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Dec 12, 2023 | 
namibian.com.na | Tileni Monghudhi
High-ranking military officials have raised concerns about a proposal by British businessman and murder accused Harvey Boulter’s company to sell weapons to the Ministry of Defence and Veterans Affairs for N$29 million. Boulter is facing multiple charges in Namibia, including a count of murder, after a fatal shooting that killed his farm manager, Gerhard van Wyk in 2021.
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Dec 10, 2023 | 
namibian.com.na | Tileni Monghudhi
The National Petroleum Corporation of Namibia (Namcor) has slapped suspended managing director Immanuel Mulunga with additional disciplinary charges for his alleged involvement in a N$53-million transaction between Namcor and military contractor Enercon.
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Nov 26, 2023 | 
namibian.com.na | Tileni Monghudhi
Minister of defence and veterans affairs Frans Kapofi and the secretary to the Cabinet, George Simataa, are among former SME Bank directors who paid back money as penalty after liquidators accused them of being reckless and giving Zimbabwean national Enock Kamushinda free rein to steal N$200 million from the bank. Liquidators wanted the directors to be slapped with a N$1-billion bill for allowing the widespread looting of the bank, but it seems all the directors negotiated settlement agreements.
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Nov 26, 2023 | 
namibian.com.na | Tileni Monghudhi
Former Development Bank of Namibia (DBN) chief executive Martin Inkumbi’s interest in an entity that manages money on behalf of the Government Institutions Pension Fund (GIPF) is being used by his rivals as a tool to derail his ambition to land the GIPF chief executive position. Inkumbi, considered a front-runner for the GIPF job, is a shareholder in Mumi Investment Manager, which manages money using civil servants’ GIPF pensions. His detractors have quietly complained that Inkumbi is conflicted.
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Nov 24, 2023 | 
ww2.namibian.com.na | Tileni Monghudhi |Shinovene Immanuel
MINISTER of defence and veterans affairs Frans Kapofi says he paid N$1 million to settle a court case with SME Bank’s liquidators to avoid a protracted legal dispute. This is what Kapofi told The Namibian on Thursday. “I paid N$1 million,” he said. Kapofi said he had consulted with his lawyers, who advised him the case could drag on for years and that the chances of it going to court in a year or two were slim.
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Nov 19, 2023 | 
namibian.com.na | Tileni Monghudhi
David Nuyoma’s appointment as the Capricorn Group chief executive officer (CEO) has sparked concerns due to his previous position as the Government Institutions Pension Fund (GIPF) boss, where he oversaw an investment of N$2 billion of pensioners’ money in the company he will now lead. The announcement has created a backdrop of scrutiny and questions about the intersection of his previous responsibilities at the GIPF and his upcoming leadership position.
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Nov 14, 2023 | 
ww2.namibian.com.na | Tileni Monghudhi
The National Petroleum Corporation of Namibia (Namcor) is charging suspended managing director Immanuel Mulunga with fraud involving N$123 million, breaching his employment contract, and allegedly leaking information to The Namibian. Mulunga is reportedly facing three charges, with two emanating from the controversial Sonangol deal in which Namcor paid US$6,7 million (N$123 million at the time) on behalf of third parties to buy into an oil well owned by the Angolan state-owned oil company.
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Nov 5, 2023 | 
namibian.com.na | Tileni Monghudhi
The Ministry of Agriculture, Water and Land Reform has directed deputy executive director Elijah Ngurare to stop controversial Chinese company Xinfeng Investment from drilling boreholes and sourcing water from state-owned resettlement farms. The directive was issued after Xinfeng, a Chinese lithium mining company, was accused of drilling three boreholes without the necessary government approval, to supply its Uis mining operations, without seeking the relevant government approval or permission.
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Oct 8, 2023 | 
namibian.com.na | Tileni Monghudhi
A syndicate of Namibians and Chinese nationals who are accused of defrauding Americans and Europeans were among a number of people arrested in Windhoek this week. Senior police officers yesterday confirmed to The Namibian that at least 88 Namibians, three Chinese nationals and other foreign nationals were arrested on Wednesday afternoon. The arrests were said to have started on Wednesday afternoon, followed by more in Klein Windhoek and Auasblick yesterday.
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Sep 26, 2023 | 
ww2.namibian.com.na | Tileni Monghudhi
Minister of finance and public enterprises Iipumbu Shiimi has questioned why the National Petroleum Corporation of Namibia (Namcor) accepted a monthly repayment of N$500 000 from a military-owned fuel supplier company that received N$60 million in taxpayers’ money. Shiimi wrote a letter three months ago demanding an explanation for transactions between Namcor and a military contractor called Enercon Namibia.
