Africa Links 24 with Shania Lazarus
Published on 2026-09-10 17:00:00
A Loophole in Namibia’s financial system is causing the country to lose about N$16.7 billion per year.
This is equivalent to about 9% of the country’s nominal gross domestic product (GDP).
The estimated annual leakage is about 16% of the government’s total budget and more than the allocation made to the Ministry of Health and Social Services, which is N$13 billion.
This money is lost through tax evasion, trade incorrect invoicing, corruption and the proceeds of crime.
These…
Read the Full article on The Namibian
