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Omanyano ovanhu koikundaneki yomalungula kashili paveta, Commisiner Sakaria takunghilile

Veronika Haulenga

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Omanyano ovanhu koikundaneki yomalungula kashili paveta, Commisiner Sakaria takunghilile

Veronika Haulenga

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    Omanyano ovanhu koikundaneki yomalungula kashili paveta, Commisiner Sakaria takunghilile Veronika Haulenga

Ministry of Finance

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Business / Economics

Morning Biz News – 19 February 2025

The Namibian stock market recorded notable trading activity this month, with a total of 940,710 shares exchanged, valued at N$13.4 million across 53 deals. The financial sector led trading volumes, with 1,089,156 shares changing hands, amounting to N$2.6 million. Year-to-date, 8.4 million shares have been traded, totaling N$496.4 million across 660 deals. In South Africa, Statistics South Africa (Stats SA) has delayed the release of the January 2025 inflation report […]

todayFebruary 19, 2025 19

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Namibia

IPPR Highlights Key Issues Ahead of Mid-Year Budget Review

Graham Hopwood, Director of the Institute for Public Policy Research, spoke about the organization's years-long consultations with the Ministry of Finance and Public Enterprises. In preparation for the upcoming mid-year budget review set for today, the IPPR has gathered insights and proposals from various civil society groups to emphasize critical issues that need to be addressed by the Minister and his team.  

todayOctober 28, 2024 31

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Namibia

Finance Ministry calls for employee PAYE refunds after tax changes

The Ministry of Finance and Public Enterprises has instructed employers to reimburse employees once the new statutory tax rates are gazetted, according to a media release issued on Saturday. The Ministry's spokesperson, Wilson Shikoto, explains.     Cirrus Capital economist Robert McGregor said that the amendment will provide consumers with additional relief over and above the 25 basis points repo rate reduction seen last month.      Meanwhile, business owner […]

todaySeptember 16, 2024 116

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Business / Economics

Austria proposes construction of affordable houses in Namibia

      An Austria-based Global Housing Solutions company has proposed to build affordable houses in Namibia, through a government-based loan of N.dollars 1.4 billion (70 million Euros). This is according to Austria's 10th Federal Chancellor Alfred Gusenbauer who during a courtesy visit to President Nangolo Mbumba on Monday said through their facilitation the Namibian government could enter into a contract with an Austrian commercial bank with a grace period […]

todayJuly 15, 2024 127

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Namibia

Ministries Collaborate to Establish Special Economic Zones for Industrial Growth

In a strategic collaboration between the Finance and Public Enterprises and Industrialisation and Trade ministries, Namibia is gearing up to establish Special Economic Zones aimed at fostering competitive industrial development. Finance Minister Ipumbu Shiimi announced that participants in these zones will enjoy a favorable corporate income tax rate of 20%, along with standard deductions for capital allowances and zero-rated VAT within the designated areas. Theo Klein, an economist from Oxford […]

todayMarch 4, 2024 49

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Business / Economics

Budget Statement for the 2024/25 Financial Year

Introduction Honourable Speaker, Honourable Members of Parliament, Fellow Namibians, I have the distinct honour this afternoon to table before the National Assembly the budget proposals for the FY2024/25 and the Medium Term Expenditure Framework for FY2024/25 – FY2026/27 under the theme “continuing the legacy of His Excellency Dr. Hage G. Geingob by caring for the Namibian child”. Before I delve into the details of the budget, I would like to […]

todayFebruary 28, 2024 152

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Business / Economics

N-Soft Spearheads Digital Sovereignty and Economic Intelligence with New Burundi Partnership

    N-Soft is set to revolutionize revenue mobilization in Burundi, a nation of just over 13 million people with a 4.0% growth rate, through the imminent deployment of the Gambling Management System (GMS), its disruptive governance solution for the gambling sector. Because of the lack of transparency in the industry, millions of dollars in revenue go unreported and untaxed every year. However, up until now, the national authorities have […]

todayFebruary 21, 2024 19

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Namibia

Ministry of Public Enterprises intends to implement a new game plan for State-owned enterprises

The Finance and Public Enterprises ministry intends to implement what it calls a new game plan aimed at enhancing the effectiveness of State-owned enterprises, with a particular focus on boards’ performance. Minister Iipumbu Shiimi revealed the plan during the public enterprises conference held at Gross Barmen this past week, saying it will include the recruitment of experienced individuals to serve as board members of SOEs and measuring their performance.

todayNovember 27, 2023 24

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Business / Economics

Government launches ‘My First Job’ program to address youth unemployment

To combat the high youth unemployment rate of 48%, the government is launching the "My First Job" program, comprising the Youth Employment Tax Incentive and National Internship Programme. Led by the Ministry of Finance and Public Enterprises, the Ministry of Higher Education, Technology & Innovation, and the Namibia Investment Promotion and Development Board, the initiative addresses graduate unemployment by providing initial industry experience for school leavers and graduates.

todayNovember 23, 2023 76