National budget tabled in Parliament


The 2018/19 National Budget was tabled in the National Assembly on Wednesday.

The total budget for the 2018/19 financial year is N.dollars 58 489 011 000, compared to N.dollars 62.5 billion last year.

Tabling the budget, Minister of Finance Calle Schlettwein said the budget will focus on shared prosperity, growth, less inequality and improved service delivery and will be pro-poor.

He said the budget comes after the Namibian economy endured its most precarious phase and is at a turning point.

High expectations for 2018/19 national budget


Analysts have high expectations of the 2018/19 national budget, which will be tabled by Minister of Finance Calle Schlettwein in the National Assembly on Wednesday.

Among the anticipated issues to be addressed are developments in the economy, regional integration, higher education, monetary policy, tax policies and fiscal developments.

Speaking to Nampa on Monday, political analyst Dr Hoze Riruako said he expects Schlettwein to enlighten the country on how much the austerity measures taken to cut Government spending have eased the burden on treasury.

Govt lose N.dollars 15.2 million due to armyworm invasion


The armyworm invasion during the 2016/17 harvest season has resulted in a drop in maize output and subsequent loss of N.dollars 15.2 million in revenue at various state-owned green scheme projects.

This was revealed by Minister of Agriculture, Water and Forestry (MAWF) Alpheus !Naruseb in the National Assembly on Tuesday.

The minister said maize output from the green schemes dropped from 17 829 metric tonnes (MT) recorded in 2015/16 to 14 437 MT in 2016/17.

The decrease is equivalent to 19 per cent, which in monetary terms is about N.dollars 15.2 million.

Access to Information Bill to be tabled by end 2018


The Minister of Information and Communication Technology, Stanley Simataa is optimistic that the Access to Information Bill will be tabled in Parliament by the end of this year.

Simataa was speaking at a consultative meeting with the Editors Forum of Namibia here Friday, saying him and his deputy, with other things being equally important, have again flagged the bill as a priority.

"By the end of this year we must have this bill, it is one of the key deliverables in terms of the Harambee Prosperity Plan and it is still in our performance agreement," he stated.

Namibia to host African Corporate Governance conference


Namibia will host the 12th African Corporate Governance Network (ACGN) bi-annual conference on 08 and 09 March 2018 aimed at promoting and enhancing corporate governance on the African continent.

The two-day event will feature workshops, presentations and panel discussions on State Owned Enterprise (SOE) governance challenges and opportunities, governance as a driver of value creation in Africa and governance as an incentive for foreign direct investment, amongst others.

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