Shiimi bemoans outdated finance ministry structures

‘Not fit for purpose’
An overview of the finance ministry has found that the ministry is in need of a structural overhaul and technical modernisation.
Ogone Tlhage
Finance minister Ipumbu Shiimi says the Treasury is not adequately structured to properly carry out its mandate as an economic institution.

Shiimi made the comments while giving an update on his ministry’s activities at the Government Information Centre earlier this week.

The ministry’s archaic structure meant that it was not geared for current times, Shiimi said.

“One of the challenges we have [is that] the ministry was established at independence, so, when you look at the structure, we have realised that the current structure that we have – and it has not been renewed for a while – the structure is not fit for purpose,” Shiimi said.



Embrace tech

Addressing this archaic set-up, Shiimi said, may involve moving staff members around to fill gaps where the ministry has shortcomings.

“We realised when we started with this exercise, we have too many administrators in the system and the system needs accountants and economists because it is an economic institution, it is about tax collection and revenue forecasting. So, we have realised that we are lean on the one side, so we have to shift our talents around,” he said.

Shiimi also stressed the need for the processes and systems within the ministry to not be so heavily reliant on manual procedures, and instead embrace technology.

“The other challenge is that some of our processes are still very manual, so I think the future is in digitisation, so we have to automate our processes," he said, adding that "digitisation is a challenge and something we need to pay attention to."

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Allgemeine Zeitung 2024-06-16

