EXCLUSIVE INTERVIEW: Independent Business and Economics Researcher Josef Kefas Sheehama Advocates for Parastatal Transparency

In a recent statement, Josef Sheehama emphasized the critical importance of transparency within state-owned enterprises, also known as parastatals. Speaking on the issue, Sheehama highlighted the direct correlation between the lack of transparency and the prevalence of corruption within these entities.

Sheehama asserted that without adequate transparency and accountability measures in place, corruption becomes an enticing prospect for individuals seeking personal enrichment at the expense of public resources. He underscored the need for comprehensive policies encompassing political, economic, and institutional reforms to address persistent issues hindering growth, particularly within state-owned enterprises.

Drawing parallels between Namibia and South Africa, Sheehama pointed out instances of mismanagement and inefficiencies within entities like ESCOM, attributing these shortcomings to deficient governance structures and transparency mechanisms.

To combat mismanagement and ensure effective service delivery, Sheehama advocated for strengthening the rule of law, promoting credibility, accountability, and transparency, and enhancing capacity building within these organizations. He emphasized the necessity of holding executives, directors, and chief executives accountable for their actions, including relevant ministers or responsible individuals.

Sheehama stressed that without genuine accountability and consequences for misconduct, the cycle of poverty exacerbation and wealth concentration among the elite would persist. He proposed that by addressing governance and institutional deficiencies, Namibia could enhance its growth performance, ultimately reducing poverty and increasing wealth across the nation.

In conclusion, Sheehama’s remarks underscored the imperative of fostering transparency and accountability within parastatals as a means to combat corruption, promote sustainable growth, and alleviate poverty in Namibia.