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Namibia: VAT Estimated to Increase By N$ 2.6 Billion

Summary by allAfrica
Finance minister Ericah Shafudah said Namibia anticipates an improved performance in several domestic revenue streams, highlighting that the country's value added tax (VAT) is expected to rise by N$2.6 billion.

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Namibia: VAT Estimated to Increase By N$ 2.6 Billion

Finance minister Ericah Shafudah said Namibia anticipates an improved performance in several domestic revenue streams, highlighting that the country's value added tax (VAT) is expected to rise by N$2.6 billion.

·South Africa
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MiningmxMiningmx

Diamond slump to hold back Namibia's economic growth

A SLUMP in the diamond market would create a difficult fiscal backdrop for Namibia despite the southern African country forecasting modest growth this year. This is according to a report by Reuters which cited the country’s finance minister Ericah Shafudah saying in a budget speech this week the economy would grow 4.5% this year and 4.7% in 2026. That is better than last year’s estimated 3.7% growth but worse than the 5.4% growth the finance min…

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African Mining MarketAfrican Mining Market

Namibia sees modest pickup in economic growth over next 2 years

Namibia’s government on Thursday forecast a modest acceleration in economic growth over the next two years, but it said the fiscal backdrop would remain difficult because of subdued revenues from the mining sector. Finance Minister Ericah Shafudah said in a budget speech that the Southern African country’s economy was now forecast to grow 4.5% this …

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African Mining Market broke the news in on Thursday, March 27, 2025.
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