Iipumbu Shiimi Budget Speech

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Namibia

Social Grants and Youth Employment Get Budget Boost

The government is increasing funding for social grants and youth employment initiatives. In his budget motivation speech, Finance Minister Hon. Iipumbu Shiimi reaffirmed the government’s commitment to supporting vulnerable communities and tackling unemployment. Shiimi announced that more funds will go towards child grants, old-age pensions, and youth employment programs to ease financial hardships. He added that these measures aim to reduce poverty and create job opportunities. Parliament Spokesperson Sackeus Kadhikwa […]

today14 February, 2025

Namibia

Namibia Strengthens Economic Recovery with SME Focus

The government is prioritizing economic recovery by investing in small and medium enterprises. During his budget motivation speech in Parliament on 13 February 2025, Finance Minister Hon. Iipumbu Shiimi highlighted efforts to support local entrepreneurs as a key strategy for growth. Finance Minister Iipumbu Shiimi says SMEs will play a critical role in Namibia’s economic recovery. Measures include funding incentives, tax relief, and business development programs to ensure that small […]

today14 February, 2025