A country that is greylisted is an indication the Financial Action Task Force (FATF), an international watchdog, has identified strategic deficiencies in
applicable systems to counter financial crimes.
National
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.
Opinion – Ramifications of educated unemployment
In every discourse revolving around unemployment, education is deemed to be a key component. Education increases the volume of employables. This in turn indirectly increases the level of unemployment.
Opinion – The disappearing culture of reading
Malcolm X once said, “if you want to hide something from black people, put it in a book.” Although the quotation was used in the American context, it has been widely applied worldwide to humiliate Africans.
Opinion – Benefits of obtaining qualifications from different universities
The debate about the advantages and disadvantages of obtaining one’s qualifications from a single university has been raging on for some time now.
Opinion – Remembering Nyerere
On 13 April 2023, one of Africa’s finest brains, Julius Kambarage Nyerere would have turned 101 years old; had he been alive. In Tanzania he is still revered as both Mwalimu (teacher) and Baba wa Taifa (Father of the Nation).
Opinion – Interest rate hikes could trigger recession
The conventional view among economists is that higher interest rates lead to lower inflation. To substantiate my argument, since 2022, the Bank of Namibia increased the repo rate, which never curbs inflation.
Opinion – Raising interest rates may harm economy
The 25 basis points increase in the repo rate from 7.0% to 7.25% announced on 19 April 2023 by the Bank of Namibia will not address the root causes behind the current inflationary pressure. If anything at all, it will only harm the economy.
Know your civil servant – Timely payments a sign of good governance
Tunomukumo Taanyanda is an assistant accountant at the Finance and Administration Department under the Office of the Auditor General.
LEX SCRIPTA with Fedden Mainga Mukwata – Misconduct of being at work while under the influence of intoxicating alcohol
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