While legislators have taken issue with a paltry 5% royalty rate that Namibia receives from domestic mining operations, the Chamber of Mines vehemently opposes any suggestions of an increase.
Author: Maihapa Ndjavera (Maihapa Ndjavera )
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MPs want FIMA preservation clause changed
Members of Parliament have advised finance minister Iipumbu Shiimi to put on hold all controversial clauses in the Financial Institutions Markets Act (FIMA). These include the seemingly contentious pension preservation clause.
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Struggling consumers must persevere…BoN yet to offer relief
Namibians have little choice but to continue tightening their financial belts and keep expenses at a minimum after the Bank of Namibia yesterday kept the repo rate unchanged at 7.75%.
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Namport positions itself for new developments … as company finances continue to grow
Namibian Ports Authority CEO Andrew Kanime indicated that the organisation would now focus on strategic planning and market response to properly position the company as a major catalyst for Namibia’s development.
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Teks-i mātare-aon ge N$79 biljunsa surude hâ
!Nani ǁkhâgu ǀguigu māsa xoaǁnâs surudegu proxrammi ǁaeb nî !gûǀams ai!â !gauhâ hîan ge noxopa 235 505 teksmātare-aona noxopa mâǂoa hâ surudegu ǀkha ǂnôa, tis ge Namibiab Teksǀhaoǀhaos ǂNûiǂgāsa(NamRA) ra mî.
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Labour minister bemoans insufficient budget allocation
Labour minister Utoni Nujoma has emphasised that effectively providing service delivery, focusing on the protection of workers and improved compliance levels requires sufficient investment and budget allocations.
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Uanguta touts TIPEEG’s economic trajectory
DEPUTY governor of the Bank of Namibia, Ebson Uanguta says massive capital injections into the domestic economy by the government, such as the Targeted Intervention Programme for Employment and Economic Growth (TIPEEG), should be used to prop up the economy, particularly at times when economic growth is found wanting.
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Alweendo: Government investigates going nuclear
Mines and energy minister Tom Alweendo has confirmed that government is looking at the possibility of introducing nuclear energy as an additional power source for Namibia.
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Taxpayers owe N$79 billion
With six months left for the final leg of the tax amnesty programme, 235 505 taxpayers are in arrears with the Namibia Revenue Agency.
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Local diamonds lose lustre
THE diamond sector is facing a significant challenge of low international demand. Coupled with a G7 decision to route all diamonds through Belgium, this poses a serious risk to the well-being of Namibia’s diamond mining sector.