insert_link Namibia NamPost to handle nationwide cash distribution of social grants from October The Ministry of Finance has declared that NamPost will become the official provider of cash social grant payments from 1 October 2025. This transition aims to improve access and streamline payment systems nationwide, especially in rural and underserved areas. Ministry spokesperson Wilson Shikoto explained this move aligns with government efforts to modernise payments and enhance financial inclusion through NamPost’s robust network across the country. Under the new model, beneficiaries residing […] today30 July, 2025
insert_link Oshiwambo Epangelo ola shiivifa la dimina etulomoilonga lo vanailonga vakale hava kufako oshipambu sho penjela yavo Epangelo ola shiivifa la dimina etulomoilonga lo mulandu upe oo ta ukapitika ovanailonga ve pangelo va dule oku kala hava pewako ko shipambu shavo sho imaliwa yo pendjela opo shi va pitike oku futa omikuli davo oko vedi pula ngenge va dopa oku shunako. Oo eli ominsiter yeembongo oshoyo eungaungo lo mayakulo oshikuvila sho vanhu va pumbwa omayambidido Ericah Shafudah, edi okwe di koleka pefimbo lo shipopiwa shaye meumbo lo […] today26 June, 2025
insert_link Business / Economics NamRa employee suspended in tax refund scam, three arrested The Namibian Revenue Agency (NamRa) has revealed a fraudulent scheme connected to its ongoing Mass Tax Refund Initiative, resulting in the unlawful payout of over N$666,000 in tax refunds. The fraudulent activity, which was uncovered between January and April of this year, has led to the suspension of one of NamRA's employees and the reversal of a secondment involving a Ministry of Finance official. Chief of Strategic Communications and Support […] today6 May, 2025
insert_link 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 […] today19 February, 2025
insert_link 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. today28 October, 2024
insert_link 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 […] today16 September, 2024
insert_link 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 […] today15 July, 2024
insert_link 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 […] today4 March, 2024
insert_link 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 […] today28 February, 2024
