List Of All Parastatals In Namibia

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List Of All Parastatals In Namibia

What are Parastatals?

A state-owned enterprise or government-owned enterprise is a business enterprise where the government or state has significant control through full, majority, or significant minority ownership. Defining characteristics of SOEs are their distinct legal form and operation in commercial affairs and activities.

Here are the list of all Parastatals in Namibia

NamDeb

Namibia Diamond Trading Company

Bank of Namibia

Namibia Post & Telecommunications Ltd

Namibia National Reinsurance Corporation Ltd

University of Namibia

Namibia Students’ Financial Assistance Fund

Veterans Subversion Fund

Namibia Broadcasting Corporation

Namibia University of Science and Technology

Namibia Training Authority

Development Bank of Namibia

National Housing Enterprise

Agribank

Namibia Airports Company

Namibian College of Open Learning (NamCOL)

Namport

Land Acquisition and Development Fund

National Youth Service

Namibian Institute for Public Administration and Management (NIPAM)

SME Bank of Namibia

Namibia Statistics Agency

Namibian Standards Institution

Namibia Tourism Board

Regional Equity and Development Fund

TransNamib

National Emergency and Disaster Management Fund

Namibia Qualifications Authority

Youth Credit Scheme

Namibia Press Agency (NAMPA)

New Era

National Youth Council

Namibia Wildlife Resorts

Social Security Development Fund

Namibia Development Corporation

Financial Interagency Centre

Epangelo Mining

NamZim

Fisheries Observer Agency

Namibian Maritime and Fisheries Institute

Roads Authority

Frequently Asked Questions

How many parastatals are in Namibia?

The Ministry of Public Enterprises(MPE) operates a number of programmes to align, integrate and oversee the functions and responsibilities of the 98 parastatals, and to benefit from synergies between the State Owned Companies .

Is nampost a parastatal?

Nampost is the parastatal that had been created in the post independent Namibia to take over the traditional post Office services of the pre independence Namibia. Nampost is wholly owned by the Namibian government, through it’s, Namibia Post and Telecommunications holding company(NPTCH).

Is meatco a parastatal in Namibia?

MEATCO will remain a state-owned enterprise (SOE) until new operational structures are proposed and the necessary amendments are made to the legislation affecting the operations of the company.

What are the government parastatals?

A company, agency, or intergovernmental organisation, that possesses political clout and is separate from the government, but whose activities serve the state, either directly or indirectly. Owned or controlled wholly or partly by the government.

What is a public company in Namibia?

State-owned enterprises, in Namibia also called Public enterprises, fall under the Namibian Ministry of Public Enterprises established in March 2015. Leon Jooste heads this ministry.

What is a parastatal body in Namibia?

Means a legal entity owned, managed, or controlled by the Government and created to undertake commercial activities on behalf of the Government.

What is the meaning of government parastatals in Namibia?

GOVERNMENT. /ˌpærəˈsteɪtəl/ us. used to describe a company or organization which is owned by a country’s government and often has some political power: The intention of the Government is for all parastatal companies to be privatized.

Is public company listed in Namibia?

A public company need not always be listed. An unlisted public company is one which is not listed on any stock exchange but can have an unlimited number of shareholders to raise capital for any commercial venture.

Is it better to work for a private or public company in Namibia?

The top benefits of working in the private sector are greater pay and career progression. The reason why private companies are able to provide better pay is because of the financial burden public companies have to face with the increase in benefit costs for them.

Do private or public companies pay more in Namibia?

Most privately owned companies pay better than their publicly owned counterparts. One reason for this is that, with many exceptions, private companies aren’t as well known, so they need to offer better incentives to attract the best employees. Private companies also tend to offer more incentive-based pay packages.

What is difference between public and private company in Namibia?

The public company refers to a company that is listed on a recognized stock exchange and its securities are traded publicly. A private company is one that is not listed on a stock exchange and its securities are held privately by its members.

What is meant by public sector in Namibia?

In general terms, the public sector consists of governments and all publicly controlled or publicly funded agencies, enterprises, and other entities that deliver public programs, goods, or services.

Why is it necessary for the public sector to play a role in the economy in Namibia?

Economic growth and good stewardship of South Africa’s resources and economy, equal education opportunities, a strong healthcare system and services to combat AIDS, significant infrastructure investment, equal access to housing, and social program delivery are all priorities.

What is the role of the public sector in Namibia?

The public sector refers to all those occupations and economic activities which are owned and controlled by the government. The main aim is not only to earn profits but also to provide key services to the people at low costs.

Why is the public sector important in Namibia?

The goal of the public sector is to provide a service to all and, as the name suggests, acts in the public interest. In an environment which is driven by quality of service rather than profit, there’s much more opportunity to improve people’s livelihood.

Is it necessary to have public sector in Namibia?

Yes, it is necessary to have public sector due to its contribution to economic development of India. (i) It ensures rapid economic development. (ii) It promotes redistribution of Income and wealth. (iii) It develops industries which require huge investment.

What is the difference between public sector and private in Namibia?

The private sector is the part of the economy that is run by individuals and companies for profit and is not state controlled. Companies and corporations that are government run are part of what is known as the public sector, while charities and other nonprofit organizations are part of the voluntary sector.