LITERACY CENTRE CLOSURES SAVE N$6.8 MILLION

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The Ministry of Education, Innovation, Youth, Sports, Arts and Culture saved N$6.8 million by closing literacy centres across all 14 regions in 2024. Minister Dr Sanet Steenkamp stated that these savings have been reinvested into expanding the family literacy programme.

NAMCOR Bailout Saves Over N$300 Million

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The National Petroleum Corporation of Namibia (NAMCOR) Managing Director, Maureen Hinda-Mbuende, said the bailout by the government this year resulted in more than N$300 million in savings.

This is after NAMCOR had been trading on negative margins, due to penalties and governance lapses.