By: Justicia Shipena
Over 50% of commercial public enterprises in Namibia suffered financial losses in the last fiscal year.
This was revealed in a recent report published by the Institute for Public Policy Research (IPPR).
The Quarterly Economic Review (QER) for the fourth quarter of 2023, authored by independent economist Robin Sherbourne, extensively examined economic developments during this period, with a special focus on the reform of public enterprises.
The persistent issue of fiscal strain on the nation’s finances due to underperforming public enterprises, commonly referred to as State-Owned Enterprises (SOEs), has been a consistent concern since the 1990s, particularly following the establishment of numerous new state-owned companies.
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