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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 .
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.
Government procurement regulations normally cover all public works, services and supply contracts entered into by a public authority.However, there may be exceptions. These most notably cover military acquisitions, which account for large parts of government expenditure, and low value procurement
public contract register — a repository that aims at keeping track of all procurements, usually awarded through a tender, concluded by the public institutions, making this information available online, thereby providing a basis for monitoring the way in which public money is spent.
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:
(Reuters) - The Washington Post said on Tuesday it would lay off about 4% of its workforce or less than 100 employees in a bid to cut costs, as the storied newspaper grapples with growing losses.
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]
Shiimi holds a Master of Science degree in Financial Economics (1998), and a Postgraduate Diploma in Economics (Economic Principles) from the University of London.He also holds a Diploma in Foreign Trade and Management from the Maastricht School of Management in the Netherlands, an Honours degree in Economics from the University of Western Cape in South Africa, and a Bachelor of Commerce ...