Namibia Boosts Customs Skills to Improve Tax Revenue

Namibia Boosts Customs Skills to Improve Tax Revenue

With the support of the EU-WCO Harmonized System Programme for Africa, the Namibian Revenue Agency (NamRA) organized a national commodity classification workshop. This initiative aims to enhance the commodity classification skills of customs officers, address issues such as incorrect classification and false declarations, and close tax loopholes. By combining online learning with offline workshops, the program strengthens both theoretical knowledge and practical skills, building a comprehensive support system. This contributes to customs modernization, ultimately promoting economic prosperity in Namibia.

US Diesel Prices Hit 18week High Amid Sustained Surge

US Diesel Prices Hit 18week High Amid Sustained Surge

U.S. diesel prices continue to rise, with EIA data showing an 18-week consecutive increase as of March 8th. This analysis explores multiple driving factors, including growing demand, limited supply, rising crude oil prices, refining margins, and geopolitical influences. It also discusses the widespread impact on industries like transportation, agriculture, and construction, as well as its contribution to inflation. Based on EIA forecasts, the analysis suggests strengthening energy security, developing alternative energy sources, and improving energy efficiency as potential solutions to mitigate the effects of rising diesel prices.