Namibia lost N$2.7b tax revenue to illicit financial flows
An inaugural government assessment estimates that illicit financial flows worth roughly N$16.7 billion annually—or about 9% of GDP—passed through Namibia during 2021–2022, resulting in an estimated N$2.7 billion in lost tax revenue over the two-year period. The Ministry of Finance released the assessment to strengthen revenue collection and protect the integrity of Namibia's financial system.
14 September 2026 · New Era →