The tabling of the 2024–2025 budget may seem far away, but the Ministry of Finance is already in the process of putting the budget together and engaging stakeholders for input.

Finance Minister Iipumbu Shiimi already held an engagement in the Zambezi Region before moving to the Otjozondjupa Region.

This is an opportunity for the stakeholders to propose their input and the way they think the budget should go.

All seven constituencies in the region were represented at the meeting, where a number of government offices and ministries joined to raise their concerns.

The Minister of Finance and Public Enterprises, Ipumbu Shiimi, is on a visit to the Zambezi Region to consult with the regional council leadership and other stakeholders to seek their input on next year's national budget.

Shiimi said consultations with stakeholders on the national budget are crucial for the planning process.

The Minister of Finance and Public Enterprises, Ipumbu Shiimi, has tabled a bill in parliament aimed at bolstering Namibia's financial intelligence capabilities and addressing the shortcomings identified in the country's recent mutual evaluation report.

The assessment report, carried out by the Eastern and Southern African Anti-Money Laundering Group and the Financial Action Task Force, evaluated Namibia's adherence to international standards in combating money laundering, terrorism financing, and proliferation.

The Minister of Finance and Public Enterprises, Ipumbu Shiimi, has directed public entities not to enter into financial agreements that exempt lenders from the required tendering processes as stated in the Procurement Act.

This directive follows a local outcry regarding a road project funded by the German development agency, KfW Development Bank, that excluded local construction companies due to strict financial and technical pre-qualification requirements.

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.

The Minister of Finance and Public Enterprises, Ipumbu Shiimi says the coming into force of the Codes of Good Practice is an important step in promoting economic growth and encouraging local investment in the country.

Shiimi said this at the launch of the Codes of Good Practice, aimed at promoting, facilitating and strengthening the implementation of the empowerment and industrialization policies of the government.

A N$2 billion loan towards economic development programs will see about 350 jobs created in Namibia through water and road rehabilitation projects.

This comes after Namibia and Germany signed financial cooperation agreements to support key infrastructure development.

The projects entail the construction of a second direct potable reclamation plant in the central area of Namibia and support for projects under the water sector support program at a cost of N$746 million and N$932 million, respectively.