August 26 Construction

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Namibia

Multimillion-Dollar Rift Unfolds in State-Backed Military Construction Firm and Israeli Partners Over Power Station Tender

Amidst a complex web of contractual disagreements, a state-owned military construction company finds itself at odds with its Israeli partners over a lucrative N$1.2 billion power station tender. The bone of contention? How the profits from this ambitious project should be distributed. August 26 Construction, a government-owned entity, is pushing for a considerable N$36 million share of the project's profits. However, this demand has encountered staunch resistance from its Israeli […]

today7 March, 2024