During a cabinet briefing on Monday, the Deputy Minister of Fisheries and Marine Resources explained that the ministry's mandate is to sustainably manage aquatic resources and promote the aquaculture sector in Namibia.
Deputy Minister Silvia Makgone made these remarks at the Government Information Centre.
The aquaculture sector consists of two subsectors: freshwater aquaculture and marine aquaculture.
The Minister of Finance and Public Enterprises says the current structure of the ministry is no longer fit for purpose and is being reviewed.
Iipumbu Shiimi says that this is to ensure that various ministry functions have a sufficient and well-trained workforce for the provision of services and efficient implementation.
Namibia National Reinsurance Corporation (NamibRe) has grown its assets from N$210 million to more than a billion dollars in twenty years.
Managing Director Patty Karuaihe-Martin revealed this during an update on the organisation's strategic operations at the Government Information Centre (GIC).
The organisation, she further says, has increased its dividends to the government from N$2 million to N$10 million.
The public enterprise, established in 2001 to provide reinsurance services locally, has been minimising capital outflow from the local insurance industry.
