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Company name Last budget contribution (year) [5] [6] Description Classification [3] Dissolved in Air Namibia-1,766 Mio (2013/2014-2015/2016) National airline
A state-owned enterprise (SOE) is a business entity created or owned by a national or local government, either through an executive order or legislation.SOEs aim to generate profit for the government, prevent private sector monopolies, provide goods at lower prices, implement government policies, or serve remote areas where private businesses are scarce.
The defining characteristics are that they have a distinct legal form and that they are established to operate in commercial affairs. While they may also have public policy objectives, GOCs should be differentiated from other forms of government agencies or state entities established to pursue purely non-financial objectives.
The Bank of Namibia (BoN) is the central bank of Namibia, whose establishment is enshrined in Article 128 of the Namibian Constitution. It is located in the capital city of Windhoek . The Bank of Namibia was established in 1990 [ 2 ] by the Bank of Namibia Act, 1990 (Act 8 of 1990). [ 3 ]
The government of Namibia consists of the executive, the legislative and the judiciary branches. The Cabinet is the executive organ of government, implementing the laws of the country. It consists of the president, the prime minister and his deputy, as well as the ministers of the Cabinet of Namibia .
Even in countries where market forces primarily set wage rates, studies show that there are still differences in remuneration for work based on sex and race. For example, according to the U.S. Bureau of Labor Statistics , in 2007 women of all races made approximately 80% of the median wage of their male counterparts.
SOE may refer to: Organizations. State-owned enterprise; Special Operations Executive, a British World War II clandestine sabotage and resistance organisation
The economy of Namibia has a modern market sector, which produces most of the country's wealth, and a traditional subsistence sector. Although the majority of the population engages in subsistence agriculture and herding, Namibia has more than 200,000 skilled workers and a considerable number of well-trained professionals and managerials.