National Housing Enterprise Faces Declining Profitability and Liquidity Challenges

The National Housing Enterprise is experiencing continued profitability challenges, with operating losses amounting to N$38.2 million in 2023, following a larger deficit of N$87.7 million in 2022. The Brief reports that the Deputy Minister of Finance and Public Enterprises, Maureen Hinda-Mbuende, highlighted significant liquidity issues affecting the organization’s ability to meet short-term obligations. Over the past five years, NHE’s gross profit has fluctuated, declining from N$334.7 million in 2019 to N$92.9 million in 2022, before rising slightly to N$104.2 million in 2023. However, the organization has recorded negative operating profits since 2020