Financial instability, compounded by low economic growth, is the biggest challenge facing municipalities in southern Africa. 

The South African Local Governance Association President, Stofile Bheke, said this while addressing attendees at the Local Economic Development Indaba held at Luderitz. 

The Association of Local Authorities in Namibia organised the four-day Indaba to examine and explore practical ways that local authorities can expand their revenue streams.

President Hage Geingob has urged the Pan African Youth Union to seek an audience with the African Union for its recognition.

The Union's delegation met the President to lobby for diplomatic and financial support from Namibia.

Lüderitz-based Seaflower Whitefish Corporation, a subsidiary of state-owned enterprise Fishcor, is improving its operational efficiency despite financial challenges. 

Fishcor CEO Alex Gawa!nab says as part of the company's turnaround strategy, management last week engaged potential partners to look at how best it can prudently utilise its resources.

Moreover, the CEO added, it also had several engagements with the government on the prudent use of quota allocations.