More articles in this category
Top Stories

Newly appointed Urban and Rural Development minister, Peya Mushelenga, has urged employers to offer financial assistance to their workers and othe...

Distinguished long distance athlete and now Common Wealth gold medalist, Helalia Johannes, has been promoted from Corporal to the rank of Warrant ...

Finally, after fears that there may not be funds to implement the recently birthed Whistleblower Protection Act and Witness Protection Act, the ju...

Long serving Auditor General (AG), Junias Kandjeke, has shot back at politicians who criticised his long stay in office saying that he is ready to...

Namibia’s common wealth gold medalists Jonas Junias Jonas and Helalia Johannes made their touch down back home and received a joyous welcome...

The Namibian Police (Nampol) on Tuesday morning recovered the body of Saima Thomas, 32, in Hakahana after the shack she and her husband and two ch...

Other Articles from The Villager

MCA targets within reach

Thu, 6 December 2012 15:51
by Villager Online Writer
News Flash

The Millennium Challenge Account Namibia (MCA-N), bankrolled by the United States government, is moving within its target, according to its just-released annual report.

MCA‐N invests in Namibia’s education, agriculture and tourism sectors through the United States government’s Millennium Challenge Corporation (MCC) to the value of US$304.5m (N$ 2.5b) with the aim of reducing poverty through economic growth.

According to the annual report, almost half of the budget is allocated to the education sector, tourism and agriculture where each sector gets approximately 20% while 10% goes into administration.

The report reflects the organisation’s performance for 2012, indicating that almost all targeted commitments have been met in the five-year programme, which comes to an end in 2014.

MCA‐N has recorded a slight overall below‐par performance on its commitment and spending targets, which are; US$81m against the target of US$104m (approximately N$708m) in signed contracts (commitment) and US$53m (approximately $355m) against the envisaged target of US$74m (approximately N$550m) (spending).

Of the total compact budget, MCA‐N has, to date, committed US$219m (72%) and spent US$107m (35%).