Gov responds to financially precarious MeatCo

An interim board of directors has been appointed to assist with the refinement and implementation of MeatCo's strategies.

In a media statement, the Ministry of Finance and Public Enterprises said the board is at an advanced stage of developing an operational turnaround strategy, which is expected to be finalised before the end of this calendar year.

The appointment of the MeatCo interim board was one of the Cabinet resolutions regarding the future of the corporation, which has taken medium- and long-term strategies.

Agriculture plays crucial role in food security- Hinda-Mbuende 

The Deputy Minister of Finance and Public Enterprises, Maureen Hinda-Mbuende, emphasised the crucial role of agriculture in ensuring food sustainability, not only in Africa but also globally.

Speaking during the opening of the SADC Development Finance Institutions Chief Executive Officers Forum in Swakopmund, Hinda-Mbuende also stressed the need for cooperation among SADC countries to promote sustainable agricultural practises and enhance food production in the region.

NAMFISA to conduct formal consultation on the proposed draft Consumer Credit Bill

The Namibia Financial Institutions Supervisory Authority (NAMFISA) has announced plans to conduct a formal consultation on the proposed draft Consumer Credit Bill from June to September 2023.

This was revealed by the company's Corporate Communication Officer and Consumer Education Officer, Victoria Muranda.

The objective of the bill is to establish regulations and oversight for all consumer credit transactions as well as ensure consumer protection for goods purchased both online and in physical stores.

Local business's urged to align their recovery programs with governments plans

Nedbank Namibia's Managing Director, Martha Murorua, has urged local businesses to align their recovery programs with those of the government aimed at reviving the economy.

Murorua made these remarks at a Nedbank economic breakfast panel discussion in Swakopmund.

The discussions centered around the budget, tabled by the Minister of Finance and Public Enterprises, Ipumbu Shiimi.

Ministry of Finance and Public Enterprises hosts Public Procurement Act training

Political office bearers, regional and local council technocrats, bidders, and the general public in the ||Kharas Region will now have a better understanding of the Code of Good Practices on Preferences of the Public Procurement Act.

This is made possible by the Ministry of Finance and Public Enterprises, which is hosting a four-day training on the Act.

The Code of Good Preferences, as defined in the recently amended Public Procurement Act, aims to grant exclusive preference to local suppliers through the reservation of certain procurement goods, works, and services.