insert_link Namibia Minister Shiimi Allocates N$6.8 Billion for Efficient Public Governance in 2024/25 Budget Finance and Public Enterprise minister, Iipumbu Shiimi, highlighted the allocation of N$6.8 billion to the administrative sector for the 2024/25 Financial Year during the National Budget presentation on Wednesday. This funding, constituting 7.8% of the budget, aims to support effective governance and enhance the efficiency of public services. Additionally, the Ministry of Urban and Rural Development's budget saw a substantial increase of 37.6%, reaching N$2.6 billion. Part of this allocation, […] today29 February, 2024
insert_link Business / Economics Capricorn Group releases interim financial results for the six months ended 31 December 2023 Capricorn Group, a proud Namibian financial services group listed on the Namibian Stock Exchange with diversified operations and business interests in Namibia and Botswana, released its interim financial results for the six months ended 31 December 2023 today. Capricorn Group achieved solid results with profit after tax for the six months ended 31 December 2023, increasing by 18.5% to N$827.6 million, compared to a profit after tax of N$698.2m that […] today29 February, 2024
insert_link Business / Economics Minister Shiimi Unveils N$100 Billion Budget with Focus on Development and Growth Finance and Public Enterprises Minister Iipumbu Shiimi presented a N$100 billion budget to the National Assembly for the fiscal year 2024/25, with over 20% earmarked for economic and infrastructural development. Emphasizing the theme ‘Continuing the Legacy of President Hage Geingob by Caring for the Namibian Child,’ Shiimi highlighted specific provisions for infrastructure development to address gaps and boost Namibia’s economic growth objectives. The budget allocates N$20.9 billion for FY2024/25 and […] today29 February, 2024
insert_link Namibia EXCLUSIVE INTERVIEW: Activist Rosa Namises Critiques Namibia’s National Budget and Calls for Action In a heartfelt commentary on Namibia's national budget, activist Rosa Namises expressed her disappointment, particularly regarding the anticipated increase in the old age pension. Promised by the late president, the expectation was for a substantial raise, but the reality turned out to be a mere 200 Namibian dollars. Namises questioned when and why this change occurred, emphasizing the impact it would have on the elderly population, who are already […] today29 February, 2024
insert_link Interview Transcripts EXCLUSIVE INTERVIEW: Activist Rinaani Musutua Criticizes Namibia’s National Budget and Socio-Economic Disparities In a passionate and critical address, activist Rinaani Musutua expressed deep disappointment with the recently announced national budget by Namibia's Minister of Finance, Iipumbu Shiimi. Musutua specifically highlighted the inadequate increase in the old age pension, a decision that deviates from the promises made by the late President Hage Geingob. The activist voiced concerns about growing socio-economic disparities, the lavish lifestyles of government officials, and the urgent need for […] today29 February, 2024
insert_link Business / Economics Local Economics Analyst on Namibia’s Record-Breaking N$100.1 Billion Budget Unveiled by Finance Minister Shiimi Finance and Public Enterprises Minister Iipumbu Shiimi presented Namibia's largest-ever annual budget on Wednesday, outlining a projected government spending of N$100.1 billion for the 2024/2025 financial year. Cirrus Capital economist Robert McGregor provides insights. today29 February, 2024
insert_link Health / Medical World Rare Disease Day Highlights Global Impact and Advocates for Awareness today29 February, 2024
insert_link Namibia National budget leaves Geingob’s wishes for the elderly as just wishes The announcement made by Finance minister Iipumbu Shiimi during the tabling of the national budget for 2024/25 has dimmed the hopes of many Namibians. Moreover- that of the elderly. This is according to activist Rinaani Musutua. Activist Rosa Namises also weighed in. today29 February, 2024
insert_link Namibia Controversy Surrounds Finance Minister Shiimi Over Alleged Election-Focused N$100 Billion Budget Finance Minister Iipumbu Shiimi is under scrutiny for presenting a budget accused of targeting pensioners, students, and low-income earners to sway support for the Swapo party in the upcoming elections. The N$100 billion budget, the largest in Namibia's history, is unveiled amid concerns about voter apathy and economic challenges impacting Swapo's electoral prospects. Minister Shiimi defended the budget, stressing its pro-poor focus and intention to stimulate development and infrastructure projects. today29 February, 2024