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Katima Mulilo: 7° | 27° Rundu: 7° | 27° Eenhana: 9° | 29° Oshakati: 10° | 28° Ruacana: 10° | 29° Tsumeb: 10° | 25° Otjiwarongo: 8° | 25° Omaruru: 10° | 28° Windhoek: 7° | 22° Gobabis: 7° | 23° Henties Bay: 15° | 27° Wind speed: 36km/h, Wind direction: N, Low tide: 05:24, High tide: 11:44, Low Tide: 17:20, High tide: 23:54 Swakopmund: 16° | 21° Wind speed: 24km/h, Wind direction: NE, Low tide: 05:22, High tide: 11:42, Low Tide: 17:18, High tide: 23:52 Walvis Bay: 16° | 26° Wind speed: 28km/h, Wind direction: NE, Low tide: 05:22, High tide: 11:41, Low Tide: 17:18, High tide: 23:51 Rehoboth: 7° | 25° Mariental: 10° | 25° Keetmanshoop: 12° | 25° Aranos: 9° | 25° Lüderitz: 18° | 31° Ariamsvlei: 11° | 26° Oranjemund: 16° | 31° Luanda: 21° | 23° Gaborone: 9° | 23° Lubumbashi: 7° | 25° Mbabane: 9° | 20° Maseru: 5° | 18° Antananarivo: 14° | 21° Lilongwe: 11° | 22° Maputo: 15° | 25° Windhoek: 7° | 22° Cape Town: 13° | 22° Durban: 15° | 22° Johannesburg: 10° | 19° Dar es Salaam: 21° | 31° Lusaka: 11° | 24° Harare: 11° | 21° Currency: GBP to NAD 23.2 | EUR to NAD 19.61 | CNY to NAD 2.52 | USD to NAD 18.33 | DZD to NAD 0.14 | AOA to NAD 0.02 | BWP to NAD 1.3 | EGP to NAD 0.37 | KES to NAD 0.14 | NGN to NAD 0.01 | ZMW to NAD 0.7 | ZWL to NAD 0.04 | BRL to NAD 3.4 | RUB to NAD 0.2 | INR to NAD 0.22 | USD to DZD 134.42 | USD to AOA 852.48 | USD to BWP 13.64 | USD to EGP 47.66 | USD to KES 128.48 | USD to NGN 1481.64 | USD to ZAR 18.34 | USD to ZMW 25.9 | USD to ZWL 321 | Stock Exchange: JSE All Share Index Same 0 | Namibian Stock Exchange (NSX) Overall Index 1714.67 Up +2.20% | Casablanca Stock Exchange (CSE) MASI 13162.23 Down -0.2% | Egyptian Exchange (EGX) 30 Index 26417.6 Up +1.09% | Botswana Stock Exchange (BSE) DCI Same 0 | NSX: MTC 7.75 SAME | Anirep 8.99 SAME | Capricorn Investment group 17.34 SAME | FirstRand Namibia Ltd 49 DOWN 0.50% | Letshego Holdings (Namibia) Ltd 4.1 UP 2.50% | Namibia Asset Management Ltd 0.7 SAME | Namibia Breweries Ltd 31.49 UP 0.03% | Nictus Holdings - Nam 2.22 SAME | Oryx Properties Ltd 12.1 UP 1.70% | Paratus Namibia Holdings 11.99 SAME | SBN Holdings 8.45 SAME | Trustco Group Holdings Ltd 0.48 SAME | B2Gold Corporation 47.34 DOWN 1.50% | Local Index closed 677.62 UP 0.12% | Overall Index closed 1534.6 DOWN 0.05% | Osino Resources Corp 19.47 DOWN 2.41% | Commodities: Gold US$ 2 332.65/OZ UP +1.31% | Copper US$ 4.49/lb UP +0.63% | Zinc US$ 2 809.00/T UP 0.04% | Brent Crude Oil US$ 82.77/BBP UP +0.50% | Platinum US$ 957.56/OZ UP +1.01% Sport results: Weather: Katima Mulilo: 7° | 27° Rundu: 7° | 27° Eenhana: 9° | 29° Oshakati: 10° | 28° Ruacana: 10° | 29° Tsumeb: 10° | 25° Otjiwarongo: 8° | 25° Omaruru: 10° | 28° Windhoek: 7° | 22° Gobabis: 7° | 23° Henties Bay: 15° | 27° Wind speed: 36km/h, Wind direction: N, Low tide: 05:24, High tide: 11:44, Low Tide: 17:20, High tide: 23:54 Swakopmund: 16° | 21° Wind speed: 24km/h, Wind direction: NE, Low tide: 05:22, High tide: 11:42, Low Tide: 17:18, High tide: 23:52 Walvis Bay: 16° | 26° Wind speed: 28km/h, Wind direction: NE, Low tide: 05:22, High tide: 11:41, Low Tide: 17:18, High tide: 23:51 Rehoboth: 7° | 25° Mariental: 10° | 25° Keetmanshoop: 12° | 25° Aranos: 9° | 25° Lüderitz: 18° | 31° Ariamsvlei: 11° | 26° Oranjemund: 16° | 31° Luanda: 21° | 23° Gaborone: 9° | 23° Lubumbashi: 7° | 25° Mbabane: 9° | 20° Maseru: 5° | 18° Antananarivo: 14° | 21° Lilongwe: 11° | 22° Maputo: 15° | 25° Windhoek: 7° | 22° Cape Town: 13° | 22° Durban: 15° | 22° Johannesburg: 10° | 19° Dar es Salaam: 21° | 31° Lusaka: 11° | 24° Harare: 11° | 21° Economic Indicators: Currency: GBP to NAD 23.2 | EUR to NAD 19.61 | CNY to NAD 2.52 | USD to NAD 18.33 | DZD to NAD 0.14 | AOA to NAD 0.02 | BWP to NAD 1.3 | EGP to NAD 0.37 | KES to NAD 0.14 | NGN to NAD 0.01 | ZMW to NAD 0.7 | ZWL to NAD 0.04 | BRL to NAD 3.4 | RUB to NAD 0.2 | INR to NAD 0.22 | USD to DZD 134.42 | USD to AOA 852.48 | USD to BWP 13.64 | USD to EGP 47.66 | USD to KES 128.48 | USD to NGN 1481.64 | USD to ZAR 18.34 | USD to ZMW 25.9 | USD to ZWL 321 | Stock Exchange: JSE All Share Index Same 0 | Namibian Stock Exchange (NSX) Overall Index 1714.67 Up +2.20% | Casablanca Stock Exchange (CSE) MASI 13162.23 Down -0.2% | Egyptian Exchange (EGX) 30 Index 26417.6 Up +1.09% | Botswana Stock Exchange (BSE) DCI Same 0 | NSX: MTC 7.75 SAME | Anirep 8.99 SAME | Capricorn Investment group 17.34 SAME | FirstRand Namibia Ltd 49 DOWN 0.50% | Letshego Holdings (Namibia) Ltd 4.1 UP 2.50% | Namibia Asset Management Ltd 0.7 SAME | Namibia Breweries Ltd 31.49 UP 0.03% | Nictus Holdings - Nam 2.22 SAME | Oryx Properties Ltd 12.1 UP 1.70% | Paratus Namibia Holdings 11.99 SAME | SBN Holdings 8.45 SAME | Trustco Group Holdings Ltd 0.48 SAME | B2Gold Corporation 47.34 DOWN 1.50% | Local Index closed 677.62 UP 0.12% | Overall Index closed 1534.6 DOWN 0.05% | Osino Resources Corp 19.47 DOWN 2.41% | Commodities: Gold US$ 2 332.65/OZ UP +1.31% | Copper US$ 4.49/lb UP +0.63% | Zinc US$ 2 809.00/T UP 0.04% | Brent Crude Oil US$ 82.77/BBP UP +0.50% | Platinum US$ 957.56/OZ UP +1.01%