08
Dec
Martin Endjala The chief executive officer of August 26 Holdings, Ndajoina Shalumbu, has been suspended. On Friday, Board chairperson Brigadier General Fillimon Shafashike confirmed this to the Windhoek Observer. “I confirm that the CEO has been suspended in line with our governance processes,” said Shafashike. Shalumbu was suspended with immediate effect and Fanuel Haikuti is the appointed interim CEO. “This is a precautionary measure and does not imply any finding of misconduct or guilt. During this suspension, he remains entitled to all contractual benefits,” said Shafashike. The alleged fabrication of a quote for N$8 million in spare car parts for…