Reports AFRICA - NAMIBIA
Essential information and facts about Namibia:
Country Namibia Capital Windhoek
Total Area Population Median age
823,290
sq.km 2,212,307 23.1 years
Languages Oshiwambo (49%), Nama/Damara (11%), Afrikaans (10%)
Currency Namibian Dollar
Government type Presidential Republic Chief of State President Hage Geingob (since 2015)
Head of Government President Hage Geingob. Prime Minister Saara Kuugongelwa-Amadhila
Cabinet Cabinet appointed by President. Elections are held every five years
Market Statistics: Namibia Lottery None as yet
Sports Betting Permitted Online: Not regulated 5 (6 licences)
No. Casinos: Casino tables:
Casino slots: 600 30
Casino revenue: N$21.9m
act is enacted by parliament. Meanwhile the cabinet also approved members of the Lotteries Board in terms of the Lotteries 2002 Act to advise the tourism minister on the drafting of the new Lotteries Bill to replace the 2002 Act. Te bill is expected to be in place by the end of
the year and as such, with the provision to establish a National Lottery, will boost revenues for the government. Chairperson is Michael Mukete (CEO at EBank).
LOTTERY Te government is currently investigating the
feasibility of establishing a state lottery during the so called Harambee period with the aim of helping to contribute towards poverty eradication. Te Harambee Prosperity Plan is the
government’s five tier plan to look at effective governance, economic advancement, social progression, infrastructure development and international relations. Tis is all part of a plan by President Hage
Geingob who is also planning to build 20,000 houses, service a minimum of 26,000 plots,
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build 50,000 rural toilets in the next four years and eliminate the bucket system by 2017 Namibia has seen a positive growth of around
five percent per year during the last five yeas and a growth rate of 6.4 percent in 2014. Despite the global crisis Namibia’s debt was around 23 percent to GDP in 2014/15 fiscal year. To accelerate growth the debt to GDP ceiling
increased to 37 percent in 2015/16 but is expected to be reduced to 30 percent by the end of the Harambee period. Namibia today is considered as one of the
most stable countries in the world from a macro economic perspective and it has a modern banking sector and developed capital markets. One possible new revenue source is a state
lottery and the government is now investigating the feasibility of establishing such a lottery to supplement state revenue streams to help with Poverty Eradication activities. Tis will operate under a Special Tax
Committee and winning proceeds will be partly paid in cash, as a compulsory investment in housing and pension and a cash payment. A study has shown that the Namibians could
afford buy a state lottery ticket with a sum of N$1 to N$3 daily, weekly or monthly for a lottery draw. Te decision to add a state lottery in the
Harambee Prosperity Plan has been viewed by some as a bad choice saying it is a socially and economic destructive element. However others argue that if run correctly with tickets only sold by street and village vendors it could be very successful. Tere are lottery activities in Namibia at the moment but none are regulated. When the Lotteries Act 2002 was established
this also set up a lottery board, a provision for a National Lottery and the administration of the National Lottery Trust Fund and the Social Upliftment Fund. It includes the following points:
l Te board is set up to promote and conduct the national lottery and ensure that is conducted under the compliance of the act.
l Te board is made up of one staff member of the Ministry, one staff member from Ministry of Health and Social Services and three other members.
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