Namibia to formalise informal sector

HomeFeaturesBusiness

Namibia to formalise informal sector

Airports Company makes N$9.4m profit
Road Safety Council fails to account for N$11million subsidy
Bank of Namibia reduces repo rate by 25 basis points

STAFF WRITER 

The Ministry of Justice and Labour Relations, and the National Planning Commission will commence work on the need to formalise Namibia’s informal sector.

This comes after the cabinet on Thursday directed the two ministries to  assess Namibia’s capacity in data collection for evidence-based policies in the transition from the informal to the formal economy to increase investments.

The cabinet also  took note of the Report and recommendations of the 113″ International Labour Conference (ILC) held in Geneva, Switzerland in June.

The ILC concluded with significant advancements in global labour standards, including a new convention on biological hazards and discussions on decent work in the platform economy. The conference also focused on promoting transitions from informal to formal work and addressing challenges related to informality. “Therefore, the Cabinet directed the Minister of Justice and Labour Relations, in consultation with the Minister of International Relations and Trade to constitute a tripartite delegation to the second World Summit for Social Development in 2025. Cabinet further directed the Minister of Justice and Labour Relations to initiate consultations leading to the submission to a competent authority for Convention C192 and R209,” read the cabinet decisions released last week.

The  Cabinet endorsed that the Minister of Justice and Labour Relations assess Namibia’s readiness in the ratification of Convention 94 on Labour Clauses (Public Contracts) to enhance good governance and promote decent work in public contracts, subject

to legal scrutiny by the Attorney-General.

Convention 94 aims to promote good governance and decent work in public contracts by ensuring fair wages, reasonable working hours, and safe working conditions for workers. 

It requires that public contracts include clauses that align with locally established prevailing pay and working conditions determined by law or collective bargaining. 

In many countries, this convention is subject to legal scrutiny, often by the Attorney-General, to ensure compliance with national laws and international standards. 

 

COMMENTS

WORDPRESS: 0
DISQUS: 0