Fuel Storage

Arrests rock NAMCOR: More charged in N$327 million corruption scandal

The Anti‑Corruption Commission (ACC) has confirmed the arrest of nine individuals, among them four former senior executives of the National Petroleum Corporation of Namibia (NAMCOR), the state-owned petroleum entity, in connection with alleged corrupt dealings that drained more than N$327 million from public coffers. ACC spokesperson Josefina Nghituwamata revealed the charges focus on unlawful credit extensions and a failed N$53 million attempt to acquire fuel storage facilities—facilities already owned by […]

14 July, 2025

Business / Economics

Botswana’s Masisi proposes energy partnership with Namibia

Speaking at the official opening of the annual Swakopmund International Trade Expo, which is organised by the Namibia Chamber of Commerce and Industry, Botswana’s President Mokgweetsi Masisi announced that Namibia and Botswana will collaborate in the energy sector by setting up a fuel storage facility at Walvis Bay.

4 July, 2024