Auditor-General’s Report Flags Major Financial Issues at the Municipality of Windhoek

Auditor-General’s Report Flags Major Financial Issues at the Municipality of Windhoek

The Auditor-General’s report on Windhoek Municipality’s 2022 and 2023 finances, highlights major concerns, resulting in a disclaimer of opinion. Key issues include missing accounting policies for public-private partnerships, unapproved salary increases, incomplete land records, and possible data manipulation. With liabilities exceeding assets by over 723 million dollars, the Municipality faces serious solvency risks. The report warns these issues could impact service delivery, urging stricter controls and a financial recovery plan.

October 31, 2024 46 2

Business / Economics

AU Member States join MSME forum in Windhoek

The 3rd Annual Micro Small and Medium Enterprises Forum is currently underway in Windhoek. The forum has attracted delegates from 55 African Union member states and presents opportunities for SMEs from different African countries to showcase their products. We caught up with some exhibitors. SME Compete director, Danny Meyer. Thursday is the day last day for exhibitions at the AU MSME Forum. H.E. Amb. Albert Muchanga, the African Union […]

September 12, 2024 47

Africa

7th SADC Industrialisation week to be held in Harare

The 7th SADC Industrialisation Week, aimed at driving regional economic growth, is scheduled for 28 July to 2 August 2024 in Harare, Zimbabwe. This public-private engagement platform aims to foster new opportunities for intra-African trade, develop cross-border value chains, and identify investment prospects across Southern Africa. Elijah Mukubonda, spokesperson for the Ministry of Industrialisation and Trade.

July 18, 2024 49

Africa

Zambia’s arts and creative sector is thriving

By Bonface Orucho, bird story agency Zambia’s recent unveiling of a National Arts and Revised Film Policy is evidence of the growing interest in increasing investment and fostering the growth of the arts and creative sector. Besides committing to invest close to US$100 million in the arts and film sector between 2024 and 2028, the policy commits to improving artists' welfare in a bid to promote talent by […]

April 8, 2024 18

Namibia

City of Windhoek addresses media report

In response to a recent article published in the New Era newspaper on February 19, 2024, the City of Windhoek has issued a statement expressing concern over what it called “sensationalized and unfortunate journalism”. The article in question referenced an audit report highlighting historic financial matters dating back to the financial year ending June 30, 2021. While acknowledging the significance of the report, CEO Moses Matyayi pointed out that this […]

February 21, 2024 9