Finance Minister, Ipumbu Shiimi tables 2024/25 national budget

Finance Minister, Ipumbu Shiimi tables 2024/25 national budget

Finance Minister Ipumbu Shiimi has tabled the National Budget for the 2024/25 period in the National Assembly this afternoon. Shiimi said that this year’s budget was built on the three pillars of stimulating domestic demand, accelerating investments in productive public infrastructure, and cultivating fiscal prudence. Revenue estimates for FY2023/24 have been revised upwards by N$2.5 billion to a total of N$81.1 billion. Old Age Grant and the Disability […]

February 28, 2024 54

Business / Economics

Civil Society weighs in on 2024/25 national budget anticipation

Following a meeting last year between the Minister of Finance and Public Enterprises Ipumbu Shiimi and Civil Society organisations about the 2024/25 Budget, we asked the Executive Director of the Institute for Public Policy Research, Graham Hopwood about his expectations.

February 28, 2024 14

Business / Economics

Budget Statement for the 2024/25 Financial Year

Introduction Honourable Speaker, Honourable Members of Parliament, Fellow Namibians, I have the distinct honour this afternoon to table before the National Assembly the budget proposals for the FY2024/25 and the Medium Term Expenditure Framework for FY2024/25 – FY2026/27 under the theme “continuing the legacy of His Excellency Dr. Hage G. Geingob by caring for the Namibian child”. Before I delve into the details of the budget, I would like to […]

February 28, 2024 144

Business / Economics

Mining Focus – 27 February 2024

The Ministry of Mines and Energy's Chief Public Relations Officer, Ten Hasheela, tells us more about their online fraud portal. https://iono.fm/e/1410558

February 28, 2024 8

Business / Economics

Market Watch – 27 February 2024

Michelle speaks to Agribank of Namibia Economist, Indileni Namghonga about what we can expect in this year's budget. https://iono.fm/e/1410557

February 28, 2024 18

Business / Economics

The Alexforbes Namibia Lead Story – 27 February 2024

David finds out more about the upcoming Namibian trial of the 4 Day Work Week from Country Representative, Jonas Ileka. https://iono.fm/e/1410552

February 28, 2024 39

Business / Economics

28 February 2024 Morning Biz News: Economic Highlights: Lepidico’s Cost Reduction, Rand’s Resilience, and Global Market Trends

In the ever-evolving landscape of global finance, several key developments have emerged, impacting various sectors. In this article, we delve into recent updates surrounding Lepidico's Karibib project, the resilience of South Africa's rand, fluctuations in oil prices, and the stability of the U.S. dollar. Additionally, we provide a snapshot of the latest financial indicators shaping the economic landscape. Lepidico's Karibib Project Sees Significant Cost Reduction: Lepidico has announced a noteworthy […]

February 28, 2024 7

Business / Economics

Minister of Finance to Present National Budget Amid Grey-Listing and High Debt Figures

All eyes turn to Minister of Finance Ipumbu Shiimi as he presents the national budget this afternoon. Namibia, grey-listed by the Financial Action Task Force, faces scrutiny alongside elevated debt figures. UNAM economics lecturer, Dr. Omu Kakujaha-Matundu, provides his view on this.

February 28, 2024 28

Business / Economics

WTO urges reform amid global economic challenges

The World Trade Organization pushed for reform at a high-level ministerial meeting in Abu Dhabi on Monday, warning that economic headwinds and geopolitical tensions are threatening global commerce and multilateral trading systems. The WTO's 13th ministerial conference, scheduled to run until Thursday in Abu Dhabi, the capital of the United Arab Emirates, is the first in two years. The AFP news agency reports that the WTO is hoping for progress, […]

February 27, 2024 15