NamRa Commissioner sets record straight on tax refunds

NamRa Commissioner sets record straight on tax refunds

Businesses have raised concerns about the tax relief that was gazetted in October. This follows the Ministry of Finance and Public Enterprises' announcement that employers will need to reimburse employees once the new statutory tax rates are officially published. Namibia Revenue Agency's commissioner, Sam Shivute explains.

October 21, 2024 26

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 […]

July 15, 2024 104

Business / Economics

Finance Minister says trade fairs play important role in community development

The Minister of Finance and Public Enterprises, Iipumbu Shiimi, has highlighted the role of trade fairs and expos as platforms fostering meaningful interactions between businesses and communities, ultimately enhancing their daily lives. Speaking at the 14th edition of the Eenhana Expo fundraising gala dinner held on Saturday, Shiimi underscored that these events are not merely gatherings but dynamic forums where innovative ideas are exchanged, partnerships are forged, and solutions are […]

June 24, 2024 22

Business / Economics

NWR achieves record profit amid tough economic climate

The Namibia Wildlife Resorts Board and Management on Tuesday presented the SOEs annual report to the Minister of Finance and Public Enterprises, Ipumbu Shiimi. With a historic N$46 million profit, and clean audit reports for two consecutive years, we asked the NWR spokesperson Nelson Ashipala about the challenges they face.

May 22, 2024 33

Namibia

NWR announces historic profit, and clean audit

Namibia Wildlife Resorts Board and Management have presented the SOEs annual report to the Ministry of Finance and Public Enterprises, Ipumbu Shiimi, today. NWR announced a historic N$46 million profit and clean audit reports for two consecutive years with an increased revenue of 32%, from N$294 million in 2022 to N$387 million. NWR spokesperson Nelson Ashipala has more.

May 21, 2024 46

Business / Economics

Civil Society weighs in on 2024/25 national budget anticipation

Following a meeting last year between the Minister of Finance and Public Enterprises Ipumbu Shiimi and Civil Society organisations about the 2024/25 Budget, we asked the Executive Director of the Institute for Public Policy Research, Graham Hopwood about his expectations.

February 28, 2024 14

Business / Economics

Development economist says SA’s budget lacks political will

With South Africa's Finance Minister Enoch Godongwana presenting the country's budget yesterday, development economist Dr. Nthabiseng Moleko shared with Newzroom Afrika that the budget has shifted its focus towards accounting and fund allocation. Meanwhile at home, the Ministry of Finance and Public Enterprises has set aside 28 February 2024, for the tabling of the 2024/2025 budget. Salomo Hei the Managing Director at High Economic Intelligence says because it’s an […]

February 22, 2024 17