SWAKOPMUND: Finance Minister Saara Kuugongelwa-Amadhila yesterday officially opened the second annual All Africa Fraud and Corruption conference here.
The four-day conference being hosted at the Swakopmund Seaside Hotel is taking place under the theme ‘Clean Business, Clean Government: Cracking Down Fraud, Corruption and Financial Crime’.
Among the participants are directors of internal audit: senior Government officials: representatives from the office of the Prosecutor-General as well as Constituency, Regional and Local Authority councillors.
Kuugongelwa-Amadhila said the conference affords those present an opportunity to share diverse experiences amongst each other.
Corruption has significant and adverse impacts on the economy and social fabric of society, she noted.
The minister said tax fraud, for example, has an immediate effect of depriving Government of the much-needed resources to address pervasive poverty and unemployment which plague societies, or to provide social services.