Namibia has a high unemployment rate, which means that many citizens are unable to find work or have low-paying jobs. As a result of this issue, there is an unemployment insurance fund that provides payments to workers who have lost their jobs due to no fault of their own (such as layoffs).

How much is the unemployment insurance fund payout in Namibia?

The amount paid out by the unemployment insurance fund depends on whether you’re a dependant of someone who has died, or if you have sustained an illness or accident, and what type of illness/injury it was.

Takeaway:

Filing for unemployment insurance is a good option if you want to make sure that your business has enough money to keep going. It’s also a great way to ensure that the employees of your company are taken care of, even if they aren’t able to work for a while.

The amount of money given out by these funds varies from country to country, but as an example: in Namibia, people who qualify can receive an average payout of N$1 500 per month (about $110). This is not much—enough only for food and shelter—but it’s better than nothing!