Also known as: Hodago Fishing (Pty) Ltd
Hodago Fishing — fishing company partly owned by Swapo entities, facing financial difficulties and legal disputes over unpaid debts and contract breaches.
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New Era
Hodago Fishing owed outstanding salaries to at least 22 fishermen
“With no money to buy food, pay rent or support their families, at least 22 fishermen moved onto the Venus 1 in a desperate attempt to force their employer, Hodago Fishing, to pay their outstanding salaries.”
Occupy Venus 1: Unpaid fishermen move into vesselThe Namibian
Hodago Fishing rejected allegations of misappropriating funds
“Hodago rejected allegations that it misappropriated any funds.”
Daron defends role in N$40m DRC fishing scandalThe Namibian
Hodago Fishing allegedly misappropriated at least N$13.5 million from escrow account
“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 courtInformanté
Hodago Fishing is co-owned by SWAPO entities and Gendev Fishing and Kuiseb Fishing
“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 matterWindhoek Observer
Hodago Fishing failed to repay N$18.4 million and N$17.6 million by 10 April
“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 auctionWindhoek Observer
Hodago Fishing has its flagship vessel put up for auction following unpaid debts and legal battles
“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 auctionThe Namibian
Hodago Fishing owed Gendev Fishing Resources about N$47 million in catching fees
“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 – ministryThe Namibian
Hodago Fishing owes Standard Bank N$36 million
“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 vesselNew Era
Hodago Fishing is yet to pay employees outstanding salaries
“The company is yet to pay employees outstanding salaries.”
Salary ghosts haunt embattled HodagoNew Era
Hodago Fishing is embroiled in a legal dispute over a multimillion-dollar horse mackerel deal
“The salary delays come as Hodago is embroiled in a legal dispute over a multimillion-dollar horse mackerel deal.”
Salary ghosts haunt embattled HodagoAt least 22 fishermen employed by Hodago Fishing have moved onto the vessel Venus 1 in protest of unpaid salaries, saying they have exhausted other options after months without pay and failed attempts to contact company directors. The workers, some evicted from homes and facing bank debts, vow to remain on board until their outstanding salaries are paid.
25 September 2026 · New Era →
At least 22 fishermen employed by Hodago Fishing have moved onto the vessel Venus 1 in protest of unpaid salaries, saying they have exhausted other options after months without pay and failed attempts to contact company directors. The workers, some evicted from homes and facing bank debts, vow to remain on board until their outstanding salaries are paid.
25 September 2026 · New Era →
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.
30 June 2026 · The Namibian →
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 →
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 →
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 →
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 →
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 →
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 →
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 →
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 →
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 →