PDM’s Venaani warns Public Enterprises bill could undermine governance and investor confidence

Popular Democratic Movement (PDM) leader McHenry Venaani has raised concerns over the proposed Public Enterprises Governance Amendment Bill, warning it could erode good governance and deter investors.

The bill would grant the Prime Minister broad powers over state-owned enterprises, including authority over appointments and budget allocations. Venaani cautioned that such powers risk politicizing public institutions and weakening their independence.

He urged Parliament to either reject the legislation or amend it to safeguard transparency and accountability in Namibia’s public sector.