insert_link Namibia Government’s N$1.2 Billion Lifeline Channels Directly to Namcor’s Creditors and Suppliers The government's infusion of N$1.2 billion to stabilize the National Petroleum Corporation of Namibia has taken an unconventional route, bypassing direct cash injection to settle Namcor's debts. Instead, the bailout funds were disbursed directly to Namcor's suppliers and creditors last month, as confirmed by Namcor spokesperson Utaara Hoveka. This strategic move alleviates Namcor's financial burden, providing a crucial lifeline to prevent potential liquidation. The bailout, facilitated by a sovereign guarantee, […] todayMay 15, 2024 14
Paying it forward: Kenyan coastal doctor Bashrahil Mohammed Mafudh has made it his life’s work to care for the most vulnerable in his community, at no cost.
