14
Apr
Tujoromajo Kasuto The Newly released Road Fund Administration integrated annual report for the fiscal year 2021 reveals that the fund generated N$2.2 billion and invested N$1.7 billion in national road infrastructure management and maintenance. This shows an asset growth from N$1.2 billion in the 2019/2020 financial year to N$1.8 billion, plus a surplus of N$87 million, demonstrating a strong balance sheet. This is despite the fact that revenue fell slightly year on year due to less opportunities to collect revenue because of COVID-19 movement restrictions. To put this into perspective, RFA Chief Executive Officer Ali Ipinge says that during the…