Nandi-Ndaitwah urges quick Investment Bill, hints at tax cuts

President Netumbo Nandi-Ndaitwah has called on trade minister Selma Ashipala-Musavyi to finalise the Namibia Investment Promotion and Facilitation Bill to boost investor confidence.Speaking at the US-Africa Business Summit in Angola, Nandi-Ndaitwah emphasised the bill’s importance in creating an enabling environment for both local and foreign investment. “The Minister of International Relations and Trade is under clear instructions to make sure that the Namibia Investment Promotion and Facilitation Bill is finalised as a matter of agency,” Nandi-Ndaitwah told investors at the summit. “I am mentioning it because I know many of you have been attending Namibian events, you have been hearing about this bill and I do not want to hide it from you. It is not dead, it is alive and the minister is taking it very seriously,” she said. According to the stateswoman, the finalisation of the bill was important because it will create an enabling environment to attract investment both locally and domestically. Nandi-Ndaitwah also used the opportunity to inform investors that Namibia was revising the corporate tax rates in a move aimed to create a competitive business environment, announcing tax incentives, including a corporate tax reduction from 32% to 30% that came into effective on 1 April 2025, with plans for a further cut to 28% in 2026, reinforcing Namibia’s commitment to a competitive and open business landscape.“While waiting for the finalisation of the law, some tax incentives have already been introduced during the current financial year. For example, the corporate tax is reduced from 32% to 30% effective from the 1 April 2025 financial year,” Nandi-Ndaitwah said. “Looking ahead, we are considering further corporate tax reductions to 28% in starting in the 2026 financial year. Additionally, Namibia offers generous capital allowance to facilitate the growth of investment across various sectors.”Namibia was also open for business, Nandi-Ndaitwah announced. “I can assure you that Namibia is open for business and the government is ready to create a conducive business environment. We are not only looking for investors; we welcome investors who are ready to work with us to meet the goals set out for the Namibian people, while making their profits.”

Nandi-Ndaitwah urges quick Investment Bill, hints at tax cuts

Kommentaar

Republikein 2026-02-02

Meld asseblief aan om kommentaar te lewer

Nandi-Ndaitwah urges quick Investment Bill, hints at tax cuts

Kommentaar

Republikein 2026-02-02

Meld asseblief aan om kommentaar te lewer

Intekening vereis om toegang tot inhoud te kry. ×

MELD AAN

Advertensie

Intekening vereis om toegang tot inhoud te kry.