• Contact Us
  • About Us
  • Advertisement
  • Privacy & Policy
Friday, July 11, 2025
SUBSCRIBE
The Brief | Namibia's Leading Business & Financial News
6 °c
Ashburn
17 ° Wed
19 ° Thu
  • Home
  • Companies
    • Finance
    • Agriculture
    • Technology
    • Property
    • Trade
    • Tourism
  • Business & Economy
  • Mining & Energy
  • Opinions
    • Analysis
    • Columnists
  • Africa
  • e-edition
No Result
View All Result
The Brief | Namibia's Leading Business & Financial News
  • Home
  • Companies
    • Finance
    • Agriculture
    • Technology
    • Property
    • Trade
    • Tourism
  • Business & Economy
  • Mining & Energy
  • Opinions
    • Analysis
    • Columnists
  • Africa
  • e-edition
No Result
View All Result
The Brief | Namibia's Leading Business & Financial News
Subscribe
No Result
View All Result
TB image banner 750x140
Home News Namibia

Lawmakers call for NIDA’s reintegration into Ministry

by reporter
May 20, 2025
in Namibia
51
A A
62
SHARES
1k
VIEWS
Share on FacebookShare on TwitterShare on LinkedIn

The Standing Committee on Public Accounts and Economy in the National Council has called for the immediate reintegration of the Namibia Industrial Development Agency (NIDA) into the Ministry of Industries, Mines and Energy, citing accountability failures and weak oversight.

You might also like

Makalani plans N$1 billion capital raise for regional impact fund

ACC upgrades systems to tackle cybercrime

Namibia removed from global hunger hotspot list

The recommendation follows oversight visits to several NIDA-managed projects in the //Kharas, Otjozondjupa, Zambezi, Kavango West, and Oshana regions.

During the visits, the committee identified a series of financial and operational shortcomings, including governance challenges and inefficiencies affecting key projects.

The committee criticised the current dual oversight structure governing NIDA, stating it has contributed to lapses in supervision.

“NIDA should have only one supervisory body, to cease having dual supervisory bodies to ensure proper supervision and accountability,” the committee said in its report.

The lawmakers further urged the ministry to appoint regional officials at both the Naute Irrigation Project and the Kavango Cattle Ranch (KCR) as signatories on the accounts of the respective farms to strengthen local control.

“Six Section Managers should be appointed at KCR and each Section Manager to be responsible for his or her Section, rather than having one manager running the whole farm, which is not practical and impossible,” the committee stated.

Concerns were also raised about informal settlements at the KCR farm, where former workers and community members have settled.

The committee recommended the development of a policy to manage this issue and avoid the farm’s gradual transformation into a residential area.

NIDA recorded operating losses of N$102 million in the 2024 financial year, according to its latest annual report.

Established in 2018, NIDA is tasked with driving Namibia’s industrialisation agenda in line with national strategies such as the Growth at Home Strategy, the Harambee Prosperity Plan, and the Fifth National Development Plan.

author avatar
reporter
See Full Bio
Tags: economynamibiareintegration
Share25Tweet16Share4
Previous Post

Govt secures N$1.5 billion German loan to tackle northern water crisis

Next Post

Nedbank Namibia announces largest-ever bursary funding for 2025

Recommended For You

Makalani plans N$1 billion capital raise for regional impact fund

by reporter
July 10, 2025
0
Makalani plans N$1 billion capital raise for regional impact fund

Makalani Fund Managers is aiming to raise N$1 billion for its first regional Impact Fund, targeting institutional investors in Namibia and South Africa to finance infrastructure, renewable energy,...

Read moreDetails

ACC upgrades systems to tackle cybercrime

by reporter
July 7, 2025
0
ACC upgrades systems to tackle cybercrime

The Anti-Corruption Commission (ACC) is stepping up its digital security capacity and staff development to better manage cyber-related corruption cases. Director-General Paulus Noa said the institution is actively...

Read moreDetails

Namibia removed from global hunger hotspot list

by reporter
July 4, 2025
0
Namibia removed from global hunger hotspot list

Namibia has been removed from the global hunger hotspot list, according to the latest Hunger Hotspots report issued by the Food and Agriculture Organization (FAO) and the World...

Read moreDetails

Namibia downgraded to lower-middle-income country

by reporter
July 2, 2025
0
Namibia downgraded to lower-middle-income country

Namibia has been reclassified from an upper-middle income to a lower-middle income country, according to the latest World Bank’s FY26 income classification update. Namibia is the only country...

Read moreDetails

Govt approves pension-backed home loan scheme for civil servants

by reporter
June 25, 2025
0
Govt approves pension-backed home loan scheme for civil servants

The Government of Namibia has approved the launch of a Pension-Backed Home Loan (PBHL) scheme aimed at improving access to affordable housing for civil servants. The scheme will...

Read moreDetails
Next Post
Nedbank Namibia announces largest-ever bursary funding for 2025

Nedbank Namibia announces largest-ever bursary funding for 2025

Related News

Navigating new horizons: A closer look at the Namibia-Belgium bilateral relationship in the 21st century

Navigating new horizons: A closer look at the Namibia-Belgium bilateral relationship in the 21st century

April 28, 2024
Saving tips to get you through the festive season

Saving tips to get you through the festive season

November 30, 2023
If you don’t understand people, you don’t understand business

If you don’t understand people, you don’t understand business

February 6, 2025

Browse by Category

  • Africa
  • Agriculture
  • Analysis
  • Business & Economy
  • Columnists
  • Companies
  • Finance
  • Finance
  • Fisheries
  • Green Hydrogen
  • Health
  • Investing
  • Latest
  • Market
  • Mining & Energy
  • Namibia
  • namibia
  • News
  • Opinions
  • Property
  • Retail
  • Technology
  • Tourism
  • Trade
The Brief | Namibia's Leading Business & Financial News

The Brief is Namibia's leading daily business, finance and economic news publication.

CATEGORIES

  • Business & Economy
  • Companies
    • Agriculture
    • Finance
    • Fisheries
    • Health
    • Property
    • Retail
    • Technology
    • Tourism
    • Trade
  • Finance
  • Green Hydrogen
  • Investing
  • Latest
  • Market
  • Mining & Energy
  • namibia
  • News
    • Africa
    • Namibia
  • Opinions
    • Analysis
    • Columnists

CONTACT US

Cell: +264814612969

Email: newsdesk@thebrief.com.na

© 2025 The Brief | All Rights Reserved. Namibian Business News, Current Affairs, Analysis and Commentary

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In

Add New Playlist

No Result
View All Result
  • Home
  • Companies
  • Mining & Energy
  • Business & Economy
  • Opinions
    • Analysis
    • Columnists
  • Africa

© 2025 The Brief | All Rights Reserved. Namibian Business News, Current Affairs, Analysis and Commentary

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.