Cooperate with us or face sanctions - EU

European Union ambassador to Namibia, Jana Hybaskova, has said Namibia does not have any other option but to comply with set-recommendations in order for it to be de-listed from the list of countries with non-cooperative jurisdiction for tax purposes.

This follows international media organisations having reported that Namibia had been black-listed as a tax haven and could face a possible cut in funding. 

In a dramatic twist to the developing breaking news, Hybaskova has openly denied that Namibia had been blacklisted.