Friday, August 21, 2026
Subscribe
The Brief | Namibia's Leading Business & Financial News
  • Home
  • Companies
    • Finance
    • Agriculture
    • Technology
    • Property
    • Trade
    • Tourism
  • Business & Economy
  • E-PAPERreader
  • Mining & Energy
  • Opinions
    • Analysis
    • Columnists
  • Africa
No Result
View All Result
The Brief | Namibia's Leading Business & Financial News
  • Home
  • Companies
    • Finance
    • Agriculture
    • Technology
    • Property
    • Trade
    • Tourism
  • Business & Economy
  • E-PAPERreader
  • Mining & Energy
  • Opinions
    • Analysis
    • Columnists
  • Africa
No Result
View All Result
The Brief | Namibia's Leading Business & Financial News
Subscribe
No Result
View All Result
Home Latest

Oshana sets aside 15% of procurement budget for local small businesses

by reporter
June 24, 2026
in Latest
7
A A
Man in a white shirt and dark tie speaks into a microphone, wearing a black fedora with a light band, indoors at a podium.

The Oshana Regional Council has reserved 15% of its N$110 million procurement budget exclusively for micro-enterprises and informal businesses, creating opportunities worth approximately N$16.5 million for local entrepreneurs.

The ring-fenced allocation was a key highlight of the recent State of the Region Address (SORA) delivered by Oshana Governor Hofni Iipinge.

The targeted procurement policy forms part of a broader economic development strategy aimed at strengthening Oshana’s position as the commercial and administrative hub of northern Namibia.

“The Oshana Regional Council continues to promote local economic participation through its procurement policy. Of a procurement budget of approximately N$110 million, 15% was reserved for micro, small and informal businesses. This approach creates opportunities for local entrepreneurs to participate in government contracts, generate income and expand their operations. These empowerment initiatives continue to stimulate local economic growth while broadening participation in the formal economy,” Iipinge said.

He said the local procurement initiative complements ongoing growth in the region’s micro, small and medium enterprise (MSME) sector. During the past financial year, the Ministry of Industrialisation and Trade registered 1,329 new businesses and issued 975 micro-enterprise certificates across the region’s 11 constituencies.

To further reduce barriers for emerging entrepreneurs, more than N$866,000 worth of equipment and raw materials was distributed to 15 previously disadvantaged business owners.

In addition, the Development Bank of Namibia approved N$11.3 million in financing to support projects in construction, manufacturing, wholesale trade and other sectors.

“Access to finance remains critical for economic expansion and job creation. During the reporting period, the Development Bank of Namibia approved financing amounting to N$11.3 million for projects in the region. The funding supported key sectors, including construction, electricity infrastructure, manufacturing, health services, wholesale trade and business services,” Iipinge said.

The governor also revealed that Oshana received a capital allocation of N$357.3 million, of which N$180.1 million had been spent by the end of the fourth quarter.

According to Iipinge, the expenditure has supported job creation through public infrastructure projects, generating 120 permanent positions and more than 1,600 temporary and impact jobs across regional councils, educational facilities and local utilities, including Oshakati Premier Electric.

Iipinge said the workforce behind this employment growth is currently upgrading the region’s water, electricity and health infrastructure through several major development projects.

In the water sector, Phase 1 of the Ondangwa Wastewater Treatment Plant has reached 95% completion. At the same time, NamWater is implementing bulk water infrastructure upgrades valued at nearly N$1 billion, including the refurbishment of the Karuheke–Oshakati Canal, replacement of the Ogongo–Oshakati pipeline and upgrading of the Oshakati Water Purification Plant.

“Government, through NamWater, continues to invest in strategic bulk water infrastructure to secure the region’s long-term water supply needs. Key projects currently underway include the refurbishment of the Karuheke–Oshakati Canal, the replacement of the Ogongo–Oshakati pipeline and the upgrading of the Oshakati Water Purification Plant. Collectively valued at nearly N$1 billion, these projects will significantly strengthen water security, improve system reliability and support future economic growth across the northern regions,” he said.

author avatar
reporter
See Full Bio
Previous Post

Namibians travelling less despite record tourism boom

Next Post

MTC wins five Brand Africa Awards, named among Africa’s Most Admired Brands

Must Read

Bright yellow license plates with large black numbers stacked diagonally in the frame, overlapping each other.
Latest

Govt plans new national standard for vehicle number plates

August 20, 2026
Straight highway through a desert landscape under a blue sky with a few clouds.
Latest

Roads Authority targets N$2.1bn upgrade of nine Oshana roads

August 20, 2026
Smiling woman with a black top and gold jewelry against a dark blue studio backdrop.
Latest

The bankability bridge: Turning Namibia’s economic potential into SME participation

August 18, 2026
Construction workers in high-visibility vests along a dirt road under construction beside a busy highway; muddy tire tracks, piles of soil, and distant hills.
Latest

Auas Road Phase 3 kicks off, targets major expansion over next 12 months

August 18, 2026
Construction-site fence with a Namibian Competition Commission banner in front of a modern brick building; street signs show Marien Ngouabi St and Wisserstraat.
Latest

Namibia’s merger rules out of step with regional peers despite proposed increase

August 17, 2026
Why Namibia urgently needs consumer protection laws on home auctions
Latest

Blood is no longer thicker than water

August 14, 2026
Load More

Related News

Limited public participation hinders Namibia’s budget transparency

Limited public participation hinders Namibia’s budget transparency

June 7, 2024
Here’s a look at property prices in Namibia, Eswatini and Mauritius

Here’s a look at property prices in Namibia, Eswatini and Mauritius

January 18, 2022
Agribank, N-BiG ink agreement

Agribank, N-BiG ink agreement

July 14, 2022

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

© 2026 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
No Result
View All Result
  • Home
  • Companies
  • Mining & Energy
  • Business & Economy
  • Opinions
    • Analysis
    • Columnists
  • Africa

© 2026 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.