Author: Maihapa Ndjavera (Maihapa Ndjavera )

NANGULA Uaandja, the CEO of the Namibia Investment Promotion and Development Board, says the 2024/25 budget represents a pivotal move in sculpting a thriving Namibian economy and reaffirming the government’s commitment to inclusive prosperity. 

Last month, deputy governor of the Bank of Namibia Ebson Uanguta was seconded as interim managing director to the National Petroleum Corporation of Namibia (Namcor). 

Lawmaker Maximalliant Katjimune of the Popular Democratic Movement said around 70% of small and medium enterprises are estimated to fail almost immediately upon commencement of operations. 

Finance and Public Enterprises Minister Iipumbu Shiimi stunned friends and foe yesterday when he unveiled a N$100.1 billion national budget. The budget represents an increase of 12.4% from the revised estimates of the preceding year.

As finance minister Iipumbu Shiimi prepares to table the 2024/25 budget in the National Assembly today, analysts have called for tax exemption for lower-income groups and general tax relief.

​​​​​​​Ineffective implementation of compliance with international anti-money laundering (AML), combatting the financing of terrorism (CFT), and combatting proliferation financing (CPF) standards have led to Namibia being greylisted by the Financial Action Task Force (FATF).

City of Windhoek CEO Moses Matyayi has assured the City’s stakeholders, partners, and the residents that for now and in the foreseeable future, the capital city is “a going concern”.

IN the face of escalating public debt, it is imperative for Namibia to focus on specific industries that can drive repayment obligations. According to economic commentators, the country’s excessive public debt remains a major concern in the medium-term.

Preliminary indications reveal that Namibia passed the technical compliance test to avoid being greylisted and made progress in five out of the 11 immediate outcomes on the effectiveness test.

As finance minister Iipumbu Shiimi prepares to table the 2024/25 budget in the National Assembly next week, rampant youth unemployment is still expected to weigh heavily on the mind of the former central bank governor.