Author: Julia Heita
TAX DEBT AT 42% OF GDP TAXPAYERS OWE TREASURY N$56 BILLION
By: Nghiinomenwa Erastus By the end of September 2021, registered taxpayers owe treasury N$56 billion in tax payable, interest and penalties. The Namibia Revenue Agency (NamRA) revealed this on Tuesday during a media briefing. The amount owed to the treasurer…
NDONGA LINENA…APP HEADING BACK TO THE ELECTORAL COURT
By: Andrew Kathindi All People’s Party (APP) Secretary-General Vincent Kanyetu has confirmed that the party is unsatisfied with the Ndonga Linena Constituency Regional Council election recount last month and will be heading back to the electoral court for recourse. The…
NAM HAD SPENT N$34M ON COFFINS BY AUGUST
By: Nghiinomenwa Erastus Namibia’s small manufacturing sector and dependence have led to the country spending N$34 million on coffins from August last year to the end of August 2021. The country’s most significant monthly coffin expenditure was N$8 million (23,8%),…
WHO RANKS NAM 8TH HIGHEST TB AFFECTED COUNTRY
Namibia has the 8th highest rate of TB globally out of 30, with an estimated 36% of cases going untreated in 2019. The ranking by the World Health Organisation is for both estimated TB incidence and the TB incidence among…
NEW TERMINAL MANAGEMENT TO BE OUTSOURCES
By: Nghiinomenwa Erastus The government seeks a private operator to manage and operate the new container terminal at the Port of Walvis Bay. The government, through the Namibia Investment Promotion and Development Board (NIPDB), announced on Monday. Moreover, it also…
EMERGING MARKETS AND CRYPTOIZATION RISKS…CRYPTO RISK WIDENS WITHOUT CONTROL MEASURES
By: Nghiinomenwa Erastus The acceleration of cryptoization in emerging economies can circumvent exchange and capital control restrictions without a regulatory framework. The International Monetary Fund (IMF) highlighted in its Global Financial Stability Report, October 2021. While noting that the financial…
RETIREMENT FUNDS LIQUIDITY WITHOUT STEAM…INSUFFICIENT CURRENT ASSETS TO COVER CURRENT LIABILITIES
By: Nghiinomenwa Erastus The country’s active pension funds have been struggling with liquidity since 2018, Namfisa 2020 annual report shows. Liquidity is a measure of a pension fund’s ability to meet its short-term financial obligations as they fall due. In…
FATHER KILLS SON OVER PARENTHOOD ARGUMENT
A Katima Mulilo man is in custody after throwing his three-month-old boy son on top of a roof. The police say that the man had confronted his girlfriend regarding the boy’s father. The unnamed man, aged 29, committed the…
THE ARMY CALLS THE VACCINATIONS SHOTS…SOLDIERS ORDERED TO VACCINATE AGAINST COVID-19 NOW
By: Andrew Kathindi The Namibia Defence Force (NDF) members will be subjected to mandatory COVID-19 vaccination, with immediate effect from 29 September 2021, the NDF chief, Air Marshall Martin Pinehas, has announced. Defence minister Frans Kapofi has defended the move….
GOVT SEEKS N$550M TO BE PAID BACK IN JANUARY
By: Nghiinomenwa Erastus The Bank of Namibia has sent out a notice to potential investors and wannabe investors that it seeks to borrow N$550 million by Thursday this week. Treasury Bills are short-term government debt instruments issued by the Namibian…