Businessman Ali Dharani of the Rani Group of Companies says he would have lost up to N$8 million per day if the Namibia Economic Freedom Fighters (NEFF) closed down his shops over the festive season. “I estimate that, should the respondents carry out their threat to shut down all my businesses countrywide (particularly in the...
Namibia has accumulated more than N$110 billion in revenue from the Southern African Customs Union (SACU) since 2017, under the revenue-sharing formula. The revenue-sharing formula is significantly influenced by the value of imports and exports that the country has managed over a specific period. Bank of Namibia Deputy Governor, Leonie Dunn, said this then requires...
Hertta-Maria Amutenja During the first quarter of the current financial year, the Namibia Revenue Agency (NamRA) collected N$18.9 billion in revenue. According to Namra Commissioner Sam Shivute, this amounts to 28 percent of the N$67 billion annual target set for the financial year beginning on 1 April 2023 and ending on 31 March 2024. Last...