Namibia's public debt is set to surge to N$153.8 billion in the 2023-2024 financial year, an official has revealed.

Loans worth N$326.1 million have been disbursed to a total of 310 small and medium enterprises (SMEs) since the launch of the SMEs Recovery Loan Scheme by the Bank of Namibia, Finance and Public Enterprises Minister Iipumbu Shiimi has revealed.

Namibia has lost an excess of N$4 billion over a three-year period due to undeclared trade transactions, latest data reveals.

Petrol and diesel prices will remain the same in November, the Ministry of Mines and Energy has announced.

The private sector has been touted as a key player in bringing sustainable investments, knowledge and developing skills if the European Union-Namibia roadmap strategic partnership on sustainable raw materials value chain and green hydrogen is to succeed.

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