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December 14, 2024
Tag: funds
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Regional councils urged to use funds allocated for electrification prudently
With the rural electrification budget having received a significant boost, the Minister of Mines and Energy, Tom Alweendo, is calling on regional councils to use allocated funds prudently. “This year we were lucky to get a much larger budget for rural electrification. Last year, we had almost N$40 million for rural electrification. This year, we...
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Namibia improves in public funds management
The Namibian government has made strides in managing public finances through the budget formulation process, accounting systems and debt management, a new study reveals. According to the African Peer Review Mechanism (APRM) study, the advancements are further supported by a Medium-Term Expenditure Framework, which provides a clear roadmap for public spending, and a commitment to...
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Parliamentary Committee raises concerns over the misuse of funds for capital projects
The Chairperson of the Parliamentary Standing Committee on Constitutional and Legal Affairs, Cletius Karondo, says that funds allocated to some capital projects are not used for the intended projects. Karondo made the remarks at Katima Mulilo, where the Committee assessed the existing planned capital projects and those under construction. Karondo says that after getting clear...
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Preservation funds in shaping financial legacies – Windhoek Observer
NDADHI NDOROMA In the world of financial planning, the preservation of wealth stands as a vital component in establishing a durable financial legacy. With their strategic position, preservation funds emerge as prosperity guardians, guaranteeing future generations’ financial well-being. This article will explore the critical function preservation funds play in preserving and transferring wealth. Preservation funds...
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Questions surround minimal funds allocated for combat corruption – Windhoek Observer
Martin Endjala Economist and Independent Bank Researcher, Josef Sheehama, has decried the amount of N$106 million allocated to the Anti-Corruption Commission (ACC) by the Ministry of Finance and Public Enterprise. During the tabling of the National Budget in the National Assembly on Wednesday, Finance Minister Iipumbu Shiimi announced a 29.8 percent increase in the annual...
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How Preservation Funds Shape Financial Legacies
In the world of financial planning, the preservation of wealth stands as a vital component in establishing a durablefinancial legacy. With their strategic position, preservation funds emerge as prosperity guardians, guaranteeing future generations’ financial well-being. This piece explores the critical function preservation funds play in preserving and transferring wealth. Preservation funds are essential to financial...
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The role of preservation funds in shaping financial legacies
By Ndadhi NdoromaOld Mutual GM Personal Financial Advice. In the world of financial planning, the preservation of wealth stands as a vital component in establishing a durable financial legacy. With their strategic position, preservation funds emerge as prosperity guardians, guaranteeing future generations’ financial well-being. This article will explore the critical function preservation funds play in...