Author: Maihapa Ndjavera (Maihapa Ndjavera )

Namibia needs a good company law that will facilitate a protective and fertile environment for economic activity. The law must, therefore, create a business environment that is attractive to the investor and the entrepreneur to stimulate economic activity in Namibia. 

Labour minister Utoni Nujoma said employment creation is a complex project which will require government to identify why it failed in creating employment, despite intentions to do so. 

The Government Institutions Pension Fund (GIPF) has invested N$5.3 billion in the domestic economy in 2022, up from N$4.8 billion in 2021.

National rail service provider TransNamib remains in a challenging financial position due to its short-term cash-flow position, as well as limited rolling stock capacity. Combined with a prolonged delay in spare parts, these factors are steadily exacerbating the rail operator’s woes. 

In November 2020, the Bank of Namibia launched a Covid-19 SME Loan Scheme with N$500 million accessible to small and medium enterprises through participating banking institutions. 

Agriculture minister Calle Schlettwein said if Namibia is serious with the agricultural sector as the driver for economic growth, then much more still needs to be done for the sector.

The Southern African Development Community extraordinary troika summit of heads of state and government yesterday discussed the political and security situations in the region.

Finance minister Iipumbu Shiimi yesterday clarified that government resolved to use a portion of its expenditure in redressing socio-economic imbalances through the granting of preferential treatment or preferences in the public procurement system.