Source document: https://docs-lawep.s3.us-east-2.amazonaws.com/1698146076070.pdf (Namibia)
REPUBLIC OF NAMIBIA MINISTRY OF PUBLIC ENTERPRISES Telephone: +264 (0) 61 2023602 Facsimile: +264 (0) 886556931 Office of the Minister Private Bag 13408 9th Floor, SANLAM Building Avenue WINDHOEK,Namibia Independence I rise to answer questions posted by Bon.

Jennifer Van Den Beever on Agribusdev.

1.

Where are the findings of the forensic audit investigation on the conduct of the late Agribusdev Managing Director?
• I wish to inform the house that a targeted investigation was commissioned, not a forensic audit the investigation was not purely intended to look into the conduct of the Managing Directorbut rather to look into v9li.2Jf~R.fL'tfRtialgovernance, financial and operational deficiencies.

If(ecewe(f' a copy of the draft and a final report I will be concluded once the report ~ various quality checks have been concluded.

g investigation.

Also, seer that 0 .

2.


Can the Namibian people continue entrusting Agribusdev with managing the more than 11 Green Schemes across the country, particularly in light of the severe food scarcity experience across segments of Namibian society?

3.

Is it not time that Government took some decisive action in order to turn around Agribusdev?

What interventions does the Government plan in place to ensure that Agribusdev is saved from its current to put management and financial bankruptcy?
• I wish to respond to questions 2 and 3 collectively.

It is exactly due to our concerns that the investigation was commissioned.
The terms of reference include an assessment of contracts entered into as well as the compliance to relevant regulations and policies, and assessment of the financial and commercial transactions entered into with related/ third parties, suppliers and customers, their authenticity and validity of significance, the extent of potential prejudice the entity may have suffered through such dealings; the procurement of goods and services and compliance to the Public Procurement Act as well a possible conflict of interests between suppliers, staff, trading agencies laws, All official Correspondence must be addressed to the Executive Director