Public Enterprises

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Business / Economics

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.  

today21 October, 2024

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

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 […]

today24 June, 2024

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.

today22 May, 2024

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.

today21 May, 2024

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 […]

today22 February, 2024