Namibia Minute.
Friday, 24 April 2026
A daily Namibian brief · Est. 2026
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Organization

NAMCOR

Also known as: National Petroleum Corporation (Namcor) · National Petroleum Corporation · The National Petroleum Corporation of Namibia · the corporation · the Namcor terminal · National Petroleum Corporation of Namibia (Namcor) · Namcor matter · Namcor corruption case · Namibia Petroleum Corporation of Namibia · National Oil Company

Namibia's state-owned petroleum corporation, central to fuel supply and oil and gas sector development, currently led by interim managing director Mtundeni Ndafyaalako.

Mining & Energy

Namibia's oil and gas sector advances toward development phase

The News

Namibia's oil and gas industry has shifted from early-stage exploration toward appraisal and development planning, with major international operators like Shell, TotalEnergies, and Galp positioning the country as an emerging regional energy hub. The sector is projected to contribute up to 5.8% to GDP annually during production, with first oil and gas expected between 2029 and 2030, provided governance and local content policies are strengthened.

18 April 2026 · Informanté →

Saturday 18 April

  1. Namibia's oil and gas sector advances toward development phase

    Namibia's oil and gas industry has shifted from early-stage exploration toward appraisal and development planning, with major international operators like Shell, TotalEnergies, and Galp positioning the country as an emerging regional energy hub. The sector is projected to contribute up to 5.8% to GDP annually during production, with first oil and gas expected between 2029 and 2030, provided governance and local content policies are strengthened.

    18 April 2026 · Informanté →

Friday 17 April

  1. Legal expert explains differing bail outcomes in Namcor, Fishrot cases

    According to legal researcher Brian Ngutjinazo, the contrasting bail decisions in the Namcor and Fishrot corruption cases reflect consistent application of Namibia's Criminal Procedure Act rather than inconsistency. In Namcor, courts found insufficient grounds for detention, while in Fishrot, evidence of alleged witness interference and the scale of organized corruption justified continued detention under the law's test of whether the interests of justice permit release.

    17 April 2026 · New Era →

Thursday 16 April

  1. Azule Energy plans 2027 investment decision in Namibia

    Azule Energy, operator of PEL 85, targets a final investment decision by late 2027 and will establish an office in Namibia, with Giovanni Aquilina appointed as managing director for the country.

    16 April 2026 · The Namibian →

Monday 30 March

  1. High Court overturns bail refusal in Namcor fraud case

    Windhoek High Court judges found that a magistrate misdirected himself in refusing bail to six individuals accused in a purported N$400 million fraud at Namcor, citing selective assessment of evidence and failure to consider individualised circumstances and mitigating bail conditions. The six appellants—Peter and Malakia Elindi, Immanuel Mulunga, Olivia Dunaiski, Leo Nandago, and Jennifer Hamukwaya—were granted bail ranging from N$20,000 to N$50,000, subject to travel restrictions and regular reporting requirements.

    30 March 2026 · New Era →

  2. Minister confirms adequate fuel stocks despite Middle East tensions

    Minister Modestus Amutse briefed the media that Namibia's fuel supply remains stable with adequate stocks to meet demand for one to two months, and that the main risk from global geopolitical tensions is price-related rather than supply-related. The government has reduced fuel levies by 50% and the National Energy Fund will absorb under-recoveries of approximately N$500 million monthly for at least three months to protect consumers from price volatility.

    30 March 2026 · The Namibian →

Friday 27 March

  1. High Court grants bail to six in Namcor corruption case

    A High Court appeals panel has granted bail to six accused persons in the Namcor fraud and corruption case, including former Namcor executives Jennifer Hamukwaya and Immanuel Mulunga, after they appealed against a Magistrate's Court refusal. Bail amounts range from N$20,000 to N$50,000, with conditions requiring reporting to the Anti-Corruption Commission twice weekly, surrendering travel documents, and not interfering with investigations.

    27 March 2026 · Informanté →

Monday 23 March

  1. President urges Namibians to embrace progress amid persistent challenges

    President Netumbo Nandi-Ndaitwah delivered an Independence Day address highlighting 36 years of democratic progress, infrastructure development, and education advancement while calling for collective action to address poverty, inequality, unemployment, corruption, and tribalism. She warned of external risks including global tensions and climate change, and committed government to achieving Vision 2030 goals through investment in youth development, subsidised tertiary education, and infrastructure.

    23 March 2026 · New Era →

Friday 20 March

  1. Namibia maintains three-month strategic fuel stock amid global market tensions

    With crude oil prices exceeding US$100 per barrel due to Middle East tensions, Namibia faces fresh fuel security concerns despite recent offshore discoveries years from production. The National Oil Storage Facility holds 75 million litres of strategic reserves (representing three months of supply) and works with the National Energy Fund to buffer price shocks, though domestic taxes and levies also drive consumer prices.

    20 March 2026 · New Era →

Friday 6 March

  1. Namcor board appoints new MD despite minister's opposition

    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.

    6 March 2026 · The Namibian →

Monday 2 March

  1. Iran tensions threaten Namibia's fuel imports and economy

    Military escalation between the US, Israel and Iran threatens global oil supplies and raises risks for fuel-importing Namibia, particularly if conflict disrupts the Strait of Hormuz. Analysts urge Namibia to build strategic fuel reserves, diversify suppliers beyond the Gulf region and accelerate renewable energy investment to cushion against price shocks.

    2 March 2026 · New Era →

Namibia Minute