AGP Executive Report
Last update: 8 hours agoTax Reform: Parliament has begun debating a bill to establish an independent Tax Court for income-tax and VAT disputes, aiming to reduce delays and give businesses greater certainty. Oil and Gas: Meren Energy has completed a restructuring that leaves its investee Impact focused on Namibian assets, including a 9.5% stake in each of the blocks containing the Venus discovery. But only about N$7 billion of Venus’s estimated N$260 billion development spending is expected to reach Namibian businesses. Diamonds: Government is weighing a 5%–10% De Beers stake that could cost up to N$2.8 billion, despite sharply lower diamond revenues and uncertain returns. Investment Rules: A proposed investment bill could reserve some sectors for Namibians, require joint ventures and give ministers approval powers over strategic investments, prompting questions about its effect on foreign capital. Trade: Namibia’s September merchandise trade deficit widened to N$4.7 billion as imports rose to N$16.9 billion, outpacing exports of N$12.2 billion.
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