Namibia Chamber of Commerce and Industry (NCCI)

Business demands Govt pays up…as only N$2.5 billion is paid

Business demands Govt pays up…as only N$2.5 billion is paid

Clifton Movirongo The Namibia Chamber of Commerce and Industry (NCCI) says seven months on, some of its members are yet to be paid by government since the Minister of Finance, Iipumbu Shiimi, announced on April 1, 2020, a N$3.8 billion accelerated value-added tax (VAT) refunds and payments for goods and services supplied to Government. The funds were part of an Economic Stimulus and Relief Package to mitigate the impact of COVID-19 in Namibia. Government in collaboration with Social Security Commission (SSC) and other development partners adopted a Stimulus and Relief Package amounting to N$8.1 billion in total in April. It…
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Business welcomes govt bailout

Business welcomes govt bailout

Staff Writer The Namibia Chamber of Commerce and Industry (NCCI) says government’s N$8.1 billion stimulus package will provide vital support to keep businesses afloat in the wake of the damaging effects of the coronavirus pandemic, which follows four consecutive years of an economic slowdown. The package according to NCCI Chief Executive Officer, Charity Mwiya, will help ease the cashflow hardships many businesses are experiencing in order to pay bills and to pay staff. “As the minister of finance Ipumbu Shiimi recognised in his announcement yesterday, businesses keep people in jobs and during these tough times it is vital that businesses…
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