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June 2026
Windhoek Observer
Former acting Namcor managing director Maureen Hinda-Mbuendewarnedthat the government's decision to grant Vitol an exclusive three-month fuel supply arrangement could have far-reaching implications for the country's energy security
Source
“The debate over Namcor's leadership and strategic role has also been amplified by former acting Namcor managing director Maureen Hinda-Mbuende, who warned that the government's decision to grant Vitol an exclusive three-month fuel supply arrangement could have far-reaching implications for the country's energy security.”
Maureen Hinda-Mbuenderaised concerns thatthe Vitol deal sidelined the state oil company
Source
“Namcor's statement on Friday follows concerns raised by parliamentarians and the former acting managing director of Namcor, Maureen Hinda-Mbuende, who say the Vitol deal sidelined the state oil company.”
Maureen Hinda-Mbuendecriticisedthe government's decision to award Vitol a N$7.2 billion fuel supply deal
Source
“Former Namcor acting managing director Maureen Hinda-Mbuende has criticised the government's decision to award international oil trader Vitol through its subsidiary Vitol Bahrain E.C a N$7.2 billion deal to supply Namibia with fuel for three months.”
Hinda-Mbuendesaidshe still has a three-month contract and the matter is with the minister
Source
“Hinda-Mbuende yesterday said she still has a three-month contract with the company, and that the matter is with the minister, who is yet to pronounce himself.”
Maureen Hinda-Mbuendeserved asInterim Managing Director for six months
Source
“The new appointment brings to a close the tenure of Maureen Hinda-Mbuende as Interim Managing Director, effective 28 February 2026, following six months of service at the Corporation.”
Maureen Hinda-Mbuendeconcluded tenure asinterim managing director on 28 February 2026 after six months
Source
“Ndafyaalako's appointment comes at the conclusion of Maureen Hinda-Mbuende's tenure 28 February 2026 as interim managing director, after six months of service at the corporation.”
Maureen Hinda-Mbuendeconcluded tenure asinterim managing director after six months
Source
“Ndafyaalako's appointment follows the conclusion of former deputy finance minister Maureen Hinda-Mbuende's tenure as interim managing director, which ended on Saturday.”
Maureen Hinda-Mbuendeconcluded tenure asinterim head on 28 February 2026, after six months of service
Source
“Ndafyaalako's appointment comes at the conclusion of Maureen Hinda-Mbuende's tenure on 28 February 2026 as interim head, after six months of service at the corporation.”
Maureen Hinda-Mbuendetook office as interim MDabout five months ago
Source
“Reflecting on the work done so far since taking office about five months ago, Hinda-Mbuende oozed with confidence, reassuring that the once-troubled Namcor ship is slowly but surely approaching steady waters and is well on its way to reliving its intended mandate.”
Maureen Hinda-MbuendehailedUazuva Kaumbi as a champion for restorative justice
Source
“Deputy minister of finance and public enterprises Maureen Hinda-Mbuende has hailed the late Swapo think tank member Uazuva Kaumbi as a champion for restorative justice, whose stance on fairness and equity is unparalleled.”
The government awarded a three-month fuel supply arrangement worth an estimated N$7.2 billion to international energy trader Vitol, intensifying scrutiny of governance at state-owned oil company Namcor, which lacks a substantive managing director. Critics claim Namcor submitted a cheaper proposal, raising questions about confidence in the company's operational capacity, though Namcor's board chairperson denied operating in a leadership vacuum.
The government awarded a three-month fuel supply arrangement worth an estimated N$7.2 billion to international energy trader Vitol, intensifying scrutiny of governance at state-owned oil company Namcor, which lacks a substantive managing director. Critics claim Namcor submitted a cheaper proposal, raising questions about confidence in the company's operational capacity, though Namcor's board chairperson denied operating in a leadership vacuum.
Namcor says awarding Vitol a three-month fuel supply contract is "commercially beneficial" and aligned with national objectives, following concerns from parliamentarians and a former managing director that the deal sidelined the state oil company. Namcor cited working capital limitations and previous financial weaknesses requiring N$1.2 billion in government support in April 2024, and additional N$401 million in July and August 2025.
The government faced criticism in the National Assembly for awarding Vitol Bahrain a N$7.2-billion emergency fuel contract while bypassing Namcor. Opposition and former officials raised concerns that the arrangement could jeopardise fuel security and undermine the downstream fuel sector's competitiveness, while the prime minister said Cabinet discussions on the matter are ongoing.
Former Namcor acting managing director Maureen Hinda-Mbuende has criticised the government's award of a N$7.2 billion three-month fuel supply contract to Vitol, saying the deal is "counter-productive and monopolistic" and will damage the downstream fuel sector's long-term competitiveness. Hinda-Mbuende claims Namcor offered a cheaper deal and that Vitol's ownership of Shell and Engen service stations creates conflicts of interest that could harm competitors.
Namcor's board has appointed Mtundeni Ndafyaalako as interim managing director, replacing Maureen Hinda-Mbuende, reportedly without approval from the Mines Minister Modestus Amutse, who says he will meet with the board to understand the decision and address Hinda-Mbuende's grievances.
The National Petroleum Corporation of Namibia (NAMCOR) has announced that Mtundeni Ndafyaalako, Executive Upstream Development & Production, will serve as Acting Managing Director effective 1 March 2026, pending completion of a recruitment process for a permanent managing director. Ndafyaalako, who joined NAMCOR in 2018 as a geoscientist and brings nearly two decades of oil and gas sector experience, replaces interim MD Maureen Hinda-Mbuende, whose six-month tenure ends 28 February 2026.
Mtundeni Ndafyaalako, Namcor's Upstream Development and Production executive, has been appointed acting managing director effective 1 March 2026, pending completion of recruitment for a substantive MD. He replaces interim MD Maureen Hinda-Mbuende and brings nearly two decades of oil and gas sector experience.
The National Petroleum Corporation has appointed Mtundeni Ndafyaalako as interim managing director effective 1 March, following the conclusion of former deputy finance minister Maureen Hinda-Mbuende's six-month tenure. Ndafyaalako, who joined Namcor in 2018 and currently serves as executive for upstream development and production, brings nearly two decades of oil and gas sector experience.
Namcor has appointed Mtundeni Ndafyaalako, its upstream development and production executive, as acting managing director effective 1 March 2026, pending completion of the recruitment process for a permanent MD. Ndafyaalako succeeds Maureen Hinda-Mbuende, who served as interim head for six months.
Interim managing director Maureen Hinda-Mbuende says Namcor is recovering from reputational damage caused by alleged embezzlement of millions, including a N$53 million transaction with military contractor Enercon. She reports progress on governance reforms, employee morale, and financial stabilization through government bailouts and strategic restructuring.