The Public Debt Servicing Bill has increased beyond the levels anticipated in the National Budget.

Finance Minister Iipimbu Shiimi says this is commensurate with a rising debt portfolio coupled with the prevailing tight financial conditions.

Despite economic challenges, Namibia has displayed resilience, with an estimated growth rate of 3.5% in 2023.

The public debt stock is expected to reach N$153.8 billion of the gross domestic product (GDP), showing a slight improvement from the previous year.

The Minister of Finance and Public Enterprises, Iipumbu Shiimi, unveiled the financial adjustments during the presentation of the N$4.8 billion 2023–2024 Appropriation Bill.

An additional budget of N$643 million will go towards the drought relief programme under the Office of the Prime Minister.

The Inter-Parliamentary Union (IPU) General Assembly, held in Luanda, Angola, has expressed concern over the humanitarian crisis in the Gaza Strip.

A rainstorm demolished the shacks of several families in Rundu's Ndama Sewer and Tumweneni Informal neighbourhoods, leaving them homeless.
 
Some families in Rundu are left picking up the pieces after a rainstorm caused havoc.