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Allexer Namundjembo The chairperson of the National Council Standing Committee on Public Accounts and Economy, Peter Kazongominja, revealed that the Okahao Town Council lacked financial accounting procedures, guidelines, and manuals. He made this statement during the town council's public hearing on Wednesday regarding the adverse audit opinion on their financial statements for the years 2019, 2020, 2021, and 2022. Kazongominja said the committee observed that the council did not adopt an appropriate financial reporting framework as per the circular from the Minister of Urban and Rural Development in preparing its financial statements. “The auditors noted a difference amounting to N$9…

Martin Endjala From 1 April to 30 September, the Central Procurement Board of Namibia (CPBN) executed contract projects worth N$6.7 billion countrywide. The contracts are still ongoing in all regions, with 164 projects. This was revealed by CPBN monitoring and evaluation manager Toini Hamata during a media briefing in Windhoek for both the first and second quarters (Q1 and Q2). The largest category in terms of project value is work projects, with over 60% of the total value of N$4.1 billion, with non-consultancy services leading in the number of projects. Public entities and service providers were the most actively involved…

Niël Terblanché Hopes are high that the collective effort of Namibia’s youth will lead to tangible solutions for the nation’s climate-related challenges, ensuring that future generations inherit a more sustainable and resilient environment. In this regard the Local Conference of Youth (LCOY) Namibia 2024 kicked off in Windhoek this week, bringing together 50 youth delegates from all 14 regions of Namibia to find sustainable solutions for the country’s climate challenges. Presented under the theme “Youth at the Forefront: Driving National Climate Solutions,” the conference is focused on key climate issues such as adaptation, mitigation, and a just transition to renewable…

Martin Endjala The Bank of Namibia (BoN) issued an alert in which it warned the public about rising fraudulent investment schemes falsely promising financial backing for Namibia’s development initiatives. BoN cautioned that these schemes are targeting high-ranking government officials, ministries, traditional leaders, and prominent public figures, exploiting their reputations to lend credibility to deceptive offers. “Of late, the bank has observed that prominent religious and traditional leaders, as well as church elders, are also approached to advance these investment schemes to their church communities by using their influence,” said Johannes !Gawaxab, the central bank's governor. He explained that the people…