Author: Maihapa Ndjavera (Maihapa Ndjavera )

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Shivute warns tax evaders
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Shivute warns tax evaders

Namibia Revenue Agency commissioner Sam Shivute has warned companies and individuals involved in deliberately avoiding their true tax liabilities to expect a visit from his officials soon.

RFA asks for fuel levy increase
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RFA asks for fuel levy increase

Road Fund Administration (RFA) CEO Ali Ipinge said the share of the fuel price RFA receives remains insufficient compared to other countries in the SADC region. He added that about 55%, which is N$1.3 billion out of N$2.42 billion of RFA revenue comes from the fuel levy income, which stands around N$1.48/litre.

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%.