Over the years, I have been wondering whether state-owned enterprises (SOEs) have what it takes? I myself also served on a number of SOE boards, and it is my conviction that some SOE boards are just there for window dressing and to please their appointing principals. When one looks at how some SOE board members...
Microsoft and Quantexa announce partnership Quantexa supporting rising wave of organizations using data, analytics, and AI to break down silos Partnership with Microsoft makes Quantexa’s Decision Intelligence Platform immediately available on Microsoft Azure Marketplace; company commits to build solutions natively on Azure Technology preview demonstrates Quantexa’s ambitious plan to accelerate platform, solution and generative...
The Ministry of Finance and Public Enterprises has created an operational budget, including N$1,4 billion for once-off tax debt relief for selected public enterprises. This aims to clear legacy debt accumulated prior to the establishment of the Namibia Revenue Agency (Namra). Finance minister Iipumbu Shiimi announced this on Wednesday during the tabling of the national...
By Freeman Ya Ngulu. 125 Micro Small and Medium (MSM) enterprises invested their time by attending an informative session on 14 February 2024 conducted by the Namibian Standards Institution and facilitated by the Namibia Chamber of Commerce and Industry. Chamber board member, Parastus Nepolo extended his appreciation to the MSM business owners, highlighting the contribution...
SWAKOPMUND: The government has through its operational budget settled N.dollars 1.4 billion in once-off legacy tax liabilities for selected public enterprises whose funding was severely reduced due to fiscal consolidation in previous years. The enterprises include the University of Namibia (UNAM), TransNamib, the Namibia Broadcasting Corporation (NBC), the New Era Corporation, the National Fishing Corporation...
Business Reporter WHILE tabling the budget for the 2024/25 financial year, the Minister of Finance and Public Enterprises announced that the Ministry of Finance and Public Enterprises has been allocated a budget of N$8.1 billion in FY2024/25. This includes N$3.0 billion for the Public Servants Medical Aid Scheme (PSEMAS) and over N$700 million in transfers...
Public enterprises have been critical in providing public goods, generating revenue, and increasing access to public services for the people, among others. However, some of them have been finding the going tough and have been running at a loss, constantly requiring government bailouts. A consultative meeting on public enterprise ownership policy was held at Oshakati...
Members of Parliament have commended the Ministry of Finance and Public Enterprises’ efforts to curb excessive spending and for recognising the economic strain experienced by all Namibians. MPs were contributing to the Appropriation Amendment Bill. While commending the Finance Minister for allocating a substantial N$643 million towards the drought relief programme, National Unity Democratic Organisation...