The Ministry of Finance, Republic of Namibia develops and administers fiscal and financial policies to ensure macroeconomic stability and sustainable and equitable socio-economic development across the country. Republic of Namibia’s territory covers 318,696 miles, and it has a gross domestic product of US$12.3 billion.
The ministry is committed to being a dynamic and reputable institution that excels at government fiscal and financial management.
The Oracle Solution was chosen following a tendering process and was provided through Silnam.
The Ministry of Finance migrated its integrated financial management system to Oracle E-Business Suite Release 12.1.3 between June 2011 and March 2012, going live in April 2012. The project implementation team, including a project manager, technical manager and functional manager, all from different Namibia ministries, were tasked with duplicating the financial system upgrades across the Namibian government and ensuring compatibility across multiple divisions.
Silnam IT Solutions is an Oracle Specialized Partner that provides and implements IT solutions using skilled and experienced resources and industry best practices. The Ministry of Finance buys licenses directly from Oracle for its financial system. It has contracted with Silnam IT Solutions for support, migration, and training services.