By Hilary Mare
THE third edition of the annual Confidente-NCCI business stakeholders’ engagement at the Ongwediva Trade Fair was successfully held with the Ministry of Public Enterprise spearheading discussion aimed at promoting Public-Private Partnerships.
In his address Deputy Minister in the Ministry of Public Enterprises, Engelbrecht Nawatiseb presenting the new hybrid governance model to the northern business community for the first outlined that stages at which the model is and assured the business community that this would bring better fruits in terms of public private partnerships.
“Phase 1 will focus on the amendment of the establishing Acts, Memorandums of Association and the Articles of Associations by the office of the Attorney General. This process will ensure complete oversight function of the Minister of Public Enterprises over the 18 commercial PEs.
“Phase 2 focuses on Governance/Reporting in which the 18 commercial PEs shall report to the Portfolio Minister and the Minister of Public Enterprises. In this we seek to achieve good governance compliance and up to date financial reporting, technically well-equipped and balanced boards for all PEs, accurate and timely budgeting for those PEs that require GRN budgetary support, reduce reliance on GRN budgetary support for the commercial PEs, focus on core business for all PEs, improve on efficiencies in all PEs and move towards fully integrated reporting.
“Phase 3 focuses on budgeting and in this 18 Public Enterprises budget votes shall be transferred to the Ministry of Public Enterprises for the next budget cycle of 2017/2018
“The last phase will be one primed on a Change Management Agenda. This means facilitating Change of Management on the Transition Period in terms of: Stakeholder engagement plans, Implementation of Performance engagement plans, Communication strategy and Employee Engagement Strategy.
“I assure you that a more competitive public sector will give birth to more vibrant partnerships with you the business community and what that means is that under the Harambee Prosperity Plan for all we can join hands and help move Namibia forward,” he said.
The event started in 2014 with the Development Bank of Namibia (DBN) and the First National Bank (FNB) providing well needed financial literacy to the business community of northern Namibia was followed last year by the SME Bank which also brought its financial product closer to northern businesses.
Hosted by Confidente and the National Chamber of Commerce and Industry (NCCI) northern branch, the business engagement has become a champion in outlining pivotal elements of business financing and access to financial products as well as diversified business growth.
“We deliberately partnered with the SOE Ministry because we believe that this is one of the most relevant and significant ministries of this time. We thank them for their support and passion for business growth in the country at large,” remarked Max Hamata, Editor in chief of the co-host, Confidente.
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