CoW denies financial crisis

CoW denies financial crisis

CoW denies financial crisis

Hertta-Maria Amutenja Contrary to recent reports suggesting financial turmoil within the City of Windhoek (CoW), Chief Executive Officer, Moses Matyayi has denied any claims of the city being broke. This comes after Auditor General (AG) Junias Kandjeke, in the city’s financial audit report for the 2020/2021 financial year, reported that the Windhoek Municipality does not have a plan on how it is going to turn around the commercial insolvency and the deficit-making position in the foreseeable future. The report was compiled in September 2023. “The financial statements present fairly, in all material respects, the financial position of the Municipality of…
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