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Diamond revenue falls to N$ 414 million

NAMPA
2026-10-23
WINDHOEK, 22 October 2026 - Government has revised its 2026/27 mining company tax and royalties down to N$ 5.2 billion from N$ 6.1 billion, Minister of Finance Ericah Shafudah said in the Mid-Year Budget Review tabled in the National Assembly on Thursday. Diamond taxes and royalties have fallen from N$ 5.8 billion in 2023/24 to a projected N$414 million in 2026/27, an estimated shortfall of N$ 5.3 billion over the Medium-Term Expenditure Framework (2024/25 to 2026/27). (Photo contributed) NAMPA WINDHOEK, 22 October 2026 - Government has revised its 2026/27 mining company tax and royalties down to N$ 5.2 billion from N$ 6.1 billion, Minister of Finance Ericah Shafudah said in the Mid-Year Budget Review tabled in the National Assembly on Thursday. Diamond taxes and royalties have fallen from N$ 5.8 billion in 2023/24 to a projected N$414 million in 2026/27, an estimated shortfall of N$ 5.3 billion over the Medium-Term Expenditure Framework (2024/25 to 2026/27). (Photo contributed) NAMPA
WINDHOEK, 23 OCT (NAMPA) - Government has revised its 2026/27 mining company tax and royalties downwards from N$6.1 billion to N$5.2 billion, Minister of Finance Ericah Shafudah said in the Mid-Year Budget Review tabled in the National Assembly on Thursday.

Diamond taxes and royalties have declined from N$5.8 billion in 2023/24 to a projected N$414 million in 2026/27, representing an estimated shortfall of N$5.3 billion over the Medium-Term Expe...
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Latest NAMPA photos

SWAKOPMUND, 22 October 2026 - The Namibia Chamber of Commerce and Industry has organised the Swakopmund International Trade Expo (SWAiTEX) returned to Swakopmund on Thursday after a two-year hiatus, aiming to bring together businesses, entrepreneurs, investors and policymakers to explore trade, investment and industrial development opportunities. (Photo by: Isabel Bento) NAMPA

SWAKOPMUND, 22 October 2026 - The Namibia Chamber of Commerce and Industry has organised the Swakopmund International Trade Expo (SWAiTEX) returned to Swakopmund on Thursday after a two-year hiatus, aiming to bring together businesses, entrepreneurs, investors and policymakers to explore trade, investment and industrial development opportunities. (Photo by: Isabel Bento) NAMPA

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SWAIiTEX

SWAIiTEX

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NKURENKURU, 22 October 2026 - Deputy Minister of Justice and Labour Relations Theresia Brandt, Kavango West Governor Verna Sinimbo and other leaders on Thursday visited land allocated by the Nkurenkuru Town Council for the Ministry of Justice’s regional office. (Photo: Lylie Joel) NAMPA

NKURENKURU, 22 October 2026 - Deputy Minister of Justice and Labour Relations Theresia Brandt, Kavango West Governor Verna Sinimbo and other leaders on Thursday visited land allocated by the Nkurenkuru Town Council for the Ministry of Justice’s regional office. (Photo: Lylie Joel) NAMPA

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WINDHOEK, 22 OCT (NAMPA) – Readi Bites butchery continues operating and producing meat products despite ongoing foot-and-mouth disease (FMD) restrictions. (Photo by Uakutura Kambaekua) NAMPA

WINDHOEK, 22 OCT (NAMPA) – Readi Bites butchery continues operating and producing meat products despite ongoing foot-and-mouth disease (FMD) restrictions. (Photo by Uakutura Kambaekua) NAMPA

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OPUWO, 22 October 2026 - Independent consultant Sybil Ferris presents key provisions of the Draft Micro-Credentials Policy during a NQA stakeholder consultation in Opuwo on Thursday. (Photo: Contributed)

OPUWO, 22 October 2026 - Independent consultant Sybil Ferris presents key provisions of the Draft Micro-Credentials Policy during a NQA stakeholder consultation in Opuwo on Thursday. (Photo: Contributed)

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RUNDU, 23 March 2026 - A serene afternoon view of a boat jetty along the banks of the Kavango River in Rundu. (Photo by Uakutura Kambaekua) NAMPA

RUNDU, 23 March 2026 - A serene afternoon view of a boat jetty along the banks of the Kavango River in Rundu. (Photo by Uakutura Kambaekua) NAMPA

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NCAMANGORO/RUNDU, 23 March 2026 – Government tightens restrictions on livestock movement and marketing as Foot-and-Mouth Disease (FMD) impacts livelihoods in the Southern and Zambezi regions. (Photo: Uakutura Kambaekua) NAMPA

NCAMANGORO/RUNDU, 23 March 2026 – Government tightens restrictions on livestock movement and marketing as Foot-and-Mouth Disease (FMD) impacts livelihoods in the Southern and Zambezi regions. (Photo: Uakutura Kambaekua) NAMPA

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RUNDU, 23 March 2026 - Sunbeams illuminate the riverbanks and floodplains of the Kavango River as day turns to evening. (Photo by: Uakutura kambaekua) NAMPA

RUNDU, 23 March 2026 - Sunbeams illuminate the riverbanks and floodplains of the Kavango River as day turns to evening. (Photo by: Uakutura kambaekua) NAMPA

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