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MVA increased revenue by 7%

Mon, 18 July 2016 16:36
by Staff Writer
Business

The Motor Vehicle Accident Fund (MVA) revealed that the funds has increased its revenue by 7% and investment income by 33% and achieved an accumulated surplus of N$7.8 million in the 2014/25 financial year this was said at a stakeholder’s gala dinner that was held on 16 June 2016.
The fund has recorded an N$122 million of operational surplus which is 10 % higher than the 2014/15 financial year. The fund also achieved a funding level of 101% funding compared to the 84.2 % that was recorded in the last financial year.
In the Key note address delivered by the Permanent Secretary of the Ministry of Works and Transport (MWT) Willem Goieman on behalf of the Minister Alpheus Naruseb, Goeiman said that the MVA Fund has fulfilled the expectations of the government to support its efforts towards its decentralization policy of bringing equitable access of services to all Namibians.
‘’I am reliably informed that since inception, the fund has established 7 service Centers across the country thereby bringing services closer to the people. I am proud to announce that the MVA Fund has been responding positively to the objectives of Harambee through its Rehabilitation and Home Modification Program for the seriously injured. These programs allow the MVA Fund to assist the government in eradicating poverty, and also address the housing needs of citizens, ’’Goieman said.
He added, that the Fund is an exemplary role model in good corporate governance and efficient provision of services while gauging stakeholder and claimant satisfaction levels on an annual basis and through that contributes to the pillar of effective governance and service delivery.
According to statistic provided by the MVA Funds call center, thus far 367 Namibians have lost lives and 3619 injured in 2116 crashes including a recent accident that 11 persons lost their lives in two separate incidents.
The Fund has also established an Emergency Medical Care Department (EMCD) at the Namibia University of Science and Technology (NUST) and offers bursaries to 10 Paramedic students annually.
 The Fund financially assisted 3 medical doctors for studies in Orthopedic surgery, Urology and Neurosurgery. Twenty-one Advance Life Support Practitioners graduated to date. MVA hopes to see change in Namibia, developing the required paramedic to patient ratio.
‘’The MVA has played an immeasurable role in especially Pillar 4 and 5 of the Namibian Chapter of the Decade of Action which are safer road users and post-crash response, as it undertakes concerted and ongoing efforts in ensuring that road users are educated with the main purpose to change mindset, attitudes and behavior and to create a deep rooted culture of road safety among all road users’’Goeiman said.
 In the past financial year the return to work, school and independence programme, which was established in 2014, has positively impacted 84% of 436 claimants who in 2015/2016 achieved their rehabilitation goals within six months after sustaining injury.
 The Spinal Cord Injury Rehabilitation Unit at the Windhoek Central Hospital rehabilitated 34 persons in the same financial year established in partnership with MOHSS and Spinalis Sweden.  
The rehabilitation program also includes Care-Taker Training on an annual basis to those who diligently look after the Fund’s seriously injured claimants as well as the Home Modification program which serves to ease mobility at home for those using wheelchairs and enabling independence.