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Finance & Administration Klaudia Mwala Manager: Finance & Administration
The Finance and Administration Department remains an integral part of the organisation. Over the past twelve months the department focused on alignment of resources to provide support to the overall organisation strategies and goals. As a non-profit organisation, depended on members contribution and donors funding. The fact that the WBCG operates in the international transport and logistics market makes us vulnerable to the forces of market supply and demand. The depreciation of the South African Rand, to which the Namibia Dollar is pegged, had unfavourable effects on our cash flow position because our operational expenditure in Namibian dollars at our regional offices increased significantly. Therefore the core focus of the Finance and Administration Department remains on sustainability and prudent financial controls. Another focus is continuous review of the funding risk assessment action plans and work with other departments to mitigate the identified risks. The prevailing economic challenges in Namibia and the Region at large, coupled with the fact that the WBCG operates in a highly competitive market, required strict financial controls and constant evaluation of projects and departmental spending which in turn resulted in a positive and healthy cashflow for the period under review. This deliberate intervention greatly contributed towards effective execution of the WBCG mandate.
WALVIS BAY CORRIDOR GROUP
Finance & Administration has an important role in coordinating the funding of the various projects between relevant donors and internal support functions. On-going communication and followups between these parties have ensured that the WBCG remains a strong partner to the relevant development institutions. The WBCG’s strict adherence to corporate governance, donor policies, donors reporting, transparency and accountability has allowed us to consistently ensure that we can utilise opportunities in the form of new and continuous project funding from relevant donors. Our strength lies within the consistent improvement and delivery of our various projects such as the Wellness Service, Projects and Funding portfolios as well as the Logistics Hub projects, which are leading us to new opportunities in the national, regional and international markets. Over the years WBCG has maintained a highly skilled workforce to execute the business strategy. We have remained a robust company where staff turnover has been relatively low. A strong
