15
Oct
Allexer Namundjembo Namcor Interim Managing Director, Ebson Uanguta acknowledged that the institution has significant debts mainly owed to its suppliers. Uanguta said this on Tuesday while giving an overview of the company’s operations and strategic progress at the Government Information Centre. “These were possibly things that went wrong, hence Namcor found itself in significant debt, and because of that, we needed financial support from the government as a shareholder. We appreciate the government for its commitment because they came and supported Namcor during that difficult time,’’ Uanguta said. He explained that the institution then came up with a sovereign guarantee…