Friday, July 31, 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
DSTV WC26 Campaign
Home News

Namibia’s economy on a positive trajectory – Mbumba

by editor
February 6, 2024
in News
26
A A

President Nangolo Mbumba expressed cautious optimism about Namibia’s economic trajectory, citing progress made on the socio-economic development front.

However, he acknowledged that significant challenges still lie ahead.

Officially opening the 9th session of the 7th Parliament, Mbumba implored Members of Parliament (MPs) to focus their energies on enacting laws that enhance economic growth.

“More especially the sectors that broaden the scope of economic development in our country, such as mining, agriculture, services and value addition to our natural resources (needs to be done),” he said.

“Currently the Government has embarked on the development of green energy resources as well as oil and gas industries. Thus, all our three organs of State are required to redouble efforts, to realise more inclusive economic growth, equality, equity and shared prosperity across all spheres of our society.”

Mbumba noted that MPs have an important role to play in ensuring that the work of the legislature positively impacts livelihoods, especially for those under-served Namibians in the remote areas of the country.

“In this context, just as Members of the Executive arm of Government, Members of Parliament are required to self-introspect whether they have executed their mandate of enacting legislation which has positively transformed Namibian lives. I, therefore, appeal to all Parliamentarians from both houses to complete all outstanding business, including passing critical bills before the year ends,” he said.

As Parliament Sessions resumed, Mbumba directed that about 12 outstanding bills should be passed without delays before the end of the financial year.

The bills include the Regional Constituency Fund Bill, Health Professions Bill, Namibia Energy Regulator Bill, Electricity Bill and the Child Justice Bill.

Marriage Bill, Ombudsman Bill, Divorce Bill, Public Gathering and Demonstration Bill; Regularisation of Status of Certain Residents, their Foreign Spouses and their Descendants Bill, Roads Bill and the Vehicle Mass Bill, also featured on the wish list of the President.

“Namibians, as the sovereigns, have clear expectations of the leaders they would elect to enter into a social contract with, for the next five years. Therefore, both members of the Executive and Parliament should prepare to account to the sovereigns on their tangible achievements during the past five years of service,” he said.

Mbumba is serving as the interim President following the death of Hage Geingob on Sunday. He is set to lead the nation until the next Head of State is elected during the Presidential and National Assembly elections slated for November this year.

While addressing MPs, Mbumba categorically stated that he will not stand for any position nor does he have any ambitions.

“As the newly sworn-in President, I consider my role to be of an intermediate nature to optimally conclude the term of office of Dr Hage. G. Geingob. This is to ensure security of our people; to serve all communities to the best of my ability and finally to manage the transition to the next President, whom the Namibian people will elect come November 2024. Let me make it crystal clear, I have no intention, desire or ambition to stand for any office,” he said.

author avatar
editor
See Full Bio
Previous Post

Trigon Metals in first underground mining blast at Kombat

Next Post

Namibia exports beer worth N$747m in 12 months

Must Read

Chinese companies paid N$16.7 billion in Namibian taxes in 2024
Namibia

Chinese companies paid N$16.7 billion in Namibian taxes in 2024

September 8, 2025
Namibia urged to fast-track reforms to secure place as Africa’s next energy frontier
Namibia

Namibia urged to fast-track reforms to secure place as Africa’s next energy frontier

August 15, 2025
Namibia’s oil and gas reserves could generate N$7.7bn annually
Namibia

Namibia’s oil and gas reserves could generate N$7.7bn annually

August 13, 2025
Standard Bank posts N$556.9m six-month profit, up 10%
Namibia

Standard Bank posts N$556.9m six-month profit, up 10%

August 13, 2025
NamRA sees drop in illegal vehicle imports following moratorium
Namibia

NamRA plans digital system to track SME earnings and enforce compliance

August 13, 2025
Namibia targets state lottery launch within two years
Namibia

Namibia targets state lottery launch within two years

August 7, 2025
Load More

Related News

Namibia’s Q3 diamond production up 65%

Namibia’s Q3 diamond production up 65%

October 25, 2021
Eskom posts R9 billion interim profit, but still expects full-year loss

Eskom posts R9 billion interim profit, but still expects full-year loss

December 16, 2021
Decoding the dilemma of property acquisition, should you buy or lease?

Decoding the dilemma of property acquisition, should you buy or lease?

May 26, 2023

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.