insert_link Namibia Potential N$723 Million Monthly Burden on Taxpayers for Increased Pension and Disability Grants Fulfilling the late President Hage Geingob's proposal to raise Namibia's pension and disability grants from N$1,400 to N$3,000 could cost taxpayers approximately N$723 million monthly. Even with a more modest increase to N$2,000, taxpayers would still bear a monthly burden of N$482 million. The anticipation among 241,016 beneficiaries has been high, following Geingob's New Year's message expressing his hope for the increase. The Finance Minister, Iipumbu Shiimi, is expected to […] todayFebruary 28, 2024 4
insert_link Namibia Finance ministry announced Namibia’s dedication to aligning with international standards established by the Financial Action Task Force The Finance and Public Enterprises ministry has announced Namibia's dedication to aligning with international standards established by the Financial Action Task Force since December 2022. A thorough mutual evaluation spanning two years led to the adoption of the Namibia Mutual Evaluation Report by the ESAAMLG Council of Ministers on 2 September 2022. Ministry spokesperson Wilson Shikoto provides insights into this commitment. todayFebruary 22, 2024 10
insert_link Business / Economics 21st February 2024 Morning Biz News: Global Financial Snapshot: Namibia Faces Grey Listing, South Africa’s Unemployment Rises, Oil Prices Recover, and Currency Markets Shift In the realm of global finance, Namibia finds itself on the brink of grey listing due to non-compliance with international anti-money laundering standards. Despite Finance Minister Iipumbu Shiimi's reassurance that Namibia passed the technical compliance test, progress in five out of 11 effectiveness test outcomes signals a potential challenge. Out of 72 action items, 59 have been successfully addressed, leaving 13 unresolved. South Africa, on the other hand, experiences […] todayFebruary 21, 2024 10
insert_link Business / Economics Public Input Welcomed: Ministry of Finance Seeks Contributions for 2024/2025 National Budget The Finance and Public Enterprises ministry is inviting the public to share their valuable input for the upcoming 2024/2025 national budget. Wilson Shikoto, the spokesperson for the Ministry, encourages all members of the public to contribute their insights in shaping this crucial financial plan. todayFebruary 6, 2024 12
insert_link Health / Medical INTERVIEW: Youth Activist Lloyd Bock Discusses Poverty and Meeting with Finance Minister Iipumbu Shiimi on Budget Consultation In a recent conversation, Youth Activist Lloyd Bock sheds light on the upcoming budget consultation with Iipumbu Shiimi, Namibia's Finance Minister. The discussion delved into key aspects surrounding the budget, its presentation, and the underlying motives. Here's an overview of the insightful dialogue: The discussion revolves around crucial elements such as the budget, its intended audience, and the overarching purpose. According to Lloyd, the House of IPP, in collaboration with […] todayJanuary 26, 2024 25
insert_link Namibia Namibia’s Ambitious Digital Transformation to Cost N$100 Million Over Three Years Namibia's digital revolution is projected to cost approximately N$100 million over the next three years, according to Audrin Mathe, the Information Executive Director. Mathe emphasized the ongoing development of the digital strategy through consultations with end-users. The strategy is poised to guide Namibia's path into the digital realm and aligns with the mission to establish a digital government by 2030. While Mathe acknowledged the premature nature of providing exact figures […] todayJanuary 18, 2024 17
insert_link Namibia Iipumbu commends Germany for supporting the growth of small enterprises The German government, through its development and cooperation agency, GIZ, has provided equipment valued at N$3.5 million to the Ministry of Industrialisation and Trade. This support aims to bolster small business activities within the country. The contribution encompasses eight vehicles and various industrial machinery, such as an industrial rotary cutter and 3D printers. Additionally, the donation includes laptops, printers, office chairs, laser printers, and color printers. Minister of Industrialisation and […] todayDecember 15, 2023 2
insert_link Namibia Concessional loan agreement signed between Finance and Public Enterprises ministry and KfW Development Bank The Finance and Public Enterprises Ministry, alongside KfW Development Bank, have formalized an agreement for a concessional loan dedicated to funding the rehabilitation and expansion of the Gammams and Otjomuise Wastewater Treatment Plants. This project's primary goal is to enhance the current wastewater treatment capabilities and bolster Windhoek's potable water supply. Local economist Klaus Schade has provided insights on this significant development. todayDecember 14, 2023 24
insert_link Namibia Ministry of Public Enterprises intends to implement a new game plan for State-owned enterprises The Finance and Public Enterprises ministry intends to implement what it calls a new game plan aimed at enhancing the effectiveness of State-owned enterprises, with a particular focus on boards’ performance. Minister Iipumbu Shiimi revealed the plan during the public enterprises conference held at Gross Barmen this past week, saying it will include the recruitment of experienced individuals to serve as board members of SOEs and measuring their performance. todayNovember 27, 2023 15
