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Staff Writer  Namcor Trading and Distribution (Pty) Ltd, a subsidiary of the National Petroleum Corporation of Namibia (Namcor), sued its former commercial manager, Olivia Dunaiski, six months after she resigned, over an unpaid education loan of N$152,460.27. Court documents seen by the Windhoek Observer show that Namcor approached the High Court of Namibia to cancel the education loan agreement for financial assistance and recover the outstanding amount, with interest at 10.25% per annum from 10 October 2023, plus legal costs. The matter has since been settled. Dunaiski admitted owing the amount and agreed to repay it in monthly instalments of…

Justicia Shipena The Meat Corporation of Namibia (Meatco) says the number of missing cattle at one of its contracted feedlots is expected to rise as investigations continue. Meatco’s interim chief executive officer, Albertus Aochamub, said this in a statement on Monday. He also confirmed that Meatco has filed a criminal complaint with the Namibian Police after uncovering irregularities in livestock management. Reports first emerged in July about the disappearance of around 400 cattle worth N$7 million from a feedlot linked to a suspected drug dealer.  According to The Namibian newspaper, the animals were allegedly stolen by businessman David van der…

Justicia Shipena Popular Democratic Movement (PDM) leader McHenry Venaani has warned that the proposed Public Enterprises Governance Amendment Bill threatens good governance, accountability, and investor confidence in Namibia. The warning follows the tabling of the bill by prime minister Elijah Ngurare in Parliament last week.  The amendment seeks to revise the 2019 Public Enterprises Governance Act (PEGA) by centralising oversight of state-owned enterprises (SOEs) under the prime minister’s office. Under the proposed changes, the prime minister will gain broad authority over the appointment and removal of SOE board members and executives, as well as the approval of financial and strategic…

Justicia Shipena Prime minister Elijah Ngurare has told the interim Namibia University of Science and Technology (Nust) Council that he will not interfere in its internal affairs.  This was confirmed by Nust council chairperson, Leake Hangala, who told the Windhoek Observer that Ngurare met with the council delegation this last week to be briefed on recent developments at the institution. “It was a cordial, open, and transparent meeting, and he made it very clear that he is not interfering in the affairs of the Council,” Hangala said. He explained that the discussion centred on governance and procedure.  “The prime minister…