Namibia Chamber of Commerce and Industry (NCCI)

03 Nov

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

ObserverObserver MoneyNamibia Chamber of Commerce and Industry (NCCI)

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…

NCCI welcomes easing of restrictions

ObserverObserver MoneyNamibia Chamber of Commerce and Industry (NCCI), NCCI, NCCI President Sven Thieme, president Hage Geingob

Staff Writer The Namibia Chamber of Commerce and Industry (NCCI) says the easing of lock down measures as the country moves to stage 4 as announced by President Hage Geingob on Monday will allow the local economy and businesses to begin to recover. “It is with great relief that we can welcome the start of our society’s reopening, in the wake of this unprecedented economic lockdown. As we take our first steps along the road to economic recovery, we should be immensely grateful for the efforts by Government and particularly of all those who continue to work so hard to…

Business welcomes govt bailout

ObserverObserver MoneyCharity Mwiya, Covid-19, Namibia Chamber of Commerce and Industry (NCCI)

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…