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Hon. Ipumbu Shiimi

Minister of Finance

Corporate Governance

The Road Fund Administration is governed by a board of directors accountable to the Minister of Finance. The Directors are responsible for policy formulation, control and management of the Fund. The executive management team consisting of the Chief Executive Officer and six executive managers execute the day-to-day operations of the Fund.

ministry of finance


Our Corporate Structure 1
Strategic StakeholdersMaterial InterestsObjectives of Engagement
Roads AuthorityFinancial support, budget allocation, collaboration
  • Successful projects implementation
  • Enforcement and accountability
  • Road maintenance projects and programmes
Regional and Local AuthoritiesFinancial support, budgetary allocations
  • Successful projects implementation and accountability
National Road Safety CouncilRoad safety projects and information dissemination, financial support
  • Safer roads
Road usersRUCs, safe and affordable use of quality roads
  • Payment of road user charges
  • Compliance
  • To create awareness and disseminate information regarding RUCs
National, regional and international bodies, associations and federations

Member of:

The African Road Maintenance Funds Association (ARMFA)
  • Exchange of best practices and support
Namibia Chamber of Commerce and Industry (NCCI)Collaboration
  • Industry collaboration
  • Networking on the transport industry’s contribution towards economic growth
International Road Federation (IRF)Collaboration
  • Capacity building and information sharing
Walvis Bay Corridor Group (WBCG)Collaboration
  • Logistics hub synergy
Commercial banks and funding agenciesCredibility, governance, prudence
  • Low interest loans
  • Grants
Ministry of FinanceShareholder representation
  • Approval of RUCs increase
  • Support and approval of ISBP
  • Presentation of Annual Report and Financial Statements
Ministry of Mines and EnergyFuel levies
  • Implementation of Fuel Levy
Ministry of Public EnterprisesGood corporate governance and compliance
  • Support and approval of ISBP
Ministry of Works and TransportRoad infrastructure development
  • Logistics hub synergy
Ministry of Safety and Security / NAMPOL / Traffic Law EnforcementRoad infrastructure development
  • Logistics hub synergy
EmployeesJob security, conducive working environment
  • Productivity and high-performance culture
Trade Unions Collaboration on labour related matters
  • Bargaining unit interest
MediaTransparency, access to reliable information
  • Factual reporting and liaison
  • Information sharing and awareness creation

Partners &

ministry of work and transport
roads authority
ministry of finance
roads contractor company limited
african road maintenance funds association
motor vehicle accident fund
namibia chamber of commerce and industry
national road safety council
government republic of namibia
walvis bay corridor group