Namibia Gambling Board pays N$15 million dividend to government
Regulation1 min read
In brief
- The Gambling Board of Namibia reportedly paid the government N$15 million in dividends for the 2025/2026 financial year.
- Board Chairperson Ben Shikongo urged parastatals to share profits with the government.
The Gambling Board of Namibia has reportedly paid the government N$15 million in dividends, in its capacity as shareholder, for the 2025/2026 financial year.
Windhoek hosted the Wednesday handover, which Indileni Daniel, minister of environment, and Ericah Shafudah, minister of finance, attended. Daniel praised the Board's financial results. Colgar Sikopo, a deputy executive director, and John Erastus, the acting chief executive, were among the officials who watched the handover, together with other senior staff from both ministries.
Chairperson Ben Shikongo encouraged parastatals to give the government a share of their earnings, so it can address public needs. He noted that the government has to give priority to areas like healthcare and public assistance, and said extra funds could help it respond. He conceded that institutions running at a loss may be unable to pay dividends.
The Gambling Board holds a function delegated by the Ministry of Environment, Forestry and Tourism to regulate, license and monitor the gambling industry in Namibia.