Windhoek: Finance Minister Ericah Shafudah announced that Namibia anticipates an improved performance in several domestic revenue streams, with the country’s Value Added Tax (VAT) expected to rise by N.dollars 2.6 billion.
According to Namibia Press…
Windhoek: Minister of Finance Ericah Shafudah presented the N.dollars 106.3 billion national budget in Parliament, emphasizing priorities such as economic development, social protection, and domestic food production. Shafudah highlighted that the budg…
Windhoek: The 2025/26 national budget does not adequately address President Netumbo Nandi-Ndaitwah’s recent promises regarding job creation, economic analyst Salomo Hei has said. Hei, who is the Managing Director of High Economic Intelligence, told Na…
Windhoek: Namibia’s economy is projected to expand by 4.5 per cent in 2025 and 4.7 per cent in 2026, representing an increase from earlier estimates of 3.7 per cent and 4.4 per cent for the respective years. This was announced by the Minister of Finan…
Windhoek: Alcohol lovers and smokers now have to dig deeper into their pockets following an increase of 6.75 per cent in excise duties on wine, spirits, cigars, and cigarettes. The increase has already taken effect on 12 March 2025.
According to Nam…
Windhoek: Minister of Finance, Ericah Shafudah, said the proposed Financial Year 2025/26 National Budget contains macroeconomic and tax policy proposals aimed at supporting economic growth through boosting domestic demand. Shafudah said this while tab…
Windhoek: The Namibian Government has outlined a strategic plan to settle its US dollars 750 million (N dollars 13.6 billion) Eurobond, which matures on 29 October 2025. A Eurobond is an international bond issued in a currency different from the curre…
Windhoek: While the nominal growth of Namibia’s public debt has stabilised, its ratio to Gross Domestic Product (GDP) has deteriorated due to lower nominal GDP outcomes, raising concerns. This was according to the Minister of Finance, Ericah Shafudah,…
Windhoek: Minister of Finance Social Grants Management, Ericah Shafudah, has called on taxpayers with outstanding debts to settle their obligations without incurring penalties and interest through the tax amnesty programme. She made the call during th…
WINDHOEK: The Namibian economy experienced growth of 2.8 percent in the third quarter of 2024, driven primarily by robust performance in the tertiary industries, according to a report from the Namibia Statistics Agency (NSA).
According to Namibia Pre…
GOBABIS: The newly completed 170-kilometre road connecting the Aminuis Constituency to Gobabis has been officially opened by President Nangolo Mbumba, marking a significant advancement in infrastructure within the Omaheke Region. This key segment of M…
Tsumeb: The Tsumeb Municipality is preparing to increase water tariffs in July 2025 to cover the operational costs of its newly constructed water treatment plant, valued at N.dollars 36 million. The municipality’s engineer, Manuel Pedro, stated in an …
Windhoek: The Bank of Namibia (BoN) has reduced the repo rate by 25 basis points to 7.00 percent to stimulate domestic economic activity. The decision was made during the sixth and final Monetary Policy Committee (MPC) meeting of 2024, held on 02 to 0…
WALVIS BAY: Embwinda Fishing’s newly acquired fishing vessel, MFV Oukaume, is poised to bolster industry growth and sustainability, having already created over 30 new jobs. Embwinda Fishing, a consortium of several fishing companies, has strategically…
Ondangwa: The National Housing Enterprise (NHE) has delivered a total of 506 houses during the 2023/24 financial year. This announcement was made by NHE Corporate Communications and Marketing Manager Mutonga Matali during a media engagement held at On…