
The Fund was established to provide for the establishment, upliftment, upgrading and improvement of educational facilities and educational programmes to the benefit of socio-economically disadvantaged learners
According to the AG’s report on the accounts of the Fund for the 2018/2019 financial year, the Education Ministry has not given the Fund any money from 2016/2017 until 2018/19.
Meanwhile, the Fund received financial support from the United Nations Children’s Fund UNICEF, World Health Organization and the German development agency known as GIZ.
GIZ gave N$2 371 200 in 2018 while Unicef transferred N$ 357 909 in 2018 and N$ 380 and WHO gave N$ 77 395 in 2018.
The German embassy also transferred N$ 750 000.
The fund received an adverse audit opinion from Kandjeke.
An adverse opinion is a professional opinion made by an auditor indicating that a company’s financial statements are misrepresented, misstated, and do not accurately reflect its financial performance and health.
Kandjeke further said the fund spent N$ 3 121 200 without authorization.
The Fund also underspent N$ 2 435 609.