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NSFAF asks SOEs to pay off money owed to it

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The Namibia Student Financial Assistance Fund (NSFAF) is asking state-owned enterprises (SOEs) to help pay off money owed to it by their employees.

This call was made by NSFAF's Company Secretary, Fillemon Immanuel, at the Chief Executive Officers and senior management engagement from 57 SOE's.

Immanuel says the intervention is geared towards the recovery of the N$12,5 billion owed to the Fund by over 130,000 former beneficiaries.

Immanuel explains why SOEs should come on board.

SOEs urged to develop impactful programs aimed at addressing social and economic challenges

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Deputy Prime Minister Netumbo Nandi-Ndaitwah has urged state-owned enterprises (SOEs) to develop impactful programmes aimed at addressing social and economic challenges.

Nandi-Ndaitwah made these remarks during her address at the gala dinner of the Public Enterprises CEO's Forum held in Grootfontein.

In her address, Nandi-Ndaitwah expressed her appreciation for the theme of effective corporate governance in public enterprises. She spoke highly of the importance of strong governance practises within these entities.

Several SOEs reiterate commitment to finance agricultural activities to ensure food security

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Several State Owned Enterprises reiterated their commitment to finance agricultural activities to ensure food security in the country.

The commitments were made by the Agribank, DBN and the Environment Investment Fund at a three-day workshop on food security in Windhoek.

Under the Malabo and Maputo declarations, African governments are expected to spend at least 10 percent of their national budgets on the agriculture sector.