NamCor

Ovatamanekwa va 2 va wedwapo moulunga wehangano lo Namcor vaholoka momangu

Connie van Wyk oshoyo Austin Elindi, veli ova feekelwa va 2 vawedwapo moshikumungu shoulunga womahooli vamangelwepo omandaxa, nena ova holoka komesho yomangu ya magistrate mo Windhoek. Austin Elindi oye mwene wehangano lErongo Petroleum, ehangano olo takutiwa olina oshimaliwa shomukuli wehangano lo Namcor N$200 million, konima eshi ladopa oku wanifapo eemango dehangano lomahooli osho leshininga pakwafelo no vanambelewa ovakulunhu kwali mehangano lo Namcor. Van Wyk oo yoo naye eli omutamanekwa oye […]

30 July, 2025

Oshiwambo

Peter Elindi, okwa ku pulashi omapopyo oo ta popilwa kutya okwa kufa ombinga melundululo loukengeleledi wo shimaliwa shee $53 million

Oo ali nale omunambelewa omukulunhu we hangano lo Enercon Namibia Peter Elindi, okwa ku pulashi omapopyo oo ta popilwa kutya okwa kufa ombinga melundululo loukengeleledi wo shimaliwa shee $53 million, osho sha tavakana pokati kehangano lo Enercon ne hangano lo NAMCOR. Pefimbo ta yadje oumbangi hokololo waye mefiku etivali meenghendabala doku mona omito yoku lifutilamo Elindi, okwati omatamaneko aeshe oo ta tamanelwa kaena oushili noka eli mondjila noku lilepo oku […]

16 July, 2025

Business / Economics

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

Oshiwambo

Omutamanekwa omu 9 mo shikumungu shoulunga wo Namcor atulwa moipandeko

Occommisi yo ku kondjifa oulingilingi moshilongo (ACC) oya koleka ekwatepo lomufeekelwa omu 9 moshikumungu shoumbudi wehangano lo mahooli Namcor. Tapopi noikundaneki oo eli omupopiliko wo ACC Josephine Nghituwamata, okwati omufeklwa omu 9, ota holoka komesho yomangu nena. Omufeekelwa okuli yoo oshitopolwa sha vakwao ovo vatulwa nale moipandeko, omolwo oukengeleledi nelongifo loka hetengi moimaliwa yehangano lo mahooli moshilongo Namcor. Ovatamanekwa vakwao moshinima omo mwa kwatelwa oo ali nale omunambelewa omukulunhu wehangano […]

11 July, 2025

Namibia

Mulunga, Ex-Namcor Execs Nabbed in ACC Crackdown

The Anti-Corruption Commission has arrested former Namcor MD Immanuel Mulunga, ex-supply and logistics manager Cornelius ‘Cedric’ Willemse, and former CFO Jennifer Hamukwaya, along with another unnamed person. The arrests, confirmed late yesterday, are linked to a major corruption probe, NewsOnOne’s Willem Snyman. Meanwhile, Public Relations and Communications Specialist Utaara Hoveka gave the update saying NAMCOR has distanced itself from the case, stressing that none of those involved are current employees […]

9 July, 2025

Oshiwambo

Ovanambelewa 4 vehangano lo Namcor vatulwa moipandeko

Ovo vali nale ovanailonga 4 ve hangano lo mahooli lo pashiwana moshilongo (Namcor), mwa kwatelwa omunambelewa kulunhu wavo, Immanuel Mulunga, ova tulwa moipandeko onghela mo Windhoek. Shelikwatelela kwao eli omunambelewa woipambele yoshiwana elilepo o commisi yoku kondjifa oulingilingi moshilongo (ACC), Josephine Nghituwamata, okwati ovo vamangwapo ova taalela omatamaneko ayooloka oku halonga nouyuuki veshininga pefimbo vali hava longele ehangano lo mahooli lanyama kepangelo . Nghituwamata talombwele oikundanei kutya ovanambelewa kwali nale […]

9 July, 2025

Business / Economics

Former Namcor MD Immanuel Mulunga arrested in ongoing ACC corruption investigation

Windhoek, 8 July 2025 – The Anti‑Corruption Commission (ACC) has arrested former National Petroleum Corporation of Namibia (Namcor) Managing Director Immanuel Mulunga at his Klein Windhoek residence, part of a broader corruption investigation involving senior officials, ACC Director-General Paulus Noa confirmed today. Mulunga, alongside three other former Namcor executives and an additional private individual, is being investigated for alleged misuse of public funds and governance breaches during his tenure. Noa […]

8 July, 2025

Business / Economics

NAMCOR Works to Overcome Financial Losses and Governance Issues

NAMCOR says the company is addressing serious financial challenges and governance failures, particularly in its trading division. Spokesperson Paulo Coelho says that despite revenue growth, losses reached N$1.3 billion in 2023, leading to a government bailout and ongoing efforts to strengthen controls, reduce debt, and improve transparency.

7 July, 2025

Business / Economics

Venus field development proceeds despite Marula-1X setback

The National Petroleum Corporation of Namibia Head Office Windhoek, Namibia — The National Petroleum Corporation of Namibia and its joint venture partners—TotalEnergies, QatarEnergy, and Impact Oil & Gas—are moving forward with the development of the Venus Field in Block 2913B (PEL 56), offshore Namibia. This decision comes despite the recent unsuccessful drilling of the Marula-1X exploration well. The Marula-1X well, located approximately 47 kilometers south of the Venus-1X discovery, […]

7 May, 2025