• Contact Us
  • About Us
  • Advertisement
  • Privacy & Policy
Friday, July 11, 2025
SUBSCRIBE
The Brief | Namibia's Leading Business & Financial News
26 °c
Windhoek
22 ° Wed
25 ° Thu
  • 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

RFA forecasts N$2.2b revenue shortfall

by editor
June 26, 2023
in Finance
45
A A
57
SHARES
956
VIEWS
Share on FacebookShare on TwitterShare on LinkedIn

You might also like

NamRA collects N$12.78 billion in first two months of financial year

BoN orders banks to cut gap between repo and lending rates

DBN secures Green Climate Fund accreditation

The Road Fund Administration (RFA) says it anticipates recording a shortfall of around N$2.2 billion in revenue for the financial year ending 31 March 2023.

The Fund said it estimates collections for the period to come in around N$2.3 billion out of the N$4.5 billion budgeted to ensure improved allocation to approved authorities.

“For the current financial year estimate of about N$4.5 billion will be in order to ensure improved allocation to approved authorities, our collection was in the region of N$2.3 billion, thus a shortfall of close to around N$2 billion,” the Manager of Corporate Services at the RFA, Scheifert Shigwedha, told The Brief.

RFA requires approximately N$4.3 billion to fund its projects and has mooted the implementation of toll gates as a means of boosting its revenue. The fund bemoaned the advent of electric vehicles, arguing that it is losing revenue due to a cut-down in fuelling.

On whether the tollgates are still on the cards, Shigwedha noted that the fund is set to communicate its position in due course.

This comes as RFA in May increased the road user charge to N$1.78 from N$1.48, in an effort to meet its funding requirements for road rehabilitations, upgrades and maintenance.

Over its existence RFA has invested more than N$30 billion in road infrastructure in the country, leading Namibia to be ranked number one in Africa and 21 in the world in terms of the quality of road infrastructure.

According to the fund, Namibia’s road network of approximately 49,000km is valued at N$101 billion, of which about 83% is unpaved.

As a result, the Roads Authority (RA) last month launched a N$15 billion five-year Integrated Strategic Business Plan (ISBP) which seeks to expand the national road network as well as upgrade gravel roads to bitumen standards.

The funds will be sourced from the RFA which will provide N$10.27 billion, and an additional N$1.22 billion through loans and grants, whereas the government will provide funding of N$2.78 billion over the five-year duration ending in 2026/27.

In five years, RA plans to construct and upgrade 700km to bitumen standard, 215km of gravel road, rehabilitate 715km, and re-gravel 2,800km, as well as rejuvenate 635km to low seal bitumen standard.

This development comes as the RFA had pocketed N$1.3 billion in revenue from fuel levies in the previous fiscal year, resulting in an 11% increase in revenue to N$2.4 billion.

The fund has, however, doubled its funding to local authorities to N$216 million for road upgrades.

 

 

 

 

 

 

 

 

author avatar
editor
See Full Bio
Tags: companies
Share23Tweet14Share4
Previous Post

Namibia anticipates N$10bn yearly revenue from Green Hydrogen

Next Post

High rates versus luxurious products

Recommended For You

NamRA collects N$12.78 billion in first two months of financial year

by reporter
July 9, 2025
0
NamRA sees drop in illegal vehicle imports following moratorium

The Namibia Revenue Agency (NamRA) has collected N$12.78 billion in revenue between 1 April and 31 May 2025, as part of the current financial year. Of this total,...

Read moreDetails

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
Next Post
High rates versus luxurious products

High rates versus luxurious products

Related News

Chamber, Govt agree to 5% equity under NEEEF

Chamber, Govt agree to 5% equity under NEEEF

July 18, 2023
NSA conducts pilot census

NSA conducts pilot census

October 17, 2021
Fishing group alarmed by govt’s quota allocation dominance

Fishing group alarmed by govt’s quota allocation dominance

August 21, 2023

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.