STAFF WRITER
Swapo ended the 2025/26 financial year with a N$3.9 million profit, a major turnaround from the N$10.5 million loss it recorded the previous year.
In contrast, the Independent Patriots for Change (IPC) reported a N$777 217 loss for the year ended December 2025 after spending more money than it earned.
A snippet of the ruling party’s latest financial report, published last week, shows that Swapo received N$107.7 million in political funding and earned an additional N$706,892 in finance income. After spending N$104.5 million, Swapo was left with a N$3.9 million profit.
The result shows an improvement from the previous year, when the party ended the year N$10.5 million in the red.
Swapo’s accumulated profit increased from N$3.1 million to N$7 million, while its cash reserves grew to N$7 million by the end of March 2026.
Swapo secretary general Sophia Shaningwa said “the version of the accounts was done in terms of the requirements of the Electoral Act of Namibia. The abridged version of accounts represents a summarised annual financial statements of Swapo party political funding account for the year end 31 March 2026 that were lodged at the Electoral Commission of Namibia.”
IPC SPENDS MORE THAN IT EARNS
The official opposition party, IPC, spent more money than it brought in during 2025.
The party earned N$30.8 million in income and N$22 774 in other income. However, its operating expenses reached N$31.6 million, resulting in a N$777 217 loss.
The loss pushed IPC’s accumulated losses from N$696,856 in 2024 to N$1.47 million by the end of 2025.
IPC’s cash reserves also declined, falling from N$948,314 at the end of 2024 to just N$22,034 a year later.
The party’s total assets stood at N$390,061, while its liabilities amounted to N$1.86 million.
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