Elections

 

The Namibia Revenue Agency (NamRA) confiscated goods worth more than N$5 billion between 2004 and 2020.

This was revealed at the NamRA Talks event, where 10 participants presented topics on, among others, the impact of counterfeit goods on the economy and effective ways of taxation in the digital economy.

One of the participants, Onesmus Joseph, spoke about the impact of counterfeit goods on the national economy.


Also speaking at the event was Vivienne Katjiuongua, BIPA CEO

Her presentation focused mainly on intellectual property.


"The future of economies lies in intellectual properties hence, the method of BIPA is to enhance economic growth and development through registration and eventual commercialization of IPs".

Counterfeits feed on our economy.

"Decrease in government tax revenue, reduction in investments and innovation, a reductional loss of profits for local producers and social cost of unfair competition and health and safety hazards passed on to consumers". 


Wilhelmine Ndungula who received the first prize walked away with N$10 000 while David Iileka took home N$ 5 000, and third-placed Onesmus Joseph received N$2 500.

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Photo Credits
NamRa

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Author
Keulukuwa Ndjodhi