insert_link Business / Economics NIDA Reports N$3 Billion in Assets in First-Ever Annual Report The Industrial Development Agency released its first annual report since its establishment in 2018, revealing asset management worth N$3 billion. NIDA Board Chairperson Sebulon Kankondi shared the figures, while Finance Minister Iipumbu Shiimi urged the agency to adopt a high-performance culture. NIDA CEO Richwell Lukonga : today25 February, 2025
insert_link Interview Transcripts Interview: Musutua Slams Shiimi Over Lack of Action on Poverty Activist Rinaani Musutua has taken a firm stance against Finance Minister Iipumbu Shiimi, condemning what she calls decades of unfulfilled promises regarding poverty eradication and unemployment in Namibia. Musutua argues that the government’s approach to social grants has been ineffective, particularly criticizing targeted programs such as the Conditional Basic Income Grant, which she refers to as a rebranded Harambee cash grant. She insists that such measures fail to make a […] today17 February, 2025
insert_link Namibia Musutua Blasts Shiimi Over Poverty Crisis, Demands Universal Grant Activist Rinaani Musutua has taken aim at Finance Minister Iipumbu Shiimi, accusing the government of continuously making empty promises while failing to tackle Namibia’s deepening poverty crisis. Musutua argues that the only viable solution is the implementation of a Universal Basic Income Grant, which she believes would provide meaningful financial relief to struggling citizens. In the interim, Ben Schernick, Director of the Nutrition Alliance of Namibia, has voiced concerns over […] today17 February, 2025
insert_link Environment Government Invests in Renewable Energy for Self-Sufficiency Namibia is making major investments in renewable energy to reduce its reliance on electricity imports. Speaking in Parliament on 13 February 2025, Finance Minister Hon. Iipumbu Shiimi unveiled plans for large-scale solar and wind energy projects aimed at achieving energy independence. One Africa Tv NewsOne journalist Ellen Shihepo reports: today15 February, 2025
insert_link Business / Economics Economist Embraces Tax Amnesty Announcement During the presentation of the mid-term budget, Finance minister,Iipumbu Shiimi, announced the extension of the tax amnesty programme until October 31, 2026. It was originally set to expire today. Economist Gabriel Erastus provided his insights on the announcement. today31 October, 2024
insert_link Namibia Absence Of Lawmakers Criticized as Midterm Budget Review Postponed Again Disappointment was expressed by Parliamentarians over lawmakers' repeated failure to attend the midterm budget review, which has now been postponed for the second time. Finance Minister Iipumbu Shiimi stated that while budget allocations will remain the same, resources will be redirected to ministries facing urgent needs. Manuel Ngaringombe from the Popular Democratic Movement: From the Landless People's Movement, Lifalaza Robert-Prince Simataa: today30 October, 2024
insert_link Namibia National Assembly postpones Mid-Year Budget Review Finance Minister Iipumbu Shiimi could not deliver the 2024/25 Mid-Year Budget Review this afternoon as the National Assembly lacked the required quorum. The session was postponed to Tuesday, 29 October 2024. The mid-year review seeks to evaluate the country's economic progress and fiscal strategies, with a focus on debt management and economic recovery. today28 October, 2024
insert_link Business / Economics 2 August 2024 Morning Biz News: Namibia Lifts Vehicle Acquisition Ban, Tiger Brands Expands in South Africa, Currency Fluctuations Impact Global Markets Government Lifts Ban on Vehicle Acquisitions Finance Minister Iipumbu Shiimi announced that the Namibian government has lifted the five-year ban on acquiring new vehicles for ministers and government employees. This moratorium, initially imposed by the late President Hage Geingob in 2020, follows a previous halt in 2015 by former Finance Minister Calle Schlettwein as part of austerity measures. The move marks a significant policy shift and could lead to increased […] today2 August, 2024
insert_link Namibia Not Planning to Introduce Sugar Tax, Says Finance Minister Shiimi The Finance and Public Enterprises Minister, Iipumbu Shiimi has confirmed that Namibia has no plans to implement a sugar tax, despite its potential to generate additional revenue says The Brief. Shiimi stated that an impact assessment is needed to understand the effects on various stakeholders before making any decision. While other SADC countries have adopted the sugar tax to increase revenue and combat health issues like diabetes and obesity, Namibia […] today18 July, 2024
