Thursday, August 20, 2026
Subscribe
The Brief | Namibia's Leading Business & Financial News
  • Home
  • Companies
    • Finance
    • Agriculture
    • Technology
    • Property
    • Trade
    • Tourism
  • Business & Economy
  • E-PAPERreader
  • Mining & Energy
  • Opinions
    • Analysis
    • Columnists
  • Africa
No Result
View All Result
The Brief | Namibia's Leading Business & Financial News
  • Home
  • Companies
    • Finance
    • Agriculture
    • Technology
    • Property
    • Trade
    • Tourism
  • Business & Economy
  • E-PAPERreader
  • Mining & Energy
  • Opinions
    • Analysis
    • Columnists
  • Africa
No Result
View All Result
The Brief | Namibia's Leading Business & Financial News
Subscribe
No Result
View All Result
Home Business & Economy

International bodies call for increased ACC funding

by editor
March 26, 2023
in Business & Economy
5
A A

International bodies have strongly recommended that the government increases its funding to the Anti-Corruption Commission (ACC) in order to strengthen its capacity and skills to effectively combat corruption and money laundering. 

“Namibia has been undergoing the Eastern and Southern Africa Anti-Money Laundering Group (ESAAMLG) and United Nations Financial Action Task Force (FATF) evaluation. The evaluators strongly recommend that Namibian Government must increase its funding to ACC and also strengthen capacities and skills of national law enforcement agencies to effectively combat corruption and money laundering,” National Assembly Speaker Peter Katjavivi said during his motivation of the budgetary allocation of the Anti-Corruption Commission. 

“The Eastern and Southern Africa Anti-Money Laundering Group (ESAAMLG) report of September 2022 further recommended that adequate operational capacity (financial, human and technical resources) be provided to Law Enforcement Agencies.  

“These resources should include attracting and retaining skilled staff and expertise especially financial investigators and specialised continuous training on high end/complex financial investigations and prosecution including parallel financial investigations and effective application of special investigative techniques.” 

Katjavivi said the failure to sufficiently fund the ACC had the negative effect of driving away investors. 

“Allow me to reiterate and emphasise that the impact of corruption is severe if it is allowed to persist. It impacts negatively on economic growth, healthcare, social and economic infrastructure development. Foreign Investors may not invest in Namibia if ACC is not financially empowered to curb corruption and related crimes,” he said. 

Although pleased with the recent increase in the ACC budget allocation, Katjavivi was concerned that remuneration consumed a larger chunk of the funds, thus leaving little to effectively conduct investigations. 

The ACC for the 2023/24 financial year was allocated N$81,688,000, a slight increased from the N$73,971,000 in the previous year.

Of the total budget allocation, N$29.77 million is earmarked for the investigation division which is the cornerstone of the Commission, of which N$25.87 million is for remuneration and related expenditure, which caters  for investigating officers’ travel expenses when conducting investigations in other regions. 

“It is evident from the above that 87% of the budget allocation for this main division goes to remuneration and related expenditure. It is worth mentioning that this main division is one crucial components of the Commission, that of investigation. 

 “Looking at the percentage of total allocation, only 11% remains that is used to carry out investigations. We all know how expensive and cumbersome the process of investigations can be. I therefore will appeal that we look at how best we can fund ACC in order for it to allocate more resources to this main division,” the National Assembly Speaker said.

The rest of the funds are allocated to the department of public education, N$15 million, security and risk management, N$2.88 million, administration, wi N$29.79 million, with the office of the Director-General getting N$4.3 million.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

author avatar
editor
See Full Bio
Previous Post

Windhoek’s new parking system: What you need to know

Next Post

Botswana to take stake in HB, challenging De Beers’ dominance

Must Read

Front entrance of the Ministry of Finance, with a large sign reading 'MINISTRY OF FINANCE FISCUS BUILDING' above glass doors.
Business & Economy

Namibia expands public procurement rules to over 80 additional entities

August 19, 2026
Diverse group of people posing outside a glass-front building for a community event, several wearing sashes and smiling at the camera.
Business & Economy

Standard Bank connects 60 Namibian SMEs to buyers, new markets

August 16, 2026
42 youth ventures worth N$14.7m secure funding from N$500m fund
Business & Economy

42 youth ventures worth N$14.7m secure funding from N$500m fund

September 29, 2025
!Gawaxab earns PhD in Economics from UCT
Business & Economy

!Gawaxab earns PhD in Economics from UCT

September 10, 2025
DBN youth SME funding sees only N$1.25m disbursed amid low uptake
Business & Economy

DBN youth SME funding sees only N$1.25m disbursed amid low uptake

July 23, 2025
Namibia targets to formalise 950 informal businesses by 2030
Business & Economy

Namibia targets to formalise 950 informal businesses by 2030

July 22, 2025
Load More

Related News

Oryx Properties’ portfolio value jumps by 35% to N$4.2 billion

Oryx Properties’ portfolio value jumps by 35% to N$4.2 billion

September 16, 2024
Govt allocates N$13.7 billion for debt servicing

Govt allocates N$13.7 billion for debt servicing

March 27, 2025
Macroeconomic innovation and creative industries to be the centre holder

Macroeconomic innovation and creative industries to be the centre holder

April 30, 2025

Browse by Category

  • Africa
  • Agriculture
  • Analysis
  • Business & Economy
  • Columnists
  • Companies
  • Finance
  • Finance
  • Fisheries
  • Green Hydrogen
  • Health
  • Investing
  • Latest
  • Market
  • Mining & Energy
  • namibia
  • Namibia
  • News
  • Opinions
  • Property
  • Retail
  • Technology
  • Tourism
  • Trade
The Brief | Namibia's Leading Business & Financial News

The Brief is Namibia's leading daily business, finance and economic news publication.

CATEGORIES

  • Business & Economy
  • Companies
    • Agriculture
    • Finance
    • Fisheries
    • Health
    • Property
    • Retail
    • Technology
    • Tourism
    • Trade
  • Finance
  • Green Hydrogen
  • Investing
  • Latest
  • Market
  • Mining & Energy
  • namibia
  • News
    • Africa
    • Namibia
  • Opinions
    • Analysis
    • Columnists

CONTACT US

Cell: +264814612969

Email: newsdesk@thebrief.com.na

© 2026 The Brief | All Rights Reserved. Namibian Business News, Current Affairs, Analysis and Commentary

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
No Result
View All Result
  • Home
  • Companies
  • Mining & Energy
  • Business & Economy
  • Opinions
    • Analysis
    • Columnists
  • Africa

© 2026 The Brief | All Rights Reserved. Namibian Business News, Current Affairs, Analysis and Commentary

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.