For the fiscal year ended 28 February 2023, the Cancer Association of Namibia (CAN) has suffered an operational loss of N.dollars 262 718.
The shortfall is mostly due to the development of CAN’s new palliative care programme, which is now being implemented.
This was disclosed by CAN Chief Executive Officer, Rolf Hansen, in the company’s annual general report, which was availed to Nampa on Monday.
He stated that the creation of the palliative care programme is in line with CAN’s purpose of combating cancer and its repercussions in Namibia.
“Palliative care plays an important role in improving the quality of life for cancer patients and their families, and it represents a considerable investment in individuals afflicted by the disease,” he said.
“CAN’s commitment to the long-term vision of developing a palliative care facility in the country for the benefit of Namibians, the preceding fiscal year had the most capital expenditure at N.dollars 7.3 million,” Hansen said.
Investment in new staff recruitment and development, as well as funding for the palliative care medical support programme, he says, underlines the organisation’s commitment to combating cancer and its consequences in Namibia.
Hansen stated that the association is still in a stable net financial position, showing that tight financial management and programme implementation have ensured CAN’s long-term viability.
He stated that the difficult economic situation, exacerbated by the effects of COVID-19, has resulted in increasing expenses and lower profit margins for CAN’s programmes.
It is natural that ticket prices for fundraising events cannot be raised to keep up with escalating costs. As a result, he believes that finding new ways to gather funds is critical in order to continue assisting Namibians impacted by cancer.
Hansen also stressed the importance of adapting to changing conditions and seeking novel techniques to fundraising, particularly during difficult times.
CAN will continue to give crucial assistance to individuals in need in Namibia by embracing new opportunities and maintaining committed to their purpose, he said.
“It remains truly remarkable to see the resilience and dedication of the Cancer Association of Namibia family in the face of numerous challenges, including the impact of COVID-19 and the war between Russia and Ukraine. Our organisation has again demonstrated a commitment to inspire hope, activate change, and make a positive impact on the lives of Namibians affected by cancer,” he said.
Source: The Namibian Press Agency