Oshikango’s economy still limping
… shops closed, hundreds unemployed
By Marx Itamalo at Oshikango
JOSEPH Ndemuweda sits under a thorn tree with two others, with 5-litre containers with oil smuggled from neighbouring Angola. They are seated along the Odibo-Oshikango dirt road waiting for motorists to buy their petrol.
They say it is their only way of survival since the Angola economy took a hard knock in July 2015 when the Kwanza lost ground against the US dollar and took with it the whole Angolan economy amid falling oil prices and strapped government finances, which also affected the economy of the Namibian border town of Oshikango which depended nearly entirely on Angolan petro-dollars.
For full story read this week’s edition.