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Namibia is a country on the south-western coast of Africa and is bordered by Angola to the north, Zambia to the north-east, Botswana to the east and South Africa to the south-east. The coastal desert of Namibia, the Namib, is located along Africa's Atlantic coast towards the south-west. With a small population of approximately 2.5 million inhabitants, it is characterised by arid lands.
In terms of the economy, it is closely linked to South Africa, and according to World Bank reports, Namibia is classified as an upper middle income country which can sustain itself economically although it still has severe social imbalances with GDP dropping significantly from 35% in 2014/5 to 29.4% in 2019/20. It is also known to be one of the most unequal countries in Sub-Saharan African region with a Gini Co-efficient of 0.7.
About 78% of Namibian adults are financially included and are served either through commercial, non-bank formal ways and informal financial mechanisms (FINMARK TRUST).