Category: Industry

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Development should be community-centred: Klazen

KEETMANSHOOP: Minister of Fisheries and Marine Resources, Derek Klazen has said Lderitz is destined to become a booming commercial centre and urged its residents to embrace the new realities that come with socio-economic opportunities.

Klazen, who wa…

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NIPDB lauds Shiimi’s impactful budgetary changes

WINDHOEK: The Namibia Investment Promotion and Development Board (NIPDB) has applauded the Minister of Finance and Public Enterprises, Iipumbu Shiimi, for the impactful changes in the 2024/25 National Budget, particularly targeted interventions and in…

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Economist applauds government on tax reform

WINDHOEK: First National Bank (FNB) economist, Helena Mboti, has applauded the government on the newly announced tax relief, saying it supports the late President Hage Geingob’s legacy of being the people’s president.

She said this in an interview wi…

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Reduction in public debt stock recorded

The government’s public debt stock has decreased to 60.1 per cent of the Gross Domestic Product (GDP) during the 2024/25 financial year from 62.5 per cent recorded at the end of the preceding financial year.

The reduction was announced by Minister of…

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SMEs to get relief from VAT administration – Shiimi

RUNDU: Minister of Finance and Public Enterprises, Iipumbu Shiimi on Wednesday said the Financial Year 2024/25 budget will lift mandatory registration threshold for Value Added Tax (VAT) from N.dollars 500 000 to N.dollars 1 million.

Shiimi made the …

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