The Minister of Finance and Public Enterprises, Iipumbu Shiimi, says the recently effected Tax Amendment Act holds more benefits than a reduction in individuals tax bill.

The Minister of Finance and Public Enterprises, Iipumbu Shiimi has requested the Nampol Inspector-General, Joseph Shikongo to conduct a threat assessment on Namcor Board chairperson, Jennifer Comalie and provide necessary security to her.

The Minister of Finance and Public Enterprises, Ipumbu Shiimi says the coming into force of the Codes of Good Practice is an important step in promoting economic growth and encouraging local investment in the country.

A N$2 billion loan towards economic development programs will see about 350 jobs created in Namibia through water and road rehabilitation projects.

This comes after Namibia and Germany signed financial cooperation agreements to support key infrastructure development.

The Minister of Finance, Iipumbu Shiimi has once again expressed concern over the state of audited financial reports at some town councils and state-owned entities.