GOVERNMENT TO CUT FISCAL DEFICIT TO 3.3% BY 2028/29

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The government has committed to reducing the fiscal deficit from 5.5% of Gross Domestic Product (GDP) in the 2026/27 financial year to 3.3% by 2028/29. 

The country's fiscal position is currently said to be weak with limited fiscal buffers, failing revenues and high spending needs. 

ACC WARNS CORRUPTION HURTS GROWTH

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The Anti-Corruption Commission's deputy director general says corruption weakens public institutions and negatively affects economic growth and development of any nation.

AMUTSE EXPLAINS IMPACT OF FUEL PRICE INCREASE

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Motorists across the country will pay more for fuel from midnight tonight, as pump prices are set to increase once again.

Fuel prices affect more than just motorists - they influence transport, food prices, farming, logistics, and business operations.

NKURENKURU YOUTH ENTERPRISES GET N$2.5M BOOST

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Eleven youth enterprises from various regions received business materials worth N$2.5 million under the Rural Youth Constituency Enterprises program in Nkurenkuru. The enterprises were selected during the 2023/2024 financial year as part of the Harambee Prosperity Plan aimed at promoting youth entrepreneurship.

NAM-MIC REPORTS GROWTH IN THE PAST YEAR

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The Namibia Mineworkers Investment Company has reported growth, improved performance, and increased profits over the past financial year. Its board chairperson, Shavuka Mbidhi, made the announcement at a stakeholders engagement.