Key points drawn from coverage. Tap a point to see the original sentence.
September 2026
New Era
Ministry spokesman Wilson Shikotosaid the exercise forms part of government's efforts toprotect the integrity of Namibia's financial system and strengthen revenue collection
Source
“The ministry's spokesperson, Wilson Shikoto said the exercise forms part of government's efforts to protect the integrity of Namibia's financial system, strengthen revenue collection and implement recommendations contained in the African Union High-Level Panel on Illicit Financial Flows from Africa, commonly known as the Mbeki report.”
Ministry of Finance spokesperson Wilson Shikotosaidthe ministry does not need to approve an exemption to use any procurement method under the Public Procurement Act
Source
“Ministry of Finance spokesperson Wilson Shikoto on Monday said the ministry does not need to approve or grant a public entity an exemption to use any procurement method provided for under Section 27 of the Public Procurement Act.”
Wilson Shikotosaidlow approval rate reflects shortcomings in quality and completeness of submissions
Source
“Responding to New Era queries, Ministry of Finance spokesperson Wilson Shikoto said the low approval rate should not be interpreted as widespread rejection of applicants but rather reflected shortcomings in the quality and completeness of many submissions.”
Wilson Shikotoconfirmed thatfinance ministry received exemption request for proposed procurement
Source
“Finance ministry spokesperson Wilson Shikoto this week confirmed that the ministry received and considered a request relating to an exemption for the proposed procurement.”
Ministry spokesperson Wilson Shikotoconfirmedministry was tipped off and investigation led to ACC referral
Source
“"We were tipped off about the matter. We conducted our investigation and after our investigation we deemed the matter to be handled by the ACC," ministry spokesperson Wilson Shikoto confirms.”
Wilson ShikototoldNew Era that there will be no more closing date
Source
“"We've picked up quite a number of people who would want to apply. In December already, we made a second call, and during that call, we indicated that there will be no more closing date," ministry spokesperson Wilson Shikoto told New Era.”
Finance and public enterprises spokesperson Wilson Shikotosaid the ministry has decided tofreeze current salaries until aligned with approved bands
Source
“"To ensure equity and compliance with established guidelines, the ministry has decided to freeze the current salaries until all executive remunerations are aligned with the approved bands," he said.”
An inaugural government assessment estimates that illicit financial flows worth roughly N$16.7 billion annually—or about 9% of GDP—passed through Namibia during 2021–2022, resulting in an estimated N$2.7 billion in lost tax revenue over the two-year period. The Ministry of Finance released the assessment to strengthen revenue collection and protect the integrity of Namibia's financial system.
An inaugural government assessment estimates that illicit financial flows worth roughly N$16.7 billion annually—or about 9% of GDP—passed through Namibia during 2021–2022, resulting in an estimated N$2.7 billion in lost tax revenue over the two-year period. The Ministry of Finance released the assessment to strengthen revenue collection and protect the integrity of Namibia's financial system.
President Netumbo Nandi-Ndaitwah directed the education ministry to use alternative procurement for a N$540-million school hostel food tender, with the Namibia Training Authority as lead service provider and other public entities, sparking court action from companies questioning the non-public tendering process.
The National Youth Development Fund has received over 13,400 applications since launch but approved only 353 (2.6%) for funding. The Ministry of Finance is overhauling the application process after the low approval rate exposed quality issues in submissions, with approximately 13,120 applications still under assessment.
The Ministry of Health and Social Services' procurement committee has blocked senior officials' proposal to bypass public tender procedures for a N$1-billion medicine purchase, citing concerns that emergency procurement could be abused. The tender was meant to address medicine shortages at public hospitals and clinics.
The Anti-Corruption Commission is investigating the Keetmanshoop Municipality over alleged irregularities in a N$3.4-million service level agreement awarded to JJF Investments and Bellatrix SME Finance for the supply of prepaid electricity meters. The Ministry of Finance also launched an investigation after receiving information alleging non-compliance with the Public Procurement Act.
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.
The Namibia Financial Institutions Supervisory Authority (Namfisa) has advised the finance minister to exempt a clause in the Financial Institutions and Markets Act (Fima) that would have forced all retirement fund members to annuitise their benefits. Workers will continue to receive one-third of their retirement benefits tax-free as a lump sum, though the government's long-term policy aims to move Namibia toward full annuities in line with International Labour Organisation standards.
The Development Bank of Namibia has approved approximately N$15 million through the National Youth Development Fund to support 46 youth-owned enterprises aged 18 to 45, with collateral-free financing ranging from N$60,000 to over N$1 million at interest rates of 2–4% per annum. The Fund, launched in September 2024, continues to accept applications on a rolling basis through regional governors and participating development finance institutions.
The National Youth Development Fund has approved N$14.9 million in financing for 30 businesses and expects to create 147 jobs. The fund, launched in September 2025 with N$500 million allocated, offers collateral-free loans at 2% to 4% interest to young Namibians aged 18 to 45 to boost entrepreneurship and reduce youth unemployment.
The Ministry of Finance has removed the closing date for the National Youth Development Fund, which now accepts applications on an ongoing basis due to high interest. Successful applicants will be announced monthly, and the fund provides loans at 2–4% interest to youth-owned businesses, startups, and innovative projects in priority sectors including agriculture and green energy.
Social grant beneficiaries accessed payments outside their scheduled dates in January, causing overcrowding and long queues at post offices. NamPost and the Ministry of Finance will now enforce stricter compliance with payment schedules and deploy additional mobile payment teams to manage congestion.