The Namibia Investment Promotion and Development Board (NIPDB) and Namibia Revenue Agency (NamRA) signed a Memorandum of Understanding to promote competitiveness and facilitate the ease of doing business in Namibia. 

The collaboration seeks to streamline income tax and VAT registration processes, improve the administration and enforcement of revenue laws, and foster joint consultations on policy matters that directly or indirectly affect investment. 

Both entities will work towards enhancing capacity, exchanging information, and creating a conducive environment for business growth in line with international best practices. 

"This collaboration reaffirms our dedication to fostering strong partnerships between public institutions to drive economic growth and create economic impact on the livelihood of our people. We also want to have a better understanding of the ecosystem of the investors," said NamRA Commissioner Sam Shivute.

The highlight of the MoU is the one-stop centre at NIPDB that has government services information required by investors.

NamRA will also have a presence at the centre, making it easy for investors to invest in Namibia to further create jobs and contribute to the country's revenue.

"How do we centralise and make sure the customer service is good? Because the investor is working with NamRA, the Ministry of Agriculture, then NAMFISA, and the investors say we do not want to speak to 20 government agencies? Can we find them in one place? That is why we were entrusted by the government to put together a one-stop centre," explained NIPDB CEO Nangula Uaandja.

The MoU therefore aims to close the gap between government entities working in silos.