Also known as: minister of finance · finance minister Ericah Shafudah · Finance minister · Shafudah · Erica Shafudah · minister of finance Ericah Shafudah · Minister of finance Shafudah · Finance minister Shafudah · the Minister of Finance · the finance minister · Ericah Shafuda
Finance minister who presented Namibia's 2026/27 budget and made Namra board appointments.
Minister Veikko Nekundi presented the 2026/2027 budget allocation of N$592.972 million for the Department of Works to the National Assembly, with N$499 million for operational costs and N$93.972 million for capital investment. The budget addresses public infrastructure development, government asset management, and maintenance of state facilities across five programmes.
15 April 2026 · The Namibian →
Minister Veikko Nekundi presented the 2026/2027 budget allocation of N$592.972 million for the Department of Works to the National Assembly, with N$499 million for operational costs and N$93.972 million for capital investment. The budget addresses public infrastructure development, government asset management, and maintenance of state facilities across five programmes.
15 April 2026 · The Namibian →
The Institute for Public Policy Research has criticized the government's decision to bypass the Central Procurement Board on N$350 million in projects, arguing it creates risks of corruption and waste. The government has directly awarded contracts including a N$140-million sports stadium project to the Roads Contractor Company and other projects to August 26 without public tendering, a practice that lacks transparency and limits competition for local businesses.
12 April 2026 · The Namibian →
In Gibeon, a remote village 100km south of Mariental, elderly residents like Welhimina Boois depend entirely on the government old-age pension grant (currently N$1 700 per month) to survive, often supporting extended family members as well. Over 250 000 elderly Namibians rely on this social grant as their primary income source, though many face severe hardship including food insecurity and inadequate housing.
10 April 2026 · New Era →
Finance minister Ericah Shafudah has made new appointments and reappointed Peter Kruger as chairperson of the Namibia Revenue Agency board, with changes taking effect on 1 April and running for three years. The moves, made under the Public Enterprises Governance Act, include appointing Ndatega Shikalepo as deputy chairperson, along with Helmuth Naweseb, Mubusisi Mabuku, and Ndahambela Ndoroma-Iipinge to strengthen governance and oversight at Namra.
3 April 2026 · The Namibian →
The Roads Authority has implemented adjustments to road user charges effective from 1 May, raising vehicle licence fees by 10%, while abnormal load fees and road carrier permits will each rise by 20%. The adjustment was approved by the minister of finance.
1 April 2026 · The Namibian →
Finance Minister Ericah Shafudah launched the National Payment System Vision and Strategy 2030, developed by the Bank of Namibia to modernise payment systems and make money transfers faster, safer and more affordable. The strategy aims to enable banks, mobile wallets and financial services to interoperate seamlessly, expanding digital financial inclusion for small businesses and underserved communities by 2030.
30 March 2026 · New Era →
Parliament members say the National Assembly's budget allocation of N$410.7 million for 2026/27 is inadequate, with only 1% allocated to development and 19% to core NA activities. MPs warn the underfunding threatens the institution's capacity for lawmaking and public outreach.
28 March 2026 · The Namibian →
Finance Minister Ericah Shafudah unveiled the National Payment System Vision and Strategy 2030, developed by the Bank of Namibia and Payment Association of Namibia, to modernise Namibia's payment systems and make transactions faster, safer and more affordable. The strategy aims to enable seamless transactions across banks, mobile wallets and other financial services, improving financial inclusion for small businesses and underserved communities.
27 March 2026 · New Era →
Finance Minister Ericah Shafudah defended the N$104 billion 2026/27 budget, stating it balances fiscal consolidation with economic support without introducing broad-based tax increases. She addressed parliamentary concerns about taxation, public debt levels, and sectoral allocations, emphasizing that development spending extends beyond the official figures and that agricultural financing should be viewed holistically including through Agribank.
26 March 2026 · New Era →
The Development Bank of Namibia has launched DBN For Her, a women-focused financing initiative backed by N$400 million from the African Development Bank, offering loans ranging from N$150,000 to N$10 million to women-owned businesses employing between five and 300 people.
26 March 2026 · The Namibian →