Agribusdev probe nearing completion
23 February 2021 | Agriculture
A probe into the affairs of Agribusdev will be completed before the end of this month, public enterprise minister Leon Jooste has said.
“The final report will be available before the end of this month,” Jooste said when asked to provide an update on the status of the report.
The probe is looking into the overall busines operations of Agribusdev, financial management and control and procurement processes.
The ministry initiated the probe after the suspension of its then CEO, the late Petrus Uugwanga.
It was suggested at the time that the suspension was related to the performance of the company and its inability to sustain itself despite managing more than 11 agricultural schemes around the country. The minister had been provided with a preliminary report prepared by auditing firm Deloitte.
“We had a meeting with the team from Deloitte on 16 December 2020 where a presentation of the progress and initial findings were shared. We will implement the appropriate recommendations as soon as we receive the final report that is expected before the end of February 202,” Windhoek Observer quoted Jooste as saying.
It is alleged that the company awarded a multimillion-dollar fertiliser supply tender to South African company Kynoch, whose Namibian agent was an employee of the government agency, despite the company not having bid for the tender.
The government agency's precarious financial position has seen it struggling to pay suppliers and salaries at some of its green schemes.