Zambezi customs revenue drops by N$23m
22 July 2021 | Economics
The directorate of customs and excise in the Zambezi Region recorded a N$23 million reduction in revenue collected during the 2020/2021 financial year. This equates to a loss of 26% compared to the previous year, which is attributed to restrictions on informal cross border trade due to the Covid-19 pandemic.
This was revealed by Zambezi governor Lawrence Sampofu yesterday during his state of the region address.
He said the previous year, the directorate recorded about N$88 million in revenue, which was reduced to N$65 million during the period under review.
“The global impact on trade caused by the Covid-19 pandemic has had its own visible impact on operations at the two main borders in the region,” Sampofu said.
He added that import and export declarations have, however, increased to 15 889 and 16 010 respectively, compared to 13 321 and 14 375 in the previous financial year.
Law enforcement operations
He said joint law enforcement teams conducted 34 operations, roadblocks and border and river patrols to curb illegal activities and to ensure regulatory compliance.
Sampofu revealed that during these operations, penalties to the value of N$225 000 were collected for the state, while 59 detentions, valued at N$330 000, and 73 seizures with an approximate value of N$48 000 took place.