The National Housing Enterprise (NHE) loan book has grown from N$493 million in 2015 to N$1.6 billion now.

The NHE had experienced slow growth in the past seven years due to financial constraints, land tenure issues, the unavailability of serviced land, and property rights.

However, the Minister of Urban and Rural Development, Erastus Uutoni, expressed appreciation to the current board for its efforts.

The outgoing board chairperson, Sam Shivute, pointed out some of the challenges the entity faced during its tenure.

Toska Sem, the newly appointed NHE Board Chairperson, pledged that her team will cement the laid foundation, work in unity, and make a difference in society.

The new board's appointment will come into effect next month.

The government has tasked the NHE with building 47,622 houses by the year 2030.