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28 Results / Page 3 of 4



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 8

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 9

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 17


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 10


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 1


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 14


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 12

Opinion Pieces

Mid-Term Budget Review: Never too late to reform

By Josef Kefas Sheehama Namibian Finance Minister, Mr Iipumbu Shiimi, delivered his 2023/2024 Mid-Term Budget speech on 31 October 2023, taking note of the achievements, challenges, and performances of State-Owned Enterprise (SOE). The Mid-Term Budget Review plays a critical role in the entire budgetary process because it sets the tone for the fiscal framework for the next main budget. The budget is the most important economic instrument of government, as […]

todayNovember 1, 2023 4