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Govt to rake in N$180 million in taxes from insurance sector
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Govt to rake in N$180 million in taxes from insurance sector

The Treasury has introduced a cocktail of tax reforms that will see the government raking in N$180 million in taxes from the insurance sector. The Minister of Finance and Public Enterprise Iipumbu Shiimi said the change takes effect in the 2024-2025 financial year and is projected to yield additional revenue of N$180 million per year....

Govt’s land lease to Hyphen to rake in N$330m
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Govt’s land lease to Hyphen to rake in N$330m

Hyphen, the company that was awarded the contract to spearhead the large-scale green hydrogen production in Namibia, will today launch its socio-economic development framework, which details the benefits and opportunities for Namibians. And that includes some N$330 million rental income for the state. On Friday, the company revealed that this framework highlights the socio-economic development...