Latest / Namibia News Today | 2 Min News | The Daily News Now!
Namibia’s $17B Money Leak Exposed | Namibia News
Namibia is hemorrhaging $17 billion a year through illicit financial flows—tax dodging, fake trade deals, corruption, and crime money—and its first major study reveals trade misinvoicing as the biggest culprit. Companies inflate or deflate prices to siphon cash out or avoid taxes, crippling public investment and economic growth. The government’s bold goal? Slash these leaks from 9% of GDP to 5% by 2030, especially as Namibia expands into green energy and oil. Already, stronger laws, recovered millions in taxes, and updated rules for crypto are helping. This isn’t just Namibia’s fight—it’s…
The skinny
The skinny isn't ready yet — notes appear once the transcript is processed.