Kavango West Region only has two banks

28 Jun 2017 10:50am
WINDHOEK, 28 JUN (NAMPA) - Kavango West Region has only two banking institutions, Bank Windhoek and Standard Bank.
This situation forces community members who belong to other banks, to travel to Rundu in the Kavango East Region, some 140 kilometres away from Nkurenkuru.
Kavango West Governor Sirkka Ausiku revealed this during her State of the Region Address at Nkurenkuru, the regional capital, on Tuesday.
“We are still demanding other financial institutions to open in the region, as the region is vast,” said Ausiku.
She noted that the region currently has two private clinics providing needed health services in Nkurenkuru.
During the 2016/2017 financial year, the region was allocated a budget of N.dollars 346 241 000 for the development of 60 projects.
However, this budget was cut during the national Mid-Term Budget Review, in spite of statistics showing that the region is the poorest in the country.
Ausiku emphasised that most developmental projects could thus not start on time.
“I think it is high time our central government takes the available national and official statistics seriously and apply equity when allocating and reviewing budgets to regions,” said Ausiku.
Under infrastructure development, 12 projects were supposed to start but were put on hold after the Mid-Term Budget Review, Ausiku said.
These include the regional government office park, and offices for the Home Affairs and Immigration; Justice; Agriculture, Water and Forestry; Safety and Security; and Health and Social Services ministries.
The region covers an area of 24 591 square kilometres and has a population of 86 529.
It is predominantly rural, with a mere 0.01 per cent of inhabitants residing in urban areas.