State institution dividends boost Namibia’s revenue

Iipumbu Shiimi

Namibia’s revenue of N$90,4 billion, announced by minister of finance and public enterprises Iipumbu Shiimi on Wednesday, was boosted by dividend payments of N$1,2 billion from the anticipated dissolution of the Namibia Post and Telecom Holdings Company (NPTH).

Shiimi told the parliament an additional N$500 million is expected from the sale of the remaining 9% shares in the Mobile Telecommunications Company (MTC).

“Further dividends are expected from other public enterprises, notably, the Bank of Namibia, Namibia Desert Diamonds, and the Namibian Ports Authority,” he said.

Shiimi said revenue estimates also include N$1,4 billion in once-off legacy tax liabilities of selected public enterprises.

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