The discovery of oil and the production of green hydrogen in Namibia have drawn interest from Nigerian businesses.
High Commissioner Terhemen Tarzoor says the diplomatic mission in Windhoek has been inundated by requests for business-to-business exchanges in these sectors.
The Public Debt Servicing Bill has increased beyond the levels anticipated in the National Budget.
Finance Minister Iipimbu Shiimi says this is commensurate with a rising debt portfolio coupled with the prevailing tight financial conditions.
Despite economic challenges, Namibia has displayed resilience, with an estimated growth rate of 3.5% in 2023.
The public debt stock is expected to reach N$153.8 billion of the gross domestic product (GDP), showing a slight improvement from the previous year.
The Minister of Finance and Public Enterprises, Iipumbu Shiimi, unveiled the financial adjustments during the presentation of the N$4.8 billion 2023–2024 Appropriation Bill.
An additional budget of N$643 million will go towards the drought relief programme under the Office of the Prime Minister.
The Inter-Parliamentary Union (IPU) General Assembly, held in Luanda, Angola, has expressed concern over the humanitarian crisis in the Gaza Strip.
