After two hefty increases over the past two months, there is some relief for the motorist as fuel pump prices remain unchanged for the month of June.
The Minister of Industries, Mines and Energy (MIME), Modestus Amutse, made the announcement today.
Namibia's Micro, Small, and Medium Enterprises sector (MSMEs) is the backbone of the national economy, but many businesses remain constrained by limited access to markets, finance, and structured development support.
Parliamentarians in the National Council applauded the Ministry of Finance for a well-crafted budget amid tough global and domestic conditions, as they contributed to the Ministry of Finance's vote at the committee stage.
The Wet Landed Small Pelagic Association has defended a Cabinet decision to relax restrictions in parts of the 200-metre fishing zone, saying the move protects jobs and grows onshore fish processing.
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.
Newly elected MPs and deputy ministers used their maiden speeches in the National Council to call for industrial development to address socio-economic challenges, including unemployment, housing shortages, and limited access to healthcare and basic services.
New data from First National Bank reveal an increase in household borrowing in March, signaling a modest sign of economic recovery amid ongoing financial pressures on consumers and businesses.
Minister of Urban and Rural Development James Sankwasa praised the ongoing Oshakati Totem Expo for fostering trade, business partnerships, and cultural exchange.
The recent gala dinner raised N$843,000 towards the nine-day event scheduled for May.
Namibia's economic growth is projected to strengthen to around 3.5% this year, though experts warn that escalating global geopolitical tensions, particularly the conflict in the Middle East, pose risks to this outlook.
The National Assembly has approved the Ministry of Industries, Mines and Energy's vote of N$827 million.
The vote will now move to National Council.
