Thursday, October 1, 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

Aerial view of a city with a red-brick church at a roundabout center, surrounded by roads and palm trees.
Business & Economy

Namibia’s economy grows N$5.3bn to N$70.6bn in Q2

September 24, 2026
Woman in colorful traditional attire speaks at a podium with a microphone in a conference room.
Business & Economy

Namibia backs African credit rating agency, pushes climate finance reform

September 24, 2026
White van and four white cars parked in a gravel lot under a metal canopy beside a warehouse/storage building.
Business & Economy

Works Ministry targets overhaul of ageing state fleet, properties

September 22, 2026
Two professionals shake hands while exchanging a document in an office, with a purple banner reading 'Fund Scholarships' in the background.
Business & Economy

Saipem, Petrofund partner to develop Namibia’s oil and gas skills

September 22, 2026
Beige, two-story building perched above terraced gardens with palm trees and wide stone steps, set in a lush green lawn.
Business & Economy

Namibia advances plans for Parliamentary Budget Office

September 21, 2026
Aerial view of a busy exhibition hall filled with white booth structures, red-carpet aisles, and attendees exploring stalls.
Business & Economy

Namibia urged to target high-value, small-scale MICE market

September 7, 2026
Load More

Related News

Namibia’s economy to slow to 4% in 2024

Namibia’s economy to slow to 4% in 2024

February 28, 2024
Mines Ministry hikes dealer margins and fuel prices

Mines Ministry hikes dealer margins and fuel prices

September 29, 2023
Nekundi cancels TransNamib’s N$1.7 billion locomotive tender

Nekundi cancels TransNamib’s N$1.7 billion locomotive tender

May 8, 2025

Browse by Category

  • Africa
  • Agriculture
  • Analysis
  • Business & Economy
  • Columnists
  • Companies
  • e-edition
  • 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
  • e-edition
  • 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.