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Reduction in public debt stock recorded

The government’s public debt stock has decreased to 60.1 per cent of the Gross Domestic Product (GDP) during the 2024/25 financial year from 62.5 per cent recorded at the end of the preceding financial year.

The reduction was announced by Minister of…

NIPDB lauds Shiimi’s impactful budgetary changes

WINDHOEK: The Namibia Investment Promotion and Development Board (NIPDB) has applauded the Minister of Finance and Public Enterprises, Iipumbu Shiimi, for the impactful changes in the 2024/25 National Budget, particularly targeted interventions and in…

Strategic plan for Otjiwarongo Municipality officially launched

OTJIWARONGO: The Otjiwarongo Municipality on Thursday launched its five-year strategic plan at the town.

Minister of Urban and Rural Development, Erastus Uutoni, launched the document in the presence of several regional and local authority councillor…

Economist applauds government on tax reform

WINDHOEK: First National Bank (FNB) economist, Helena Mboti, has applauded the government on the newly announced tax relief, saying it supports the late President Hage Geingob’s legacy of being the people’s president.

She said this in an interview wi…

Shiimi dedicates 2024/25 budget to former President Geingob

WINDHOEK: Finance and Public Enterprises Minister Iipumbu Shiimi said the national budget for the 2024/25 financial year is dedicated to the late President Hage Geingob to honour his legacy.

Shiimi tabled a historic N.dollars 100.1 billion budget in …

Shiimi tables 2024/2025 National Budget

OPUWO: Finance and Public Enterprise Minister, Ipumbu Shiimi, on Wednesday, tabled the national budget for the fiscal year 2024/2025 in the National Assembly, under the theme ‘Continuing the Legacy of the late President Hage Geingob by Caring for the …

SMEs to get relief from VAT administration – Shiimi

RUNDU: Minister of Finance and Public Enterprises, Iipumbu Shiimi on Wednesday said the Financial Year 2024/25 budget will lift mandatory registration threshold for Value Added Tax (VAT) from N.dollars 500 000 to N.dollars 1 million.

Shiimi made the …

Budget provides tax relief to low-income earners: Shiimi

RUNDU: Minister of Finance and Public Enterprises Iipumbu Shiimi said that over the preceding Medium Term Expenditure Framework (MTEF), the ministry maintained a policy stance to not consider new tax policy proposals.

Shiimi said this when he deliver…

Mines and Energy gets N.dollars 381.9 million allocation

OTJIWARONGO: Minister of Finance, Iipumbu Shiimi on Wednesday announced an increase in the budget of the Ministry of Mines and Energy of more than 50 per cent for the 2024/25 financial year.

He made this announcement during the tabling of the 2024/20…

Educational campaign needed to address food poisoning: Maghambayi

RUNDU: Chairperson of the Kavango East Regional Council, Damian Maghambayi said the incident in which two girls died and six other children were hospitalised from suspected food poisoning at Livayi village, needs to be addressed holistically.

Maghamb…

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