BAIL RULING DAY ... Eight of the accused in the National Petroleum Corporation of Namibia (Namcor) fraud and corruption case are appearing in the Windhoek Magistrate's Court on Friday for the delivery of a ruling on the bail application of six of the accused. Former Namcor managing director Imms Mulunga, former Namcor employees Jennifer Hamukwaya and Olivia Dunaiski, businessmen Peter and Malakia Elindi, and Leo Nandago have applied to be granted bail, following their arrests in July. Video: Mit

13 reactions | OIL READINESS … National Petroleum Corporation of Namibia (Namcor) maintenance manager Gerhard Myburgh on Monday shared his company’s input at the municipality of Walvis Bay’s Local Economic Development (LED) strategy 2023-2028 stakeholders' engagement meeting. The plan aims at ensuring the town is recognised in the global investment market. Myburgh spoke on ensuring Walvis Bay's preparedness for the oil and gas industry. Video: Taati Niilenge | The Namibian | Facebook

The National Petroleum Corporation of Namibia (NAMCOR), is confident that oil will be discovered in Namibia soon. NAMCOR Managing Director, Immanuel Mulunga says the future for Namibia looks good in the oil and gas industry. Mulunga is part of a Namibian delegation, attending the Africa Energy Week, happening in Cape Town, South Africa. He addressed a session on Increasing Production and Investment in the Energy Transition World. He also told the gathering that stakeholders in the oil industry s

Stop the bleeding… The National Petroleum Corporation of Namibia (Namcor) this morning said it has embarked on a turnaround strategy to improve the corporation’s finances and eventually increase its sustainability. Hosting the media for a briefing, acting managing director Shiwana Ndeunyema said Namcor generates around N$7 billion in annual revenue, and it aims to wean itself off government bailouts and the fuel levy it currently receives. Video: Edgar Brandt | New Era Newspaper

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10% MAINTAINED … National Petroleum Corporation of Namibia executive for upstream exploration Victoria Sibeya on Thursday said given the accompanying risk, the company will settle for its 10% stake in the country’s oil blocks. Namcor owns this stake, with exploration companies owning the majority of shares. Sibeya, along with her fellow executives and board chairperson Jennifer Comalie were addressing the media, following questions raised on the corporation’s sustainability. Video: Shelleygan Pe