Finance ministry to host second public enterprises conference

The Ministry of Finance and Public Enterprises will host the second public enterprise conference on Wednesday under the theme ‘Driving Sustainable Economic Growth through Namibian Public Enterprises.’

The two-day event will be held at the Gross Barmen resort in the Otjozondjupa Region and will bring together the chairpersons of boards, chief executive officers, managing directors, and executives of public enterprises.

‘The conference will be an excellent platform for the invited delegates from all the public enterprises to determine the best governance and performance models that can be utilised to enhance a good corporate governance framework and high-performance culture, which are vital recipes for the transformation of the public enterprises geared towards the attainment of the national objectives,’ the ministry said on Monday.

The conference that will be officiated by Finance and Public Enterprises Minister, Iipumbu Shiimi, who will deliberate on various issues, including the effectiveness of the publ
ic enterprise boards, as well as positioning public enterprises for the emergence of green hydrogen.

There are 81 public enterprises in Namibia that are categorised into commercial, non-commercial, and extra-budgetary entities. However, the majority of public entities are heavily criticised for poor performance, as some often depend on government bailouts.

Source: The Namibian Press Agency