Otjozondjupa Region – The Ministry of Finance and Public Enterprises in Namibia is set to host the second public enterprise conference under the theme ‘Driving Sustainable Economic Growth through Namibian Public Enterprises.’ The two-day event, scheduled to take place at the Gross Barmen resort in the Otjozondjupa Region, will convene chairpersons of boards, chief executive officers, managing directors, and executives of public enterprises.
According to Namibian Press Agency (NAMPA), the conference will serve as an ideal platform for delegates from various public enterprises to explore the best governance and performance models. These models are aimed at enhancing a robust corporate governance framework and cultivating a high-performance culture, crucial for transforming public enterprises towards achieving national objectives.
Finance and Public Enterprises Minister, Iipumbu Shiimi, will officiate the conference, focusing on various critical issues, including the effectiveness of public enterprise boards and positioning public enterprises for the emergence of green hydrogen.
Namibia has 81 public enterprises categorized into commercial, non-commercial, and extra-budgetary entities. Despite their number, these entities have faced criticism for poor performance, with many relying on government bailouts to stay afloat.