National Council members

NIDA’s road to recovery

NIDA’s road to recovery

Martin Endjala The Namibia Industrial Development Agency (Nida) is finalising its 2023/24 fiscal year report and addressing criticism over poor infrastructure, performance, and transparency. In August, National Council members suggested dismantling Nida due to its shortcomings, including a N$100 million abandoned crocodile farm in Kongola, Zambezi region. Acting CEO Richwell Lukonga assured that financial reports would be public by year-end and outlined the agency's strategic plan for 2024-2028. “These reports, which cover the financial performance of the agency, are expected to be made public towards the end of the year,” he confirmed. Nida is also focusing on sustainable livestock management…
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