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Wednesday, 1 July 2026
Namibia’s news, on the hour · Est. 2026
Wednesday, 1 July 2026
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Namibian press · Organization

Hodago Fishing

Also known as: Hodago Fishing (Pty) Ltd

Hodago Fishing — fishing company partly owned by Swapo entities, facing multiple disputes over unpaid debts and fish delivery contracts.

2026-04-132026-07-01
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What’s been said

Key points drawn from coverage. Tap a point to see the original sentence.

  1. June 2026

  2. The Namibian

    Hodago Fishing rejected allegations of misappropriating funds

    Source

    “Hodago rejected allegations that it misappropriated any funds.”

    Daron defends role in N$40m DRC fishing scandal

  3. The Namibian

    Hodago Fishing allegedly misappropriated at least N$13.5 million from escrow account

    Source

    “The DRC fund says at least N$13.5 million was further misappropriated by Hodago.”

    DRC’s N$40m fishing deal lands Standard Bank in court

  4. Informanté

    Hodago Fishing is co-owned by SWAPO entities and Gendev Fishing and Kuiseb Fishing

    Source

    “Hodago Fishing is co-owned by SWAPO entities and Gendev Fishing (Pty) Ltd and Kuiseb Fishing, which both hold shares in the entity.”

    Court orders joinder of SWAPO shareholding companies in fishing dispute matter

  5. Windhoek Observer

    Hodago Fishing failed to repay N$18.4 million and N$17.6 million by 10 April

    Source

    “The bank later demanded repayment of N$18.4 million and N$17.6 million on 10 April this year, but the amounts remained unpaid, prompting legal action.”

    Hodago’s N$65 million vessel heads to auction

  6. Windhoek Observer

    Hodago Fishing has its flagship vessel put up for auction following unpaid debts and legal battles

    Source

    “A fishing company linked to the Swapo Party's business interests is facing mounting financial pressure after its flagship freezer trawler, Venus 1, was put up for auction following unpaid debts, wage disputes and a string of legal battles.”

    Hodago’s N$65 million vessel heads to auction

  7. The Namibian

    Hodago Fishing owed Gendev Fishing Resources about N$47 million in catching fees

    Source

    “The report further states that Hodago owed Gendev Fishing Resources about N$47 million in catching fees and that the company was insolvent, with liabilities exceeding assets.”

    DRC fishing deal was private – ministry
  8. May 2026

  9. The Namibian

    Hodago Fishing owes Standard Bank N$36 million

    Source

    “Hodago Fishing owes the bank N$36 million – N$18.4 million in respect of a loan agreement and N$17.6 million in respect of a facility agreement.”

    High Court orders auction of Hodago Fishing vessel

  10. New Era

    Hodago Fishing is yet to pay employees outstanding salaries

    Source

    “The company is yet to pay employees outstanding salaries.”

    Salary ghosts haunt embattled Hodago

  11. New Era

    Hodago Fishing is embroiled in a legal dispute over a multimillion-dollar horse mackerel deal

    Source

    “The salary delays come as Hodago is embroiled in a legal dispute over a multimillion-dollar horse mackerel deal.”

    Salary ghosts haunt embattled Hodago

  12. The Namibian

    Hodago Fishing allegedly failed to meet agreed delivery volumes under horse mackerel quota agreement

    Source

    “It is alleged that the company failed to meet agreed delivery volumes under a commercial arrangement involving the DRC-linked entity.”

    Swapo-linked firm hit by US$3m fish row
Business

Daron denies misappropriating N$40m from DRC fishing deal

The News

Daron Namibia has rejected allegations that it misappropriated funds from a N$40-million Democratic Republic of Congo fishing venture now in a High Court dispute involving Standard Bank Namibia and Hodago Fishing. Daron says its role was limited to operating and maintaining the fishing vessel, and that it did not receive or control the N$40 million.

Why it matters

Daron's denial of misappropriating N$40 million from DRC fishing venture addresses allegations in a disputed High Court case.

14 hours ago · The Namibian →

Yesterday

  1. Daron denies misappropriating N$40m from DRC fishing deal

    Daron Namibia has rejected allegations that it misappropriated funds from a N$40-million Democratic Republic of Congo fishing venture now in a High Court dispute involving Standard Bank Namibia and Hodago Fishing. Daron says its role was limited to operating and maintaining the fishing vessel, and that it did not receive or control the N$40 million.

