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Fuelgate: Wealthy Malakia fears N$18m loss over arrest

Fuelgate: Wealthy Malakia fears N$18m loss over arrest

Hertta-Maria Amutenja Businessman Malakia Elindi, who is worth N$118 million, claims his arrest could cost him to lose N$18 million in a mining deal with a foreign investor. Malakia, one of the accused in the Namcor corruption and bribery case, made this revelation during his ongoing bail application in the Windhoek Magistrates Court this week. He told the court that he was about to finalise an investment agreement for uranium (EPL 8289) through his company, Zoya Minerals CC, when he was arrested. “I was also in pain with the timing of the arrest. I was just on the verge of…
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Hengari says complainant wanted N$10k to pay off cop

Hengari says complainant wanted N$10k to pay off cop

Allexer Namundjembo The former minister of agriculture, water and land reform, Mac-Albert Hengari, said the complaint in the rape case against him requested N$10 000 from him to pay a police officer to make the case disappear. He said this on Monday during his formal bail hearing at the Windhoek Magistrates Court before magistrate Monica Andjaba on Wednesday. “The complainant requested N$10 000 to apparently pay a policeman to make the case go away,” Hengari told the court. Hengari said there was a meeting that took place at a law firm in Windhoek at the complainant’s request. Present at the…
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Meatco gives Liebenberg the chop

Meatco gives Liebenberg the chop

Hertta-Maria Amutenja Patrick Liebenberg’s short-lived term as acting chief executive officer of the Meat Corporation of Namibia (Meatco) has come to an abrupt end, just weeks before his six-month tenure was set to expire. The Meatco suspended Liebenberg with effect from 14 July, pending an independent investigation.  This was detailed in an internal memo issued to staff by Meatco board deputy chairperson Stefanie de Klerk. Liebenberg, who also served as executive for livestock procurement and production, was appointed acting CEO in February after the board opted not to renew the contract of former CEO Mwilima Mushokabanji. “The Meatco board of…
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Fuelgate: Elindi blames Namcor for faulty asset valuation

Fuelgate: Elindi blames Namcor for faulty asset valuation

Justicia Shipena Businessman Peter Elindi told the Windhoek Magistrates’ Court on Monday that he should not be blamed for the National Petroleum Corporation of Namibia (Namcor)’s internal asset valuation, which the state claims was flawed. “It’s not my problem if they did a bad job,” Peter said in his evidence-in-chief with his lawyer, Sisa Namandje. Elindi was testifying in his bail application in the ongoing N$480 million Namcor corruption and bribery case. He distanced himself from a valuation conducted by Namcor’s engineering and technical department, which the state has labelled a “sham”. Namandje referred to court documents alleging that the…
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Fuelgate: Namcor millions powered Elindi son’s firm

Fuelgate: Namcor millions powered Elindi son’s firm

Justicia Shipena Some of the funds misappropriated in the Namcor corruption and bribery case were used to finance operations of a company owned by the son of one of the Elindi brothers. This was revealed in court as the state laid out charges against Leo Nandago Stefanus, one of the accused in the high-profile money laundering and corruption case involving millions of dollars. The state alleges that the funds were used to support the activities of Erongo Petroleum CC and Quality Supplies CC.  Erongo Petroleum is owned by Austin Elindi, son of businessman Peter Elindi, who has also been arrested…
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FuelGate: Enercon faces collapse

FuelGate: Enercon faces collapse

Justicia Shipena  Enercon Namibia (Pty) Ltd has until 22 July to convince the High Court why it should not be liquidated over unpaid fuel debts to Namcor, just weeks before the company and its directors were charged in a multi-million-dollar corruption and racketeering case.  The military-linked fuel supplier, partly owned by the Ministry of Defence through August 26 Holdings, is now at the centre of one of the country's biggest public sector corruption scandals. Established in 2007, Enercon operates in fuel supply, construction of storage facilities, petroleum distribution, and fuel management. It operates in the fuel supply sector, focusing on…
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Oil trails Namcor alumni in bribe web

Oil trails Namcor alumni in bribe web

Justicia Shipena Four of the eight individuals arrested this week by the Anti-Corruption Commission (ACC) on corruption charges are former employees of the National Petroleum Corporation of Namibia (Namcor). The remaining four are private individuals. An ACC official confirmed the arrests to the Windhoek Observer on Wednesday after three more suspects were taken into custody.  The eight suspects are accused of violating several sections of the Anti-Corruption Act, including sections 32 to 35. These provisions relate to public officials abusing their position or giving bribes to officials. “For those that were arrested now, four are former employees and four are…
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ACC eats its words on Mulunga

ACC eats its words on Mulunga

Allexer Namundjembo The Anti-Corruption Commission (ACC), which last year praised former Namcor managing director Immanuel ‘Imms’ Mulunga for saving the company and the country, has now arrested him on potential corruption-related charges.  His arrest, according to sources, stems from a 2023 oil transaction involving N$100 million, which led to his suspension and eventual dismissal. Mulunga was arrested on Tuesday afternoon at his home in Klein Windhoek.  ACC director general Paulus Noa confirmed the arrest and said further arrests are expected.  “He is yet to be charged. Mind you, he is not the only one; there are others. There could be…
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NaCC rules Cheetah-Ohorongo deal a no-go

NaCC rules Cheetah-Ohorongo deal a no-go

Justicia Shipena The Namibian Competition Commission (NaCC) has blocked the proposed merger between Whale Rock Cement, trading as Cheetah Cement, and Schwenk Namibia, the parent company of Ohorongo Cement. The decision was announced on Friday, 4 July 2025, following an investigation into the acquisition filed on 17 February 2025. Whale Rock Cement had applied to acquire the entire issued share capital in Schwenk Namibia from Schwenk Zement International GmbH & Co. KG. Whale Rock Cement owns and operates a cement plant near Otjiwarongo and supplies the domestic market under the Cheetah Cement brand. Schwenk Namibia holds a controlling interest in…
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Namcor still in the red after N$1.2 billion state lifeline

Namcor still in the red after N$1.2 billion state lifeline

Hertta-Maria Amutenja The National Petroleum Corporation of Namibia (Namcor) remains in financial trouble despite receiving a N$1.2 billion government bailout in April 2024.  The company confirmed that liquidity problems persist and more support may be needed to settle outstanding debts. Namcor’s board and management said the bailout was used to access commercial loans, which were mostly used to pay off overdue creditors.  “Liquidity challenges remain persistent, and support may be required to clear the remaining long outstanding creditors balances,” the company stated. By March 2024, Namcor’s total debt stood at N$3.3 billion.  The bailout helped reduce this to N$1.6 billion.…
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