urging all those in government to implement poverty-eradication plans and focus on the needs of the Namibian public.

Watch part of Geingob's address below:

Video courtesy of NBC News


Read more at The Namibian


Read more on:    hage geingob  |  namibia  |  southern africa

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