Namibia. According to CountryAAH, major public holidays in Namibia include Independence Day (March 21) and New Year (January 1). The South African bank and insurance company Old Mutual announced plans for the largest transfer to date in N. of financial influence to the black population. Assets worth approximately SEK 300 million. will be transferred to employees, locally run companies, women’s organizations and church groups. About 13% of the company’s operations in the country are expected to go into local ownership and around a quarter of a million Namibians are expected to benefit from the transaction.
Internationally, most notable was N. for the fact that American movie stars Angelina Jolie and Brad Pitt chose to have their first child born there. Both hotel owners and government agencies made great efforts to protect the stars’ privacy from the celebrity photographers who flocked around them.
The country’s economy remains heavily dependent on mining, almost all processed consumer goods must be imported, and although 70% of the population lives directly or indirectly on agriculture, this sector contributes only 10% of the country’s GDP. At the same time, the country in the fisheries sector faces a significant problem in the form of an international invasion of fishing boats in its territorial area. This has brought to light the dispute with South Africa about the fishing borders, while Namibia’s poor military strength makes it difficult to solve the problem.
In 91, the Nujoma government signed an agreement with the United States on the implementation of a military training and education program, which was to secure the officers of the new army free military professional training. In December of that year, Secretary of Defense Peter Muesiniange traveled to Brazil for advice on building a new air force in accordance with modern guidelines.
Despite its pittance, Namibia decided to play a crucial role in southern Africa. In early 91, the country’s president decided to give $ 3 million to the ANC. They were handed over to Nelson Mandela when he visited the country on 31 January. At the same time, the democratization of South Africa and peace in Angola could pave the way for significant economic development in Namibia within the framework of regional cooperation.
In September, an agreement was reached with South Africa on joint administration of the strategically important port of Walvis Bay. The agreement also stipulated that the southern border between the two countries should cross the Orange River. This should reduce the armed clashes between the two countries in this area. The following month, Namibia opened a trading office in Pretoria, and in November, customs stations were established at the border crossings against Zambia in an attempt to curb the black exchange and drug smuggling. The same month, the government launched an investigation into allegations that the parties opposing independence were subsidized by Pretoria. The scandal prevented, among other things, that the DTA – which was one of the suspected parties – could gather under the leadership of Mishae Muyongo.
On December 11, SWAPO held its first congress in freedom and decided to double its efforts to develop political and economic relations with the world community and especially with the countries of the Third World. On the same occasion, Nujoma was re-elected as party president.
In 92, Namibia and South Africa agreed that Walvis Bay should be fully entrusted with Namibia in 94. In 93, Parliament’s second chamber – the National Council – began its work. In 94 a new land law was passed, which included aimed to reduce the concentration of property as 1% of the population owned about 75% of the land in the country. In December of that year, Sam Nujoma was re-elected president with 70% of the vote. However, after internal disagreement, part of the party broke out in May 95, forming the SWAPOJ.
The economy grew by 94%, while the expectation of 95 was 3%. The unemployment rate was 38%. In 96, the government agreed with its South African counterpart to clear the portion of Namibia’s debt to South Africa that had been built up before independence in 1990. At the same time, Nujoma committed to investing in South Africa. Faced with a trade deficit, the President decided to emphasize increasing exports, diversifying the economy and creating new jobs.