Namibia has enjoyed an economic boom in recent years, but it’s also been plagued by chronic electricity shortages. This has had a huge impact on the country—and it’s even affected,d investors. Let’s take a look at how this dynamic impacts Namibians’ lives and finances.

1. Electricity is expensive in Namibia

The cost of electricity in Namibia is high. The average household spends about N$2000 per month on electricity and this amount is increasing by about 7% each year. This means that if you buy a N$40,000 home now, you may have to pay N$74,000 for it in 20 years time due to rising electricity costs alone!

Takeaway: how much has the electricity shortage cost investors in Namibia

How much has the electricity shortage cost investors in Namibia?

It is estimated that more than $2 billion worth of equipment has been sitting idle due to power shortages. This has led to an overall loss of about 20% in production.

Conclusion

The impact of the electricity shortage on Namibia’s economy is not going to be easy to assess. The country will have to spend a lot of money upgrading its power supply infrastructure, which will take time and resources away from other projects. The increase in demand for new equipment could also create employment opportunities for engineers and construction workers – but this could be offset by job losses if businesses are forced to close due to their inability to operate properly due to a lack of reliable power supply.