Vice President Netumbo Nandi-Ndaitwah emphasised the use of suitable technology for developmental solutions during her address at the CEO forum in Windhoek.
She cautioned that the technology transition should not compromise employment opportunities.
Dr. Nandi-Ndaitwah urged parastatals to implement reforms that support the economy by adopting appropriate technology, emphasising that technology should be purposeful rather than wasteful expenditure.
"Some of the technology you introduce in your institutions, you don't even use. You just spend money. You say we have this system, you can do this and that, you go to another country, get experts, and you come up with the system, and 10 million is gone. You use it for one day and go back to square one. We must know the technology we are introducing; it's going to take our people out of poverty."
The CEO of TransNamib, Desmond Van Jaarsveld, said that part of the institution's investment will focus on railway inspection technology, citing that current methods rely on human senses, which may be prone to inaccuracies.
He further announced that TransNamib has officially secured N$2.6 billion from DBN and DBSA, earmarked for investments in locomotives and multipurpose wagons, amongst others.
"We need technology together with human skills to speed up the inspection by means of ultrasonic technology, and it's already available. We need to be flexible with our railways, we can learn our road transport, and the procurement of the loco will take place soon."