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It was established in 2015 and existed in this form until 2022. The only minister in this ministry was Leon Jooste. 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.
The Namibian Ministry of Finance (MOF) was established at Namibian independence in 1990. The first Namibian minister of finance was German Namibian Otto Herrigel . [ 1 ] The current [update] finance minister is Iipumbu Shiimi , a former governor of the Bank of Namibia .
The tender board of the Namibian government has been established by the Tender Board Act. 16 of 1996. [1] Preference is given to local companies if possible. Since early 2010, all unskilled and semi-skilled labour must be sourced from within Namibia in order to qualify for government tenders. [2] Namibia is not a democratic country.
Until 1996, Jamaica operated a centralised procurement system coordinated by the Central Supply Division of the Ministry of Finance, and procurement activity was regulated by the Financial Administration (Supplies) Regulations 1963 supplemented by directives from the Ministry of Finance. The Ministry of Finance and the Public Service is now ...
in many countries there is a separate portfolio for general economic policy in the form of a ministry of "economic affairs" or "national economy" or "commerce"; in many countries financial regulation is handled by a separate agency, which might be overseen by the finance ministry or some other government body.
Namibia Students' Financial Assistance Fund -2,013 Mio Student loans Namibia Tourism Board-90 Mio Development of the tourism sector Regulatory Namibia Training Authority-899 Mio Vocational education Namibia Water Corporation: Water supply and sanitation Commercial Namibia Wildlife Resorts-52 Mio Operation of the major tourist resorts in Namibia
The Namibian state runs and owns a number of companies such as Transnamib and NamPost, most of which need frequent financial assistance to stay afloat. [5] [6]There is a number of agencies and authorities established by acts of Parliament that can be considered government organisations:
15 March – Namibia drops its requirement of face mask and mandatory PCR COVID-19 test for vaccinated visitors as the number of cases falls. [1] June – The Omburu Solar Power Station becomes operational. [2] July – Bethanie Desalination Plant becomes operational. [3] The Ministry of Public Enterprises is disbanded [4]