24
Jul
Hertta-Maria Amutenja Former Namcor managing director Immanuel Mulunga testified in the Windhoek Magistrate’s Court on Wednesday that the ten-year fuel supply agreement between Namcor Petroleum Trading and Distribution Pty Ltd and Enercon Namibia was a commercially motivated deal intended to generate profits for both companies. Mulunga, who is seeking bail following his arrest two weeks ago on charges related to corruption and money laundering, said the contract required Namcor Trading to supply Enercon Namibia PTY Ltd with a minimum of 700 000 litres of fuel per month. “The investment would be paid back in four years, and the next six…
