Allegations of favouritism and aggressive lobbying have rocked the recruitment of a new Agribank chief executive officer to replace incumbent Ambassador Leonard Iipumbu, who is expected to step down at the end of July.
Thousands of youth, who rely on being recruited into the civil service by enlisting in the army or police force, will this year find themselves without employment, after government announced a moratorium on recruitment.
Opposition party leaders have blasted the N$66 billion national budget, tabled by Finance Minister Calle Schlettwein in the National Assembly on Thursday, saying that it lacked concrete cost-cutting measures, substance, as well as innovation.
A technical committee is expected to submit its recommendation to Cabinet on whether to extend or lift the moratorium on phosphate mining in Namibia, as investors express their unhappiness with a lack of government response since 2014.
The Bank of Namibia has increased the repo rate by 25 basis points to 6.75 percent to align interest rates within the Common Monetary Area (CMA) and avoid possible capital outflows in the country, which could put pressure on the country’s reserves.