//Kharas governor Aletha Frederick says the Public Enterprises Ownership Policy currently under consultation should be able to position state-owned enterprises (SOEs) to drive economic growth in the country. Frederick says public enterprises (PEs) play a significant role in the economy as they contribute to growth, employment creation and the provision of essential services. She notes...
A local design agency, Turipamwe, is publishing Namibia’s first industrial White Paper on design thinking, packed with insights from an original study conducted in 2022 that investigated how local organisations viewed and utilised innovation in a broad sense. This study provides knowledge on the current applications of design thinking and future possibilities in Namibia’s unique...
Chamwe Kaira Public Enterprises employ 25 000 people, according to statistics released by the Minister of Finance and Public Enterprises, Ipumpu Shiimi this week. The government is in the process of reforming public enterprises to improve their operations. Namibia currently owns 81 Public Enterprises (PEs) consisting of commercial, non-commercial and extra budgetary funds. The Total...
Minister of finance and public enterprises Iipumbu Shiimi says the total asset value of enterprises in the country stands at N$119 billion, with a net asset value of N$50 billion. He says there are currently 81 public enterprises in the country. Shiimi was speaking at the launch of the public enterprises ownership policy on Monday....
Public Enterprises (PEs) Valued at N$119 Billion Business Reporter THE Minister of Finance and Public Enterprises, Iipumbu Shiimi, said that given the substantial size and commercial value of public enterprises in Namibia, which are valued at around N$119 billion, it is crucial to expedite the implementation of the Public Enterprises Ownership Policy (PEOP). This policy...
The Minister of Finance & Public Enterprises, Iipumbu Shiimi on Monday officially launched the Public Enterprises Ownership Policy (PEOP), a pivotal step towards enhancing the efficiency and efficacy of public enterprises. The PEOP addresses the reform and regulation of Namibia’s 81 Public Enterprises (PEs), encompassing commercial, non-commercial, and extra-budgetary funds. Total Asset Value of these...
ANC secretary general Fikile Mbalula has rejected claims of fear surrounding Public Enterprises minister Pravin Gordhan in the party. He clarified various ministers, including Gordhan and Water and Sanitation minister Senzo Mchunu, have been held accountable for their actions. Briefing the media following the national executive committee meeting, Mbalula said they reviewed state-owned enterprises, with...
Following a visit to Estonia in May this year, the Namibia Investment Promotion and Development Board announced this week it has entered a formal alliance with the Estonian Development Board (EstDev) to develop digital capacity and skills in Namibian micro, small and medium (MSM) enterprises. The investment board’s Executive Director for MSM enterprise development, Dino...
Mineral Resources and Energy minister Gwede Mantashe is calling for an investigation into the multiple resignations of executives from several state-owned enterprises. Transnet’s CEO Portia Derby and Transnet Freight Rail CEO Siza Mzimela both recently resigned in the space of a week. Eskom board chairperson Mpho Makwana’s resignation was announced on Monday evening. Mantashe says...
Choppies Enterprises recently reported substantial growth in full-year profits for the financial year ending June 2023, as the group’s retail sales increased by 6.5% to BWP6433 million (N$8878 million) compared to BWP6042 million (N$8343 million) in June 2022. The Botswanan supermarket chain’s high profits were driven by sixteen new stores and a 6.8% price increase....