'Swapo HQ not funded with stolen money'
The ruling party's multimillion-dollar headquarters in Windhoek - which is currently under construction – was not funded with stolen mone, President Hage Geingob has said.
27 April 2021 | Politics
While alleged to have benefitted from proceeds of the Fishrot bribery scandal, Swapo president Hage Geingob on Saturday boasted that the party's multimillion-dollar headquarters in Windhoek - which is currently under construction – was not funded with stolen money.
Geingob made the remarks during the party's 61-year anniversary and inauguration of its new regional headquarters in Rundu.
He said the funding of Swapo's headquarters is derived from its companies as well as about N$40 million which the party collected from its members' yearly contributions and donations.
“The headquarters is about to be completed with our own money, not stolen but our own money from our party companies. They are funding it and your own contributions. In that, close to N$40 million came from you, your contributions,” he said.
The party handed the bid for the building's construction, valued at a whopping N$730 million, to Chinese firm, Unik Construction.