Also known as: NPCN · NAMCOR Exploration and Production · NAMCOR E&P
State-owned petroleum entity at center of major fraud and corruption case involving executives, businessmen, and N$400 million in alleged losses.
Fourteen individuals and six corporate entities pleaded not guilty to 75 fraud and corruption charges in the Windhoek Magistrate's Court, with allegations including a N$53.2 million filling station transaction and N$331 million in unpaid fuel supplied to three entities. The case was postponed to 28 October pending a prosecutor general decision.
22 April 2026 · The Namibian →
Fourteen individuals and six corporate entities pleaded not guilty to 75 fraud and corruption charges in the Windhoek Magistrate's Court, with allegations including a N$53.2 million filling station transaction and N$331 million in unpaid fuel supplied to three entities. The case was postponed to 28 October pending a prosecutor general decision.
22 April 2026 · The Namibian →
Twenty accused persons including former Namcor executives and businessmen appeared in Windhoek Magistrate's Court and pleaded not guilty to fraud, corruption, and money laundering charges ranging from one to 75 counts. The matter was postponed to 28 October 2026 pending the Prosecutor General's decision on whether to proceed to trial; the accused were arrested in July 2025 following allegations they defrauded Namcor of over N$400 million.
21 April 2026 · Informanté →
IPC president Panduleni Itula called on President Nandi-Ndaitwah to publicly explain why former deputy prime minister and industries minister Natangwe Ithete was dismissed last year, citing concerns about government transparency and corruption despite the president's constitutional authority to dismiss officials without explanation.
14 April 2026 · The Namibian →
Austin Elindi, director of fuel companies alleged to have defrauded the National Petroleum Corporation of Namibia (Namcor) of millions of namibian dollars, was granted bail in the Windhoek Magistrate's Court after spending more than eight months in custody. He is the last of 14 accused persons in the case to be released on bail and faces