The Ministry of Finance says it has finalised the Public Enterprises Governance Act's (PEGA) amendments.

The National Housing Enterprise (NHE) has reported a revenue increase from N$169 million in 2023 to N$229 million in 2024, a 35% rise, according to its 2023/2024 Annual Report launched at its Annual General Meeting in Windhoek.

Vice President Netumbo Nandi-Ndaitwah emphasised that Namibia does not lack money but rather has an issue with mishandling it.

Dr. Nandi-Ndaitwah, who was addressing the Public Enterprises CEOs Forum, urged public enterprises to diligently pursue their missions to avoid past failures. 

The National Council approved a budget of over N$8 billion for the Ministry of Finance and Public Enterprises.

Public enterprises have been critical in providing public goods, generating revenue, and increasing access to public services for the people, among others.

However, some of them have been finding the going tough and have been running at a loss, constantly requiring government bailouts.

The Office of the Prime Minister (OPM) has revised the Customer Service Charter to further cement its commitment to the advancement of public service delivery.

The Ministry of Finance and Public Enterprises announced to the general public on Thursday the new amendments made to the Income Tax Act of 2022.