Ongandjera King Demands N$15 Million from Empowerment Entity Amid Heineken Deal

Ongandjera King Johannes Mupiya is considering legal action against a black empowerment entity unless it pays him N$15 million in profits. This amount was agreed upon in a deal linked to Heineken’s acquisition of a 50.01% stake in NBL Investments from the Ohlthaver & List (O&L) Group for N$5.4 billion last year. Epia Investment Holdings, a politically connected entity, including late businessman Aron Mushimba, held a 49% stake in NBL and benefited from the Heineken deal. Now, the Ongandjera king is seeking the N$15 million owed to him from the transaction.

Written by: Leonard Witbeen

FUTURE MEDIA NAMIBIA FUTURE MEDIA NEWS johannes mupiya leonard witbeen Ohlthaver & List (O&L) Group ongandjera

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