Africa Links 24 with Timo Shihepo
Published on 2024-07-23 17:00:00
The National Petroleum Corporation of Namibia (Namcor) has enforced legal action to shut down two military fuel suppliers to recover debt of over N$380 million.
The state-owned enterprise filed High Court liquidation applications in April this year against two companies – Erongo Petroleum CC and Enercon Namibia.
Erongo Petroleum owes Namcor N$266 million, while Enercon’s debt stands at over N$114 million.
Erongo Petroleum CC is owned by businessman Austin Elindi, who is also a…
Read the Full article on The Namibian
