Rédaction Africa Links 24 with Staff Reporter
Published on 2024-02-29 13:29:01
Namibia’s minister of finance and public enterprises, Iipumbu Shiimi, announced on Wednesday that the country’s revenue for the year amounted to N$90.4 billion. This substantial amount was boosted by dividend payments totaling N$1.2 billion from the anticipated dissolution of the Namibia Post and Telecom Holdings Company (NPTH).
In addition to the NPTH dividends, Shiimi stated that an extra N$500 million is expected from the sale of the remaining 9% shares in the Mobile Telecommunications Company (MTC). He also mentioned that further dividends are anticipated from other public enterprises, such as the Bank of Namibia, Namibia Desert Diamonds, and the Namibian Ports Authority.
Furthermore, revenue estimates include N$1.4 billion in once-off legacy tax liabilities from selected public enterprises. This influx of funds is significant for Namibia’s economy and will contribute to the country’s financial stability and growth.
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Overall, Namibia’s revenue for the year was boosted by various sources, including dividend payments, share sales, and legacy tax liabilities. These funds will play a crucial role in supporting the country’s economic development and ensuring financial sustainability. Stay informed, support journalism, and contribute to a thriving democracy by subscribing to The Namibian today.
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