The Bank of Namibia (BoN) says the oil and gas sector yielded N$33.4 billion in foreign direct investments (FDI) inflows between 2021 and 2023. The apex bank Governor Johannes !Gawaxab said the investments, which have the potential to double the country’s gross domestic product (GDP), resulted in massive oil discovery in 2022 and will make...
Namibia’s first trade verification system (TVS) is expected to reduce potential tax-related offences estimated at N$33 billion, the Ministry of Finance and Public Enterprises says. The TVS, a collaboration between the Bank of Namibia (BoN) and the Namibia Revenue Agency (Namra), was officially launched in Windhoek yesterday. Deputy executive director of economic policy in the...
Handelstekort krimp effe na N$3,3 miljard Die Namibiese handelstatistiek vir September is deur die Namibiese Statistieke-agentskap bekend gestel. Die handelstekort het effe gekrimp na 3,3 miljard Namibiese dollar van 4,9 miljard dollar wat in Augustus aangeteken is maar is hoër as die 2,6 miljard dollar van September 2022 aangeteken is. Oudergewoonte is diamante, uraan, nie-monetêre...
Chinese-owned Zhong Mei Engineering has taken the Namibia Revenue Agency (Namra) to the High Court seeking an order to set aside a decision that will see them pay N$33 million in outstanding taxes. The company, represented by lawyer Sisa Namandje, wants its case to be heard on an urgent basis. This comes after Namra earlier...