    14 hours ago · The Namibian →

Wednesday 24 June

  1. DRC state fund sues Standard Bank over N$40m fishing deal

    The Democratic Republic of Congo's state social fund has taken Standard Bank Namibia to court over a N$40-million transaction involving a fishing company that is partly owned by Swapo, alleging that N$13 million was misappropriated from a protected account after the bank allowed unauthorized changes to account mandates and transfers without consent.

    24 June 2026 · The Namibian →

Tuesday 16 June

  1. Court orders joinder of SWAPO companies in fishing dispute

    A High Court judge has ordered the joinder of Kuiseb Fishing and two other respondents in a legal dispute between Delmare Group and Hodago Fishing, in which Delmare seeks to prevent Hodago from transacting in fish worth N$15 million that Delmare claims it paid for upfront. The dispute arises from a June 2025 Supply and Financing Agreement between Delmare and Hodago, co-owned by SWAPO entities and other fishing companies.

    16 June 2026 · Informanté →

Wednesday 10 June

  1. Hodago Fishing's N$65 million trawler heads to auction for unpaid debts

    Hodago Fishing, a company 45% owned by Gendev Fishing Resources (which has links to Swapo business interests), faces financial pressure as its flagship freezer trawler, Venus 1, is set for auction in Walvis Bay on 30 June following unpaid debts to Standard Bank Namibia of N$18.4 million and N$17.6 million.

    10 June 2026 · Windhoek Observer →

Thursday 4 June

  1. Fisheries ministry defends private DRC fishing quota deal

    Namibia's fisheries ministry says quota holders may enter private commercial agreements with third parties to use allocated quotas, a practice it characterizes as private business arrangements. The statement follows a disputed agreement between a DRC-linked entity and Namibian fishing companies over horse mackerel quota.

    4 June 2026 · The Namibian →

Monday 25 May

  1. High Court orders auction of Hodago Fishing's freezer trawler

    A Windhoek High Court judge has authorised the deputy sheriff to sell Hodago Fishing's vessel Venus 1 through public auction after the financially troubled company failed to repay Standard Bank Namibia N$36 million in loan and facility agreements. Gendev Fishing Resources, in which the Swapo-owned company Guinas Investments holds 96.5%, has 45% shareholding in Hodago Fishing.

    25 May 2026 · The Namibian →

  2. President orders forensic probe into Swapo fishing company

    President Netumbo Nandi-Ndaitwah has ordered a forensic investigation into Gendev Fishing Resources and its sister company amid allegations of missing millions, lack of transparency, and failure to deliver fish worth over N$49 million to clients.

    25 May 2026 · The Namibian →

Wednesday 20 May

  1. Hodago Fishing struggles with unpaid employee salaries amid financial crisis

    Hodago Fishing has yet to pay outstanding employee salaries and an internal memo indicates severe cash flow constraints. The company is simultaneously embroiled in legal disputes, including a High Court case brought by Zambian company Delmare Group Limited over a multimillion-dollar horse mackerel deal.

    20 May 2026 · New Era →

Sunday 17 May

  1. Swapo-linked fishing firm faces US$3m dispute with DRC entity

    Hodago Fishing, a joint venture partly linked to Swapo, faces a US$3 million legal dispute after allegedly breaching a horse mackerel quota agreement with a Democratic Republic of Congo entity. The DRC-linked party claims the company failed to meet agreed delivery volumes and has demanded either the release of 500 tonnes of fish or repayment of US$1.4 million.

    17 May 2026 · The Namibian →

Monday 13 April

  1. Foreign crew trapped on fishing vessel without pay in Walvis Bay

    Fifteen foreign crew members aboard the fishing vessel Venus 1, docked in Walvis Bay, have accused Hodago Fishing of withholding their salaries for five months and confiscating their passports; the company denies claims of hostage-taking but attributes the dispute to financial and operational challenges. The crew, comprising 13 Russian nationals, one Ukrainian, and one Estonian, claim they have received no wages since December despite successful fishing operations, and are appealing to the Russian embassy and Namibian authorities for intervention.

    13 April 2026 · New Era →

Hodago Fishing — Namibian press coverage · Namibia Minute