08
Jun
Chamwe Kaira Rössing Uranium is holding N$421 million in restricted Iranian funds in 2024, up from N$394 million in 2023. This money represents dividends owed to the Iran Foreign Investment Company (IFIC), a shareholder in the company. The funds were first restricted under United Nations Security Council Resolution (UNSCR) 1929. Although that resolution was later repealed by UNSCR 2231, some sanctions remain in place. The United States Treasury’s Office of Foreign Assets Control (OFAC) lists IFIC as a government-controlled entity. It has also placed IFIC on its Specifically Designated Nationals and Blocked Persons List. “The board has critically assessed this…