Some entrepreneurs at the just-ended 7th Rundu Annual Trade Fair described the event as a success. Lukas Soulja Nekongo is the General Manager of WHK INK Tattoo Studio and Piercing and has been frequenting the Rundu Annual Trade Fair since its inception in 2018. He kept coming back because his services were popular, not only […]
Coca-Cola Beverages Africa has invested N$877 million in a new bottling line for Namibia, expected to boost its production capacity by 30%. The investment will also include the installation of a water treatment plant with state-of-the-art water recovery technology designed to mitigate water consumption. The new bottling line is capable of producing 27,000 bottles per […]
The Keetmanshoop Town Council has successfully hosted an Investment Day aimed at boosting the town’s economic growth. The event was part of the just-ended Keetmanshoop Agricultural, Industrial, and Tourism Expo. The event brought together local entrepreneurs, community members, and investors to unlock new business opportunities and foster partnerships. It was held under the theme ‘Unlocking […]
Finance and Public Enterprises Minister, Iipumbu Shiimi, has called on institutions to submit their annual reports on time, as required by law. Shiimi commended the Namibia Revenue Agency (NamRA) on the punctual submission of its 2023/2024 annual report. The Finance Minister noted that many institutions still face challenges in submitting their annual reports on time, […]
The Ministry of Urban and Rural Development is hosting a five-day workshop with all 14 regional councils and delegating line ministries to look at the revised decentralisation procedure manuals and guidelines on finance, human resources, and asset management. Godwin Sikabongo, Director of Decentralisation, informed the workshop participants that the current manuals were developed a long […]
The |Khomas Regional Council and the Ministry of Gender Equality have donated materials for income-generating projects valued at N$270,000 to various SMEs in an effort to tackle the high unemployment rate in the country. The 11 beneficiaries are three needlework businesses, a carpentry business, a laundrette, two rental enterprises, a manufacturing company, a catering business, […]
The Development Bank of Namibia (DBN) attained a net operating profit of N$62 million in the last financial year. This was revealed by the Chief Executive Officer of DBN, Dr. John Steytler, at the launch of the DBN Integrated Annual Report 2023/2024 in Windhoek on Thursday. Dr. Steytler said this net operating profit marks significant […]
The Minister of Finance, Iipumbu Shiimi, has announced significant tax reforms and budget adjustments aimed at supporting the economy and providing relief to taxpayers. Starting in April 2024, the corporate tax rate will decrease from 34% to 31%, with plans to further lower the tax to 28% by the 2026/27 fiscal year. The income tax […]
Finance Minister Iipumbu Shiimi’s mid-term budget features a N$1.1 billion allocation to the goods and services across various government departments. This includes a specific allocation of N$200 million aimed at supporting the Electoral Commission of Namibia (ECN). The Finance Minister said this budgetary adjustment reflects the government’s commitment to addressing pressing needs and improving service […]
Finance Minister Iipumbu Shiimi was unable to present the mid-term budget statement this afternoon due to a lack of a quorum. National Assembly Deputy Speaker, Loide Kasingo, adjourned the house minutes into the sitting. Shiimi was set to take to the podium to present the midterm budget statement when the presiding officer called off the […]
