The National Petroleum Corporation of Namibia (Namcor) has taken legal action against a company tied to businessman Peter Elindi and retired brigadier general James Auala in an attempt to recover N$53 million which the parastatal lost by buying storage facilities that already belonged to the government. Namcor and an entity called Enercon are involved in...
The government says it will consider which state-owned public enterprises it will continue to own and operate in collaboration with private businesses or sell once the Ownership Policy Framework of entities has been finalised. The Finance and Public Enterprises Minister Iipumbu Shiimi revealed the government’s intentions on the future of public enterprises during a mid-term...