Debating the mid-term budget review in parliament this week, opposition parties criticised finance minister Iipumu Shiimi for a lack of direction, grandstanding and paying lip service to significant challenges while also expressing concern over debt levels and corruption.
The Development Bank of Namibia (DBN) yesterday launched a business rescue programme that targets qualifying businesses financed by the bank as a possible alternative to liquidation.
The African Export-Import Bank also known Afreximbank, is keen to work with both the public and private sectors in Namibia in developing a robust pipeline of projects.
The European Union concluded a strategic partnership with Namibia on supply of sustainable raw materials and renewable hydrogen.
Namibia and Senegal joined the African Petroleum Producers’ Organisation after discoveries of oil in the country. The move will help the country learn from member states and try to avoid the resource curse that many oil rich countries struggle with.
Through the Institute for Public Policy Research (IPPR) publication, Robin Sherbourne said this year’s mid-year budget review was similar to last year’s one.nHe said it contains no major new policy announcements or surprises.
The 27th conference of the parties (COP27) to the United Nations Framework Convention on Climate Change is an event that will allow nations to collaborate on how they can implement agreed climate goals under the Paris Agreement.
Mines minister Tom Alweendo said government has not agreed and is not contemplating to build houses for Hyphen employees in Lüderitz. Hyphen is the preferred bidder for Namibia’s first large-scale vertically integrated green hydrogen project.
By the end of last month, over 300 000 warrants of arrest for traffic offenders were still to be executed.
Finance minister Iipumbu Shiimi last month stated in his mid-term budget review in the National Assembly that an allocation has been made for the national census to be undertaken in FY2023/24.