Taxman defends informal sector tax
Inland Revenue Commissioner, Justus Mwafongwe, has defended government’s decision to force informal business owners to pay tax, arguing that most people in the sector earn more than those who are...
View ArticleGovernment bond interest payments rise
The downgrading of Namibia’s credit rating by rating agencies and the slowdown in the economy, has led to government paying more interest on bonds issued, an analyst has said. “The interest rate...
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New VAT scam surfaces
The Ministry of Finance is investigating another VAT scam involving briefcase companies that claimed refunds from the Department of Inland Revenue based on fictitious invoices, Finance Minister, Calle...
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Fisheries will not ‘micromanage’ rights holders – PS
The Ministry of Fisheries and Marine Resources will not micro manage small fishing right holders by merging them with big companies that have fishing vessels, Permanent Secretary, Moses Maurihungirire,...
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Charcoal Association rules out bamboo production
With countries like Kenya and Zambia planning to stop deforestation by banning charcoal burning in favour of Chinese solid bamboo,the Namibia Charcoal Association does not foresee itself following the...
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Nimbus’ rights offer raises N$103m
Nimbus Infrastructure Limited announced Wednesday that it had raised N$103.4 million through a recent rights offer. The company had targeted a maximum of N$163 million by offering 15,545,085 new Nimbus...
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Nedbank, Paladin restructures US$45 million loan deal
The restructuring of a U$45 million loan agreement between Nedbank and Paladin Energy initially agreed in January this year will save its Namibian unit, Langer Heinrich, from paying interest on the...
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Nam-mic buys 10 pct stake in Gondwana
Nam-mic Financial Services Holdings (NFSH) has bought a 10 percent stake in Gondwana Holdings Ltd for an undisclosed amount, the companies recently announced. The capital invested flows directly into...
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Mushimba launches new venture capital fund
Ujama Mushimba, daughter to the late business mogul, Aaron Mushimba, has launched a new venture capital fund and network that targets women owned high growth businesses. Ujama Mushimba, daughter to the...
View ArticleNew cement plant to be commissioned in October
Whale Rock Cement, the second cement producing company in Namibia after Ohorongo Cement, expects to fully commission its plant at the end of October, spokesperson Manfred /Uxamb told the Windhoek...
View ArticleDBN pumps N$400m in renewable energy
The Development Bank of Namibia (DBN) has so far invested N$400 million in renewable energy projects, the lender revealed this week. The latest solar project funded by the bank is the 5 MW SunEQ, which...
View ArticleBright prospects for solar power finance
Privately owned renewable energy generation facilities can secure and enhance Namibian enterprise activity. Currently, Namibia has a deficit in electricity generation capacity, and in order to address...
View ArticleInformal tax requirements cumbersome – expert
A presumptive tax could be the best way of ensuring that the informal sector pays tax without the need for them to keep supporting documents for tax obligations,Nangula Uaandja, Country Senior Partner...
View ArticleNamibia could benefit from major investments into SA
Namibia could benefit from stronger economic growth in South Africa since it potentially increases the demand for Namibian goods and services, including tourism,Economic Association of Namibia Research...
View ArticleBidvest pays N$75 m to Bidfish shareholders
Bidvest Namibia paid N$75 million to minority shareholders in its fishing unit firms, Namsov Properties and United Fishing (Bidfish), before it sold its fishing business to Tunacor for an undisclosed...
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Peugeot investment could open floodgates
The envisaged multi-million dollar Peugeot Assembly Plant at Walvis Bay, which is a joint venture with the government could open floodgates as investors take advantage of fully serviced industrial...
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Kudu to get SADC lifeline
The Southern African Development Community’s (SADC) Regional Gas Master Plan, which is expected to be adopted by the Heads of State when they meet in Windhoek later this month,will give the long...
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Leading cosmetic brands turn to Namibian ingredients
Namibian beauty products are increasingly being used as ingredients in beauty products made by multinationals such as L’Oréal and many others,an industry player revealed during an interview at the SADC...
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Namibia seeks regional production collaboration
Namibia is looking at building value chains with its neighbours whereby products can be jointly produced through a production chain before they are eventually exported or consumed within the Southern...
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Twapewa Kadhikwa talks about Olafika and her road to business success
Windhoek Observer (WO) Journalist, Khanyiswa Mogotsi, this week spoke to entrepreneur and businesswoman, Twapewa Kadhika, who has partnered with Namibia Diamond Trading Company (NDTC) to createThe...
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