Namibia Finance Minister Urges Enhanced Intra-African Trade at World Customs Organisation Meeting Finance and Public Enterprises Minister, Iipumbu Shiimi emphasized the crucial role of customs administrations in boosting trade among African nations at the 30th East and Southern Africa Governing Council meeting of the World Customs Organisation in Swakopmund. Shiimi highlighted the importance of data exchange, system interconnectivity, and harmonisation of legislation and policies to strengthen revenue collection and foster improved trade partnerships. He urged member states to align with the aspirations […] todayMay 24, 2024 9
insert_link Namibia Tax Relief Fra Ahead: Namibia’s Minister Shiimi Promises Benefits for Taxpayers Finance Minister, Iipumbu Shiimi has announced forthcoming tax relief measures, including raising the tax threshold to N$100,000, which will exempt individuals earning up to this amount from income tax. The amendment, part of the national budget for 2024/25, is currently undergoing legal review and is expected to be finalized by October. Shiimi highlighted the importance of providing relief to households amidst economic challenges like high interest rates and inflation, reassuring […] todayMay 21, 2024 74
insert_link Namibia Tax Exemption Windfall: Namibians Set to Benefit in 90 Days Namibians earning N$100,000 or less annually are poised to experience the benefits of the tax exemption recently announced by Finance and Public Enterprises Minister Iipumbu Shiimi within approximately 90 days. The tax breaks encompass the first N$100,000 of employees' earnings, rendering it tax-free. This development comes in the wake of Shiimi's budget speech in parliament, where he elevated the tax threshold from N$50,000 to N$100,000, signifying a positive shift in […] todayMarch 6, 2024 19
insert_link Business / Economics Budget 2024-2025 Review: Building Resilience for Growth and Diversification By Josef Kefas Sheehama A number of controllable reforms must be implemented in addition to the macroeconomic framework. Prudent and credible monetary and fiscal policy, a sound financial system, and adherence to the law are the cornerstones of economic growth. To do this, bold measures must be taken to boost confidence, encourage investment and the creation of jobs, lessen economic inequality, and remove regulatory obstacles. First and foremost, I would […] todayMarch 4, 2024 7
insert_link Business / Economics The Alexforbes Lead Story – 29 February 2024 Gary speaks to local economists Ruusa Nandago, Angelique Bock, and Robert McGregor to get their thoughts on this year's National Budget. https://iono.fm/e/1411070 todayMarch 1, 2024 35
insert_link 6 Namibia Budget Boost: Ministry of Gender, Poverty Eradication, and Social Welfare Sees 23.2% Increase to N$8 Billion In the latest financial update, Finance and Public Enterprises Minister Iipumbu Shiimi revealed a significant 23.2% increase in the budget for the Ministry of Gender, Poverty Eradication, and Social Welfare, reaching N$8 billion. Shiimi explained that this allocation includes N$824.7 million to maintain the real value of social safety nets in the face of high inflation and a considerable dependency ratio. Furthermore, the government has allotted funds for increased food […] todayFebruary 29, 2024 10 6
insert_link Namibia Minister Shiimi Allocates N$6.8 Billion for Efficient Public Governance in 2024/25 Budget Finance and Public Enterprise minister, Iipumbu Shiimi, highlighted the allocation of N$6.8 billion to the administrative sector for the 2024/25 Financial Year during the National Budget presentation on Wednesday. This funding, constituting 7.8% of the budget, aims to support effective governance and enhance the efficiency of public services. Additionally, the Ministry of Urban and Rural Development's budget saw a substantial increase of 37.6%, reaching N$2.6 billion. Part of this allocation, […] todayFebruary 29, 2024 5
insert_link Business / Economics Minister Shiimi Unveils N$100 Billion Budget with Focus on Development and Growth Finance and Public Enterprises Minister Iipumbu Shiimi presented a N$100 billion budget to the National Assembly for the fiscal year 2024/25, with over 20% earmarked for economic and infrastructural development. Emphasizing the theme ‘Continuing the Legacy of President Hage Geingob by Caring for the Namibian Child,’ Shiimi highlighted specific provisions for infrastructure development to address gaps and boost Namibia’s economic growth objectives. The budget allocates N$20.9 billion for FY2024/25 and […] todayFebruary 29, 2024
insert_link Namibia EXCLUSIVE INTERVIEW: Activist Rosa Namises Critiques Namibia’s National Budget and Calls for Action In a heartfelt commentary on Namibia's national budget, activist Rosa Namises expressed her disappointment, particularly regarding the anticipated increase in the old age pension. Promised by the late president, the expectation was for a substantial raise, but the reality turned out to be a mere 200 Namibian dollars. Namises questioned when and why this change occurred, emphasizing the impact it would have on the elderly population, who are already […] todayFebruary 29, 2024 15
Paying it forward: Kenyan coastal doctor Bashrahil Mohammed Mafudh has made it his life’s work to care for the most vulnerable in his community, at no cost.
