The gambling industry remains a regulated sector with significant fiscal and socio-economic implications. 

Therefore, regulatory oversight and revenue administration processes must be conducted in a well-coordinated manner. 

These sentiments were shared at the signing of an agreement between the Namibia Revenue Agency (NamRA) and the Gambling Board of Namibia. 

The signed MoU is aimed at safeguarding public revenue, enhancing regulatory efficiency and reinforcing compliance within the gambling sector.

The two entities will now coordinate and address revenue leakages, strengthen monitoring mechanisms, and ensure tighter control over the import of gambling machines at all ports and points of entry into Namibia.

"By strategically aligning revenue collection mechanisms and regulatory controls, we are reinforcing transparency, accountability, and institutional integrity. Ultimately, this partnership strengthens the government's ability to collect lawful revenue, curb illicit activities, uphold the credibility of the regulatory environment, and protect society and the economy against the overstimulation of the latent demand for gambling activities."

The MoU further provides a framework for information sharing, joint enforcement initiatives and enhanced compliance verification processes to ensure that all gambling equipment and operations adhere strictly to the laws of the country.

"We need to make sure that the memorandum of understanding is implemented. We need to commit so that, either quarterly or after six months, we meet generally. We meet, review the progress, check where the weaknesses are, and so on. Additionally, what is the impact of the memorandum of understanding? We need to be able to measure that," said NamRA Commissioner Sam Shivute.