• Contact Us
  • About Us
  • Advertisement
  • Privacy & Policy
Wednesday, May 21, 2025
SUBSCRIBE
The Brief | Namibia's Leading Business & Financial News
26 °c
Windhoek
22 ° Wed
25 ° 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
50
A A
60
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

Namibia climbs to best-ever position in global startup index

Govt calls for more private sector investment in ICT hubs, start-ups, digital skills

Project Never Walk Alone delivers over 12,600 pairs of shoes

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
Share24Tweet15Share4
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

Namibia climbs to best-ever position in global startup index

by reporter
May 21, 2025
0
Namibia climbs to best-ever position in global startup index

Namibia has risen two places to 85th in the 2025 StartupBlink Global Startup Ecosystem Index, marking its highest position in the rankings to date. The country's performance was...

Read moreDetails

Govt calls for more private sector investment in ICT hubs, start-ups, digital skills

by reporter
May 21, 2025
0
Govt calls for more private sector investment in ICT hubs, start-ups, digital skills

The government is calling for direct investment in ICT innovation infrastructure, including start-up support, incubators, and technology hubs, as part of its national digital transformation agenda. Information and...

Read moreDetails

Project Never Walk Alone delivers over 12,600 pairs of shoes

by reporter
May 21, 2025
0
Project Never Walk Alone delivers over 12,600 pairs of shoes

Project Never Walk Alone (PNWA) has distributed more than 12,600 pairs of shoes to children in eight regions since its launch three and a half years ago. According...

Read moreDetails

Sulphur, petroleum and maize lead Namibia’s road freight as cargo growth slows

by reporter
May 21, 2025
0
Sulphur, petroleum and maize lead Namibia’s road freight as cargo growth slows

Namibia’s cargo movement decelerated in March 2025, with the Road Cargo Index dropping by 2.4% compared to a 0.1% uptick in February. According to the Namibia Statistics Agency,...

Read moreDetails

Nedbank Namibia announces largest-ever bursary funding for 2025

by reporter
May 21, 2025
0
Nedbank Namibia announces largest-ever bursary funding for 2025

Nedbank Namibia has committed over N$800,000 to its bursary programme for 2025, marking the largest investment in the scheme since its inception in 2019. The 2025 allocation  according...

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

Nedbank Namibia announces largest-ever bursary funding for 2025

Related News

I’m not resigning, says Eskom boss

I’m not resigning, says Eskom boss

November 10, 2021
Tullow Oil and Capricorn Energy agree €1.64bn merger

Tullow Oil and Capricorn Energy agree €1.64bn merger

June 1, 2022
Here’s how much money top CEOs and executives earn in South Africa right now

Here’s how much money top CEOs and executives earn in South Africa right now

August 16, 2022

Browse by Category

  • Africa
  • Agriculture
  • Analysis
  • Business & Economy
  • Columnists
  • Companies
  • Finance
  • Finance
  • Fisheries
  • Green Hydrogen
  • Health
  • Investing
  • Latest
  • Market
  • Mining & Energy
  • 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
  • News
    • Africa
    • Namibia
  • Opinions
    • Analysis
    • Columnists

CONTACT US

Cell: +264814612969

Email: newsdesk@thebrief.com.na

© 2024 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

© 2024 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.