Parliament of the Republic of Namibia

Parliament of the Republic of Namibia The Parliament of the Republic of Namibia is one of the three main Organs of the State. The Legislature

Our Legislature is a bi-cameral, consisting of two Houses: National Assembly and National Council.

WELWITSCHIA FUND || The Ministry of Finance today briefed the Standing Committee on Economy and Industry, Public Adminis...
15/09/2026

WELWITSCHIA FUND || The Ministry of Finance today briefed the Standing Committee on Economy and Industry, Public Administration and Planning on the Welwitschia Fund. The sovereign fund, which aims to build national savings that can act as a fiscal buffer during difficult periods or support developmental objectives, was launched in May 2022 with N$260 million in seed capital. According to the M*F, the fund has grown to over N$508 million.

The Ministry revealed that the Fund is structured around two accounts: the Intergenerational Savings Account and the Stabilisation Account. The former sets aside a portion of resource-derived revenue for future generations, funded by mineral royalties (15%), oil and gas revenue, and proceeds from the sale of public assets (33%). The latter exists to protect the national budget against volatility by saving a portion of revenue in good years from SACU receipts and excess natural resource revenue. The Ministry added that funding comes solely from existing revenue streams rather than new taxes, and that the Fund does not add a burden to the budget.

Its governance structure is shared across Parliament, the Ministry of Finance, a Board of Directors, an Investment Committee, and the Bank of Namibia, which will act as the Fund's administrator, handling day-to-day operational management. The Ministry further stated that it benchmarked against Norway, which has the largest sovereign fund in the world, worth over US$2.3 trillion, and whose oil revenue nearly all goes into the fund before a portion is allocated to the national budget. As a result, a proposal has been made for the Welwitschia Fund to have a share ratio of 70:30 of oil revenue in its favour.

This is against the backdrop that Namibia's development trajectory is different from that of Norway, and that the country may require significant developmental funding, and therefore cannot afford to have all of its revenue poured into the fund.

The Draft Bill, the Sovereign Wealth Fund of Namibia Bill, which will establish and govern the Welwitschia Fund once enacted, is now with the Ministry of Finance for final review and is expected to be tabled in Parliament later this year.

15/09/2026

15 SEPTEMBER 2026, FOURTH SESSION, EIGHTH PARLIAMENT, NATIONAL ASSEMBLY

COURTESY CALL|| Speaker of the National Assembly, Hon. Saara Kuugongelwa-Amadhila on Tuesday received a courtesy visit f...
15/09/2026

COURTESY CALL|| Speaker of the National Assembly, Hon. Saara Kuugongelwa-Amadhila on Tuesday received a courtesy visit from a delegation of German members of the Federal Parliament.

The meeting provided an opportunity for the two sides to exchange views on areas of mutual interest and to strengthen the longstanding bilateral relations between Namibia and Germany.

The two sides also exchanged experiences on skills development and Technical and Vocational Education and Training (TVET) among other issues discussed.

The issue of reparations arising from Namibia’s colonial history was also discussed. Both sides acknowledged the importance of the matter and noted that it continues to receive the highest level of attention from the respective governments.

The meeting further highlighted development projects supported by the German Government, particularly in the areas of skills development, vocational education among other projects supported by the German government.

The German delegation also expressed its readiness to support Namibia as the country advances the development of its emerging oil and gas industries, while wishing Namibia success in harnessing these new opportunities for sustainable economic growth and national development.

The meeting was also attended by the Chairperson of the National Assembly Standing Committee on International Relations, Defence and Security, Hon. Dr. Peya Mushelenga and German ambassador to Namibia H.E Mr. Thomas Wimmer.

The relations between Namibia and Germany are multifaceted, due to the long history between the two countries. Both countries cooperate extensively on developmental cooperation and investment in green hydrogen production as well as tourism.

DONATION … The Parliament of the Republic of Namibia on Friday handed over a consignment of fish and fish products to th...
15/09/2026

DONATION … The Parliament of the Republic of Namibia on Friday handed over a consignment of fish and fish products to the Dolam Children's Home in Katutura. The fish was donated to Parliament by the Erongo Regional Council leadership during a recent parliamentary leadership retreat held in Swakopmund. The items donated include 48 cans of Pilchard, three 10 kg of horse mackerel, one box of hake and eight 5kg boxes of hake fillets. The items were handed over by the Director in the Office of the Chairperson of the National Council, Mr Petrus Kavhura and the Deputy Director for Table Office Mr. Simon Uirab.

UP AND READY || Chairperson of the National Council Hon. Lukas Sinimbo Muha and fellow MPs, Hon. Christopher Likuwa and ...
15/09/2026

UP AND READY || Chairperson of the National Council Hon. Lukas Sinimbo Muha and fellow MPs, Hon. Christopher Likuwa and Hon. Reymond Jossop is attending the official opening session of the 69th Commonwealth Parliamentary Conference (CPC) in Cape Town, South Africa. The Conference brings together Commonwealth Legislatures to engage on matters of parliamentary democracy, good governance, institutional development and shared challenges facing the Commonwealth.

PICTURES || National Assembly's Standing Committee on Economy and Industry, Public Administration and Planning held a pu...
11/09/2026

PICTURES || National Assembly's Standing Committee on Economy and Industry, Public Administration and Planning held a public hearing today on lending institutions and informal money lenders, with submissions from the Bankers Association of Namibia.

11/09/2026

🔴 LIVE: Public Hearing on Household Debt & Lending Practices.

The Bankers Association of Namibia is appearing before the National Assembly Parliamentary Standing Committee on Economy and Industry, Public Administration and Planning on the Motion: “Whether the existing laws are truly protecting Namibians from exploitation by lending institutions and informal money lenders.”

PARLIAMENTARY DIPLOMACY|| The National Council today convened a consultative meeting with key national stakeholders on t...
10/09/2026

PARLIAMENTARY DIPLOMACY|| The National Council today convened a consultative meeting with key national stakeholders on the proposed establishment of a Russian Centre of Science and Culture in Namibia.

The discussions form part of the broader Namibia–Russia parliamentary and bilateral relations, including the work of the Namibia–Russia and Russia–Namibia Parliamentary Friendship Groups, and explored potential cooperation in science, research, innovation, higher education, technology and culture.

The National Council emphasised that the proposed Centre has not yet been approved or established, with stakeholder input sought to inform further consideration of the initiative.

The engagement builds on the Inter-Parliamentary Cooperation Agreement signed between the National Council and the Federation Council of the Federal Assembly of the Russian Federation in March 2023.

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Private Bag 13323 & 13371
Windhoek

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Tuesday 08:00 - 17:00
Wednesday 08:00 - 17:00
Thursday 08:00 - 17:00
Friday 08:00 - 17:00

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