The appointment of a new board at the National Petroleum Corporation of Namibia (Namcor) is set to lead to changes at the parastatal, including the role of managing director. Key changes include the conclusion of the disciplinary hearing of suspended…
Roman Grynberg
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The Financial Intelligence Centre (FIC) says it is taking steps to counter potential money laundering and proliferation financing in the country’s booming oil, green hydrogen and betting industries. “The industries are nascent industries in Namibia. Be mindful that all industries,…
Roman Grynberg
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Namibia’s dream of becoming a green hydrogen leader faces a harsh reality check. A recent Oxford University study throws cold water on the project’s profitability, raising concerns about its long-term viability. The March report by five Oxford engineers modelled production…
Roman Grynberg
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The number of Namibians seeking asylum in the United Kingdom (UK) has skyrocketed in recent years, jumping from 27 in 2016 to over 1 400 last year. This surpasses the number of asylum seekers from war-torn countries like Sudan, Syria…
Roman Grynberg
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… paid directly to suppliers The government’s N$1,2 billion bailout for the National Petroleum Corporation of Namibia (Namcor) has been paid directly to Namcor’s suppliers and creditors. The bailout, aimed at stabilising the national oil company, was paid last month.…
Roman Grynberg
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Swapo says it has no money to organise an extraordinary congress, which some members are legally pursuing to elect a new party president, following the death of Hage Geingob on 4 February. Netumbo Nandi-Ndaitwah has since been endorsed as Swapo’s…
Roman Grynberg
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Investigators will be determining why the Cessna 406 aircraft, which tragically crashed and claimed three lives in Windhoek on Friday, was doing a test flight at around 17h00. The crash of the aircraft, owned by Westair Aviation, claimed the lives…
Roman Grynberg
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… Kamushinda only paid back N$3m of N$247m stolen from SME Bank Zimbabwean banker and minority shareholder in the liquidated Namibian SME Bank Enock Kamushinda initially agreed to pay back N$140 million of the N$247 million stolen from the bank.…
Roman Grynberg
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Officials from the United States of America will be part of a team to investigate the aircraft crash that claimed the lives of three people in Pionierspark, Windhoek, on Friday.This was confirmed by Magnus Abraham, head of the Directorate of…
Roman Grynberg
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United Africa Group’s lawyer Boris Isaacks says the company’s founder, Haddis Tilahun, did not directly urge clients to stop business dealings with Erongo Petroleum. Isaacks was reacting to a report published in The Namibian on 10 April, titled ‘Ex-Namcor manager…
Roman Grynberg
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… Namcor investigated Olivia Dunaiski for approving N$28m to Erongo Petroleum CC – her new employer Former National Petroleum Corporation of Namibia (Namcor) commercial manager Olivia Dunaiski has been hired by Erongo Petroleum CC, a company she is accused of…
Roman Grynberg
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SWAPO secretary general Sophia Shaningwa on Thursday said the construction of the party’s national headquarters is nearing completion. Shaningwa was reacting to a report published in The Namibian last week, headlined ‘Swapo headquarters project stopped over unpaid N$100m’. “The construction…
Roman Grynberg
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