The famous Warehouse Theatre on Tal Street in Windhoek announced its closure this week. Photo via ozy.com

Is Namibia’s austerity plan working?

Public debt is fast rising despite deep spending cuts while food prices and the number of jobless continue to rise

After three successive years of unabated economic decline and despite deep spending cuts to the public sector to reduce government expenditure, Namibia’s debt burden shows no sign of easing up.