The National Petroleum Corporation of Namibia (Namcor) has enforced legal action to shut down two military fuel suppliers to recover debt of over N$380 million. The state-owned enterprise filed High Court liquidation applications in April this year against two companies…

Namibia has so far spent N$380 million on consultancy services, feasibility studies and subsistence and travel (S&T) allowances for the development of green hydrogen projects across the country. These projects include Hyphen Hydrogen Energy, the Dâures green hydrogen village, Cleanergy…

The appointment of a new board at the National Petroleum Corporation of Namibia (Namcor) is set to lead to changes at the parastatal, including the role of managing director. Key changes include the conclusion of the disciplinary hearing of suspended…

The Financial Intelligence Centre (FIC) says it is taking steps to counter potential money laundering and proliferation financing in the country’s booming oil, green hydrogen and betting industries. “The industries are nascent industries in Namibia. Be mindful that all industries,…

Namibia’s dream of becoming a green hydrogen leader faces a harsh reality check. A recent Oxford University study throws cold water on the project’s profitability, raising concerns about its long-term viability. The March report by five Oxford engineers modelled production…

… paid directly to suppliers The government’s N$1,2 billion bailout for the National Petroleum Corporation of Namibia (Namcor) has been paid directly to Namcor’s suppliers and creditors. The bailout, aimed at stabilising the national oil company, was paid last month.…

Swapo says it has no money to organise an extraordinary congress, which some members are legally pursuing to elect a new party president, following the death of Hage Geingob on 4 February. Netumbo Nandi-Ndaitwah has since been endorsed as Swapo’s…

… Kamushinda only paid back N$3m of N$247m stolen from SME Bank Zimbabwean banker and minority shareholder in the liquidated Namibian SME Bank Enock Kamushinda initially agreed to pay back N$140 million of the N$247 million stolen from the bank.…

Investigators will be determining why the Cessna 406 aircraft, which tragically crashed and claimed three lives in Windhoek on Friday, was doing a test flight at around 17h00. The crash of the aircraft, owned by Westair Aviation, claimed the lives…

Officials from the United States of America will be part of a team to investigate the aircraft crash that claimed the lives of three people in Pionierspark, Windhoek, on Friday.This was confirmed by Magnus Abraham, head of the Directorate of…