Africa Oil Corp. has made a cash offer to acquire up to 8.0% of issued shares from minority shareholders in Impact Oil and Gas Limited. The offer is worth up to approximately US$64 million (about N$1.2 billion), which implies a valuation of US$805 million for 100% of the issued share capital of Impact. Africa Oil...
City Mayor, Cllr. Joseph Uapingene has said that the City of Windhoek will consider incentives as one of the ways to encourage residents to pay their debts and thereby relieve the City and residents of the current debt. The City approved its 2023/2024 budget which has grown to N$5 billion. Uapingene highlighted that there is...
Staff Reporter THE City of Windhoek has said that it will continue to enlist the services of the Red Force debt-collecting agency, despite public petitions against it. The City of Windhoek said that it’s debt has now reached a total of N$1.2 billion due to its delay in cutting off water and electricity services in...
“As of May 2023, our total debtors’ book stands at N$1.2 billion, which also includes the current accounts that are due for payment in June 2023,” said Section Head: Corporate Communications a the City of Windhoek, Lydia Amutenya. Amutenya recently provided clarity on the public notice they issued on the disconnection of services for accounts...