Namibia Food and Drink Report Q4 2014

Namibia Food and Drink Report Q4 2014

Published: August 2014
Publisher: BMI Research
Product ref: 219727
Pages: 44
Format: PDF
Delivery: Immediate download

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The dominant issue surrounding Namibia remains the devastating effects of the 2013 drought, which was
one of the area's worst for decades. According to the Food and Agriculture Organization, an estimated
780,000 people are food insecure as a result of the drought, of which about 331,000 are in need of
assistance. Moreover, food security conditions are expected to deteriorate slightly in the country over the
coming months. Although the government is trying to address the most immediate concerns, household
incomes will be adversely affected by these conditions.

Despite Namibia having relatively high per capita incomes of USD5,248 in 2013, the country's income
distribution is among the worst in the world. While unemployment remains high (estimated by the World
Bank at 40%), poverty has been on a downward trend for more than a decade. The Fourth National
Development Plan (launched in 2012) aims to tackle these problems with a programme designed to run until
2017. However, the country's relatively small population and rising concerns about a looming energy crisis
make Namibia less attractive than a number of other Sub-Saharan African countries for growth-seeking
multinational food and drink companies.

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By sector: General drinks

By market: Namibia (in Africa)

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