Chief Executive Officers of state-owned enterprises were reminded of their vital role in supporting economic growth and investor confidence.

The CEOs were tasked to always prioritise service delivery to avoid becoming a burden to the state through continuous bailouts.

The Chief Executive Officer of Rhino Resources, Travis Smithard, said that Namibia's decision to elevate the petroleum sector within government structures has strengthened investor confidence.

The Business and Intellectual Property Authority (BIPA) of Namibia has officially begun the deregistration of non-compliant business entities, effective immediately and continuing until further notice.