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IIPUMBU SHIIMI

27 Results / Page 1 of 3

Background

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

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 62

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 15

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 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 7 6

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 4

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

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

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