Call to prioritise Namibian-owned road firms
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Namibian-owned road construction companies should be distinguished from and prioritised over foreign-owned, yet still Namibian-registered, firms.
Namibian-owned road construction companies should be distinguished from and prioritised over foreign-owned, yet still Namibian-registered, firms.
With vast capital investment going into oil exploration, Otjozondjupa Governor John ||Khamuseb said the Namibian government should get at least 30% of the profits from petroleum production companies.
The Minister of Works and Transport, Veikko Nekundi, has revealed in his ministerial statement in the National Assembly that the government has auctioned off 306 vehicles, generating about N$24 million that will be directed towards government programmes and services.
The Namibian government spends around N$7 billion yearly on social grants, with old-age pensions accounting for nearly half of the total.
Michael Humavindu, the Executive Director in the Ministry of Finance, cautions that raising the pension to a mere N$2,000 could push the bill close to N$9 billion.
Namibia is facing a growing public debt with levels projected to exceed N$168 billion, surpassing 70% of its Gross Domestic Product.
President Netumbo Nandi-Ndaitwah will be launching the 6th National Development Plan (NDP6) on Monday.
The state has outlined the money trail of N$9 million allegedly distributed among several individuals following a $53 million payment by NAMCOR to Enercon for the purchase of nine fuel stations.
The African Peer Review Mechanism (APRM) National Structure has completed a report review on unemployment in the country.
President Netumbo Nandi-Ndaitwah is expected to present the report at the sidelines of the African Union Heads of State Summit next year.
Unemployment in the |Khomas Region currently stands at 44%, and this has resulted in the regional council intensifying efforts to create jobs and improve livelihoods through targeted investments in entrepreneurship, rural development, and housing initiatives.
NAMDIA has confirmed that packages of diamonds recovered by police earlier this year were officially declared, following public calls for clarity by Associate Professor Job Amupanda.