insert_link Namibia Potential Fuel Theft Valued at Over N$1 Million Discovered at Namibian National Oil Storage Facility The National Petroleum Corporation of Namibia has identified a potential fuel theft amounting to over N$1 million at the National Oil Storage Facility in Walvis Bay. Loading documents indicate the dispatch of diesel ADO 50 ppm last December and January this year, yet there's no evidence of the product reaching the intended customer site. NamCor's Manager of Marketing, Communications, and Public Relations, Paulo Coelho. today15 February, 2024
insert_link Namibia Government Extends N$1.3 Billion Lifeline to Namcor in Financial Rescue Deal The government has approved a financial rescue plan by allocating N$1.3 billion to assist the financially strained National Petroleum Corporation of Namibia as a short-term solution. Namcor, the national oil parastatal, reported a loss of N$700 million in the previous fiscal year. Despite the Cabinet initially rejecting a bailout proposal in October, Minister of Finance and Public Enterprises Iipumbu Shiimi, in a letter dated November 29, 2023, addressed to Namcor […] today18 January, 2024
insert_link Namibia Criticism Arises as Namcor Spends N$68 Million on Incomplete Organizational Software System Namcor, the National Petroleum Corporation of Namibia, has invested N$68 million in an operational software system for their organization, which, regrettably, is not fully operational. The corporation entrusted Green Enterprise Solutions with a software tender in January 2020. Their task was to supply, install, implement, test, and activate an enterprise resource planning system, a crucial software tool for managing day-to-day business activities within organizations. According to documents obtained by The […] today10 January, 2024
