• Contact Us
  • About Us
  • Advertisement
  • Privacy & Policy
Thursday, July 3, 2025
SUBSCRIBE
The Brief | Namibia's Leading Business & Financial News
13 °c
Columbus
19 ° Tue
21 ° Wed
  • Home
  • Companies
    • Finance
    • Agriculture
    • Technology
    • Property
    • Trade
    • Tourism
  • Business & Economy
  • Mining & Energy
  • Opinions
    • Analysis
    • Columnists
  • Africa
  • e-edition
No Result
View All Result
The Brief | Namibia's Leading Business & Financial News
  • Home
  • Companies
    • Finance
    • Agriculture
    • Technology
    • Property
    • Trade
    • Tourism
  • Business & Economy
  • Mining & Energy
  • Opinions
    • Analysis
    • Columnists
  • Africa
  • e-edition
No Result
View All Result
The Brief | Namibia's Leading Business & Financial News
Subscribe
No Result
View All Result
TB image banner 750x140
Home Companies Finance

Namibia to finalise Green Hydrogen tax regime this year

by editor
January 16, 2023
in Finance
48
A A
58
SHARES
962
VIEWS
Share on FacebookShare on TwitterShare on LinkedIn

You might also like

BoN orders banks to cut gap between repo and lending rates

DBN secures Green Climate Fund accreditation

Bank of Namibia meets incoming Bank Windhoek MD

 Namibia is expected to finalise a tax regime for its burgeoning green hydrogen sector by the end of the year, according to Green Hydrogen Commissioner James Mnyupe.

The tax regime will play a crucial role in determining the amount that players in the sector will pay, as President Hage Geingob has indicated that the implementation agreement for the planned N$170-billion Hyphen Hydrogen Energy project is set to begin in the first quarter of this year.

Mnyupe told The Brief  that the country has completed a benchmarking exercise that will assist policymakers in deciding on a new hydrogen tax system. “We have discussed various ideas with developers and have investigated various scenarios around the world. We will likely finalise these issues during this year,” he said.

The Green Hydrogen Commissioner also mentioned that regulations guiding taxation around green hydrogen will be included in the proposed Synthetic Fuels Act, which will govern all things related to green hydrogen and other synthetic fuels once it is finalized.

“We will likely capture this in the envisioned Synthetic Fuels Act. But first we have to finalize the policy, then table the Bill in Parliament and follow the necessary legislative process and consult the various key stakeholders,” Mnyupe said.

For context, Namibia has imposed a corporate tax rate of 37.5% on non-diamond mining operations, a 55% tax rate on diamond mining operations, a 10% royalty on rough diamonds and a 5% royalty on oil and gas. The government has also imposed a 35% corporate tax rate on oil and gas operations.

Namibia has already launched a Synthetic Fuels Strategy, which will establish a suitable and fit-for-purpose structure to develop the green hydrogen industry and the envisaged structure will be responsible for planning, procuring, and monitoring future green hydrogen projects developed on state-owned land.

Hyphen Hydrogen Energy, a joint venture between Nicholas Holdings of the UK and ENERTRAG of Germany, was selected as the preferred bidder for the country’s first green hydrogen project in November 2021.

The proposed plant will produce 350,000 tonnes of green hydrogen per annum for regional and global markets by the end of the decade, using 5-6 Gigawatts of renewable generation capacity and 3GW of electrolyser capacity, cutting 5-6 million tonnes per annum of carbon dioxide emissions.

According to Hyphen’s plans, the first phase of 125,000 tonnes of green hydrogen production is planned to come online at the end of 2026.

author avatar
editor
See Full Bio
Tags: companies
Share23Tweet15Share4
Previous Post

DBN seeks new CEO to replace Inkumbi

Next Post

NIDA suspends CEO Gaomab

Recommended For You

BoN orders banks to cut gap between repo and lending rates

by reporter
July 2, 2025
0
BoN orders banks to cut gap between repo and lending rates

The Bank of Namibia (BoN) has directed all commercial banks to narrow the gap between the repo rate and lending rates by 25 basis points in two stages...

Read moreDetails

DBN secures Green Climate Fund accreditation

by reporter
July 2, 2025
0
DBN secures Green Climate Fund accreditation

The Development Bank of Namibia (DBN) has been officially accredited by the Green Climate Fund (GCF), a move expected to improve Namibia’s ability to access international climate finance....

Read moreDetails

Bank of Namibia meets incoming Bank Windhoek MD

by reporter
July 2, 2025
0
Bank of Namibia meets incoming Bank Windhoek MD

The Bank of Namibia has officially met with James Chapman, who will take over as Managing Director of Bank Windhoek in July 2025. Chapman was introduced to BoN...

Read moreDetails

Standard Bank invests N$35 million in CSI initiatives over five years

by reporter
June 30, 2025
0
Standard Bank invests N$35 million in CSI initiatives over five years

Standard Bank Namibia says it has invested more than N$35 million in Corporate Social Investment (CSI) initiatives over the past five years. The bank’s wide-ranging support spans health,...

Read moreDetails

Microlenders dominate regulatory breaches in non-banking sector

by reporter
June 30, 2025
0
Microlenders dominate regulatory breaches in non-banking sector

The microlending sector accounted for the bulk of serious regulatory breaches in Namibia’s non-banking financial institutions (NBFI) industry during the first quarter of 2025, according to the latest...

Read moreDetails
Next Post
NIDA suspends CEO Gaomab

NIDA suspends CEO Gaomab

Related News

Namibia’s inflation cools across the country 

Namibia’s inflation cools across the country 

July 9, 2024
Trustco fights JSE suspension

Trustco fights JSE suspension

February 21, 2022
NamRA tax amnesty programme generates N$4.3bn in revenue

NamRA tax amnesty programme generates N$4.3bn in revenue

October 17, 2024

Browse by Category

  • Africa
  • Agriculture
  • Analysis
  • Business & Economy
  • Columnists
  • Companies
  • Finance
  • Finance
  • Fisheries
  • Green Hydrogen
  • Health
  • Investing
  • Latest
  • Market
  • Mining & Energy
  • namibia
  • Namibia
  • News
  • Opinions
  • Property
  • Retail
  • Technology
  • Tourism
  • Trade
The Brief | Namibia's Leading Business & Financial News

The Brief is Namibia's leading daily business, finance and economic news publication.

CATEGORIES

  • Business & Economy
  • Companies
    • Agriculture
    • Finance
    • Fisheries
    • Health
    • Property
    • Retail
    • Technology
    • Tourism
    • Trade
  • Finance
  • Green Hydrogen
  • Investing
  • Latest
  • Market
  • Mining & Energy
  • namibia
  • News
    • Africa
    • Namibia
  • Opinions
    • Analysis
    • Columnists

CONTACT US

Cell: +264814612969

Email: newsdesk@thebrief.com.na

© 2025 The Brief | All Rights Reserved. Namibian Business News, Current Affairs, Analysis and Commentary

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In

Add New Playlist

No Result
View All Result
  • Home
  • Companies
  • Mining & Energy
  • Business & Economy
  • Opinions
    • Analysis
    • Columnists
  • Africa

© 2025 The Brief | All Rights Reserved. Namibian Business News, Current Affairs, Analysis and Commentary

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.