Rundu launches commercial company to boost revenue
The Rundu Town Council in Namibia has launched a commercial subsidiary to generate new revenue streams and address growing municipal debt. The initiative aims to alleviate financial pressure caused by unpaid bills and rising service demands.
Why it matters
This reflects a common trend in developing municipalities seeking to diversify income to maintain essential public services.
The Rundu Town Council (RTC) has launched a commercial subsidiary, Rundu Town Council Commercial Services (Pty) Ltd, to generate additional income and reduce pressure on the council’s finances.
The company was launched during the fourth Rundu Mayoral Business Forum held at the town on Friday.
Speaking at the launch, RTC’s strategic executive for Community Services, Francisca Kupembona, said the establishment of the subsidiary would help the council diversify its sources of income and support the delivery of municipal services.
She said the RTC has struggled with revenue collection for years, largely because residents, businesses and other account holders have accumulated large unpaid municipal bills.
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