Namibia heads into tightest election since independence as nation gears up for oil boom

Namibia heads to the polls in its most contested election since independence in 1990, as the ruling Swapo party faces mounting challenges. Swapo's Netumbo Nandi-Ndaitwah could become the nation's first female president, but opposition leader Panduleni Itula is a strong contender amid growing discontent over unemployment, corruption, and inequality. With an oil boom on the horizon, Namibia's next leaders must balance economic transformation with pressing social and environmental issues..Sign up for your early morning brew of the BizNews Insider to keep you up to speed with the content that matters. The newsletter will land in your inbox at 5:30am weekdays. Register here..The seventh BizNews Conference, BNC#7, is to be held in Hermanus from March 11 to 13, 2025. The 2025 BizNews Conference is designed to provide an excellent opportunity for members of the BizNews community to interact directly with the keynote speakers, old (and new) friends from previous BNC events – and to interact with members of the BizNews team. Register for BNC#7 here. .By Kaula Nhongo.Namibia, which is gearing up to become a major oil and gas producer, holds elections on Wednesday that have been billed as the most hotly contested in the arid southern African nation since it gained independence in 1990. .The South West Africa People's Organisation has dominated Namibian politics for the past 35 years, but its support has steadily slipped amid public anger over a lack of jobs, graft and high levels of inequality. Its flagbearer is Netumbo Nandi-Ndaitwah, 72, currently the deputy president, who stands to become Namibia's first female leader if she wins. .The biggest threat to the ruling party is likely to come from the four-year-old Independent Patriots for Change. Its founder Panduleni Itula, a former Swapo member who secured 29% of the vote when ran for president as an independent in 2019, is seen as the strongest of Nandi-Ndaitwah's 14 challengers..A survey published in July by research company Afrobarometer showed 76% of Namibians believed the country was heading in the wrong direction, with unemployment and corruption among the respondents' top concerns. The study showed similar levels of disgruntlement with the status quo in Botswana, where the party that ruled the country for almost six decades finished fourth in Oct. 30 elections, and in Mauritius, where an opposition coalition won all 60 parliamentary seats in a Nov. 10 vote..It is possible, albeit unlikely, that Swapo — which garnered 65.5% support in 2019 — will relinquish its parliamentary majority, according to Henning Melber, an associate at the Nordic Africa Institute at the University of Uppsala.."We witness more political contestation, with new parties challenging the dominance of Swapo," he said. "In the absence of any reliable voter surveys or polls ahead of the election, much is left to assumptions and speculation." .Read more: 🔒 Namibia prepares to become global hotspot as oil boom ignites economic transformation.The next administration will need to manage an anticipated hydrocarbon boom following recent offshore discoveries in the Orange Basin by companies including TotalEnergies SE and Shell Plc..The government expects commercial production to begin as early as 2029 and predicts the revenue will transform Namibia's economy. Opposition parties have, however, cautioned that Swapo has a poor record in managing the country's natural resources, which include diamonds and uranium, and there is a danger oil and gas proceeds may benefit a select few unless transparency and accountability are prioritized..The nation's new leaders will also have to tackle a slew of other challenges: A 43% unemployment rate; a crippling drought that has further depleted water resources in what was already sub-Saharan Africa's driest country; and a mushrooming housing crisis — the latest census reveals that almost a third of households are accommodated in shacks, up from 16% in 2011..Read More: African Outpost Namibia Ready to Become Next Global Oil Hotspot.Under Namibia's electoral system, the 96 elected seats in the National Assembly are allocated to parties in proportion to the percentage the vote they win. To secure the presidency, a candidate needs to win more than half the vote, failing which a runoff is held. The incumbent president is Nangolo Mbumba, 83, who took office in February following the death of Hage Geingob. He declined to run for a full term..Some 1.47 million people have registered to cast ballots, a 12.7% increase since the last national election five years ago. .Read also:.🔒 Namibia transforms into business tourism hotspot amid oil and gas discoveries🔒 TotalEnergies plans to quit South African offshore gas discoveries, prefers neighbouring Namibia🔒 Namibia's oil boom: Major discoveries spark exploration rush.© 2024 Bloomberg L.P.

Namibia heads into tightest election since independence as nation gears up for oil boom

Related Stories

Anti-foreigner sentiment surges as South Africa braces for unrest

Cathy Buckle: 'Go back to where you came from' Zim settlers are being told

Trump's US health aid overhaul meets reality in Mozambique

Buffett, Walton-backed African Parks focus on rhinos, expanding to 30 protected areas