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Six of 20 Commercial SOE Declared Dividends In 2 Years

By:Nghiinomenwa-vali Erastus
Only five commercial public entities plus Namdeb have declared dividends to their main shareholder, the government, in the past two years, according to the Ministry of Finance and Public Enterprises.
These are Namibre, NASRIA, Bank of Namibia, Namdia and Namibia Post and Telecom Holding (NPTH), the parent company of Telecom Namibia, MTC and Namibia Post.
The Ministry was responding to The Villager’s questions on the performance of the 20 commercial public enterprises for the past two years.
“The Ministry of Finance and Public Enterprises can confirm that NPTH, Namibre, NASRIA, and NAMDIA declared dividends.”
Other entities are Bank of Namibia and Namdeb.
The Ministry, however, did not divulge the amount paid in dividends to government.
All the public enterprises that declared dividends have their annual reports online that can be accessed by the taxpayers.
According to the Finance Ministry, Namibia Wildlife Resort and Namibia Airport Company have asked for recapitalization from Treasury.
The Ministry of Finance and Public Enterprise s has introduced a new performance monitoring and evaluation framework (PMEF), a first of its kind for Namibian public enterprises.
The system will allow the Ministry to receive all public enterprises’ business plans and financial statements online and will enable real-time data availability.Email:

Nghiinomenwa-vali Erastus

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