Author: Maihapa Ndjavera (Maihapa Ndjavera )

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NamRA surpasses revenue collection with N$4 bln
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NamRA surpasses revenue collection with N$4 bln

The Namibia Revenue Agency (NamRA) surpassed its revenue-collection target for the 2022/23 financial year by N$4 billion. Last year, the State revenue collector was required to bring in N$53 billion in what was seen as an ambitious target then, but exceeded this and collected a total of N$57 billion. 

EU committed to making Namibia globally competitive
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EU committed to making Namibia globally competitive

The European Union (EU)-funded twinning project, titled ‘Providing support to the Namibia Standards Institution (NSI)’, together with its partners and the industrialisation and trade ministry, on Tuesday hosted the first-ever EU/Namibia Quality Infrastructure Forum in Windhoek.

Banks not compelled to increase lending rate
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Banks not compelled to increase lending rate

Namibians have no choice but to keep on tightening their belts and reduce spending even more after the Bank of Namibia yesterday increased the repo rate again, this time with 25 basis points, from 7% to 7.25%. This brings the prime lending rate to 11%. 

Hollard agrees  to pay Gondwana
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Hollard agrees to pay Gondwana

Hollard Namibia and Gondwana Collection yesterday announced a settlement regarding Gondwana’s Covid-19 business interruption claim, with each reinforcing their commitment to supporting the Namibian economy in the financial services and tourism sectors. 

Policy gaps scare off investors – NIPDB
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Policy gaps scare off investors – NIPDB

Engagement on relevant investment laws and regulations is part of the Namibia Investment Promotion and Development Board (NIPDB) mandate, considering the impact of the policy environment on investment and the need to provide policy certainty to current and potential investors.