Taxpayers owe the Namibia Revenue Agency (NamRa) a staggering N$ 90 billion accumulated over the years.
NamRA's Chief of Strategic Communications, Stakeholder Engagement, and Taxpayer Education, Yarukeekuro Steven Ndorokaze, described it as a historic debt.
The Namibia dollar has strengthened against the US dollar compared to the same period last year.
As of the start of this year, the exchange rate stood at around N$16 to US$1, an improvement from the N$18 recorded around this time in January 2025.
Zambia has successfully concluded its extended International Monetary Fund Credit Facility programme.
Zambia has started accepting China's yuan for mining taxes, becoming the first African nation to do so.
The Bank of Zambia is aligning its reserve management with the significant role of China as a major copper trade and debt partner.
The annual inflation rate in September increased by zero- comma one percent compared to three-comma-four percent rcorded at the same time last year.
The Namibia Financial Instituations Supervisory Authority indicated the inflation now stands at three-comma-five percent.
With the vision to boost Namibia's economy and uplift the tourism sector, Miss World Namibia 2025, Selma Kamanya, is driving "Global Namibia One" to do just that.
In Zimbabwe the government has suspended duty on fertiliser imports for 12 months to facilitate affordable pricing and boost agriculture production.
Botswana's economy is expected to grow by 3.1% next year, as a plodding recovery in diamond demand and other factors gathers pace to fuel a stunning economic rebound in the southern African country.
The Monetary Policy Committee (MPC) of the Bank of Namibia has decided to keep the repo rate unchanged at 6.5%.
The Governor of the Bank of Namibia, Johannes !Gawaxab, announced this during the final Monetary Policy Announcement of the year.
President Netumbo Nandi-Ndaitwah has commissioned three taskforces, namely on health, land and housing, and economic recovery.
She urged members to maintain unity of purpose and embrace fresh approaches to national challenges.
