MEFT collects over N.dollars 110 million for State Revenue Fund

The Ministry of Environment, Forestry and Tourism collected revenue totalling N.dollars 110 428 687 for the State Revenue Fund (SRF) in 2019/20, the ministry’s 2019/20 financial year annual report indicates.

The recently released report indicates that of the total amount collected for the fund, park entrance fees and the annual levy on gambling income accounted for 90 per cent, with smaller contributions from other categories.

“Gambling licence fees contributed 4.1 per cent to the SRF and wildlife hunting contributed 3.9 per cent, while tourism concessions contributed 2 per cent,” the report reads.

Furthermore, N.dollars 54 075 330.89 was generated by conservancies during the 2019/20 financial period, mainly through tourism joint ventures, conservation hunting and own use hunting.

Twenty-three new permanent and temporary jobs were created within conservancies and 14 new contracts with conservancies were facilitated and negotiated, while 14 contracts that had come to an end were signed with new operators.

“Forty-eight conservancies are now considered to comply with all five key requirements for good governance, namely conservancy committee elections, AGM’s, game management utilisation plan implementation, benefit distribution plan implementation and submitting of financial statements. The ministry assisted conservancies in various matters relating to hunting, including renewal of contracts, the acquisition of hunting rifles, ensuring financial compliance by operators, evaluation of conservation hunting bids and financial conflict resolutions,” it reads.

During the financial year under review, the Ministry of Environment, Forestry and Tourism identified three new tourism concessions for implementation. These are hot air ballooning in the Namib Naukluft Park, tethered balloons in the Namib Naukluft Park and tethered balloons in the Dorob National Park.

The contract for the hot air balloon concession was signed and is valid for a period of 10 years. It is worth over N.dollars 43.5 million and the Government is guaranteed revenue to an amount of over N.dollars 21.7 million for the duration of the contract irrespective of the business performance.

The remaining 50 per cent of the total amount is due after the financial audit report of the company is finalised. The two tethered balloon contracts are due to be finalised pending the fulfilment of certain suspensive conditions, reads the report.

Source: Namibia Press Agency