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New Era Newspaper Thursday December 14, 2017

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New Era Newspaper Thursday December 14,

Vol. 23 No. 076 Windhoek, Namibia Thursday, December 14 2017 HPP starting to bear fruit – presidency Inside Today Govt voluntary retirement packages still on the cards Government is still considering introducing voluntary early retirement packages for civil servants to help keep a lid on the State’s wage bill, Prime Minister Saara Kuugongelwa-Amadhila said last week.. Page 3 Namibia suffered recession in 2017, but growth expected in 2018 A just ended mission to Namibia by the International Monetary Fund (IMF) has concluded that due to exceptional growth in the domestic economy, Namibia’s economy is still in an adjustment phase and as a result growth was expected to turn slightly negative in 2017, following positive growth rate of 1.1 percent in 2016. Page 9 Windhoek Albertina Nakale Months of a strained relationship between the Namibia Students Financial Assistance Fund (NSFAF) management and its board has resulted in President Hage Geingob intervening and deciding that the Fund return to the higher education ministry. The institution has been marred by a tainted relationship between its CEO Hilya Nghiwete and board chairperson Patty Karuaihe-Martin. The two do not see eye to eye and Nghiwete even went as far as reporting the matter to higher education minister, Dr Itah Kandjii-Murangi. The bid to control the Fund seems to Forward… President Hage Geingob (second from left) introduced HPP as his signature development blueprint about two years ago. Photo: Emmency Nuukala Kuzeeko Tjitemisa Windhoek The Harambee Prosperity Plan (HPP)’s aim of improving the quality of life of the country’s populace is starting to show results, says President Hage Geingob’s economic advisor, Dr John Steytler. Steytler says the improvement of the country’s overall governance score as measured by the Mo Ibrahim Governance Index to 71.2 points, NSFAF to lose SOE status be the main factor behind the tensions between the board chair and CEO. Kandjii-Murangi, who yesterday joined President Geingob during the end-of-year review media conference, revealed that the head of state had intervened and taken the bold decision to cease the Fund being a state-owned enterprise (SOE) and that it should return to the education ministry as a directorate. NSFAF on page 2 NSFAF CEO Hilya Nghiwete from 70.4 points the previous year, is one of the achievements that can be celebrated under the plan. Reporting on the progress on key Harambee activities and outcomes at State House yesterday, during President Geingob’s year-end media score for Sub-Saharan Africa was 50.8 points, placing Namibia’s score 20.4 points above the average. “Namibia is one of the eighteen countries in Africa that have achieved consistent improvement in governance over the period of a decade, while the pace of improvement in Namibia has accelerated over the last demonstrated the country’s resolve to continue improving. Steytler said another noble achievement under the plan is Namibia retaining its rating as the country with the freest press on the African continent, and a respectable 24th position globally, as measured by Reporters Without Borders. Edgar Brandt Windhoek HPP on page 2 Namibia’s reliance on its annual share of Southern African Customs Union (SACU) receipts is not a problem, but the volatility of this important revenue stream for government is a great cause for concern, the International Monetary Fund (IMF) said this week. Namibia is a member of the which is the oldest functioning customs union in the world. Namibia relies heavily on revenue Key highlights under Harambee pillars PILLAR 1: EFFECTIVE GOVERNANCE Improvement on Mo Ibrahim Governance Index Namibia retains freest press 5th least corrupt country in Africa Central Procurement Board operationalised Whistle-blower and witness protection laws enacted PILLAR 2: ECONOMIC ADVANCEMENT Ten sector-growth strategies launched 35 infrastructure projects identi- 187 SMEs benefitted from aid scheme Consultation on NEEEF concluded International reserves exceed N.5 billion (N.5 billion in 2014) PILLAR 3: SOCIAL PROGRESSION Poverty reduced to 18% from 37.7% 168,738 registered for old-age pension (N2 million paid monthly) 8,769 plots serviced since March 2016 8,100 houses constructed 1,850 toilets constructed PILLAR 4: INFRASTRUCTURE DEVELOPMENT Ruacana hydropower plant refurbished Three national roads (measuring 257km) completed 78% radio coverage, 75% TV Access to Information Bill drafted PILLAR 5: INTERNATIONAL RE- LATIONS AND COOPERATION Namibia remains respected globally Country active in Agenda 2063 activities US million grant received from Green Climate Fund Namibia to get N billion from SACU but … from SACU and 30 percent of the 2017/18 national budget is expected to come from SACU receipts alone. The SACU Council of Ministers last week determined, according to the revenue sharing formula for member states, that Namibia would receive more than N billion from SACU in the 2018/19 financial year. This was after SACU informed the government that it had been overpaid for previous SACU receipts and therefore has to repay about N billion. SACU on page 2 New Era Newspaper @NewEraNewspaper #NewEraNewspaper

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