Auditors found: Trucks loaded with fuel but no evidence it reached customers The police are investigating a potential large-scale fuel theft after 69 trucks dispatched from the state-owned National Petroleum Corporation of Namibia (Namcor) reportedly failed to deliver their cargo to customers. The value of the missing fuel is not yet confirmed, but sources familiar...
The National Petroleum Corporation (NAMCOR) this week shared a plan to solve money problems it is been facing. NAMCOR’s acting managing director, Shiwana Ndeunyema at a media brief said the company had big financial losses of N$700 million by 31 March 2023 because they did not have enough money to keep things running smoothly. Ndeunyema...
The management and financial issues currently facing the National Petroleum Corporation (Namcor) pose a significant risk to Namibia’s new-found oil resources, economist Robin Sherbourne says. Sherbourne, in a report released yesterday by the Institute of Public Policy Research (IPPR), says good governance will play a critical role in ensuring Namibia’s oil and gas discoveries are...