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As of 2017 there were a total of 97 state-owned enterprises, also called public enterprises, in Namibia. 18 of the public enterprises are profit-driven and fall under the Ministry of Public Enterprises established in March 2015. Leon Jooste heads this ministry. [1] The other state-owned commercial entities are mainly active in education, media ...
The ministry was set up to manage 18 profit-driven state-owned enterprises in Namibia. [1] In 2021, the ministry began its transformation into a department, in Namibia the sub-ministerial entity, of the Ministry of Finance. For the state-owned companies, a holding company is to be created, a process estimated to take 5 years. [2]
The Namibian Ports Authority (Namport) is a state owned enterprise established by an act of parliament as the national port authority of Namibia, [1] managing principally the ports of Walvis Bay and Lüderitz, as well as managing a Syncrolift dry dock facility in Walvis Bay. Namport was founded in 1994. [2]
In the late 1980s, the government began to reform the state-owned enterprise, and during the 1990s and 2000s, many mid-sized and small sized state-owned enterprises were privatized and went public. There are a number of different corporate forms which result in a mixture of public and private capital.
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Namibia's road network is regarded as one of the best on the continent; road construction and maintenance adheres to international standards. [3] The country's 48,875.27 km roads (2017) are administered by the Roads Authority, a state-owned enterprise established by Act 17 of 1999. Due to low traffic volumes the majority of roads are not tarred.
Namibia gained independence from South Africa on 21 March 1990, following the Namibian War of Independence. Its capital and largest city is Windhoek , and it is a member state of the United Nations (UN), the Southern African Development Community (SADC), the African Union (AU), and the Commonwealth of Nations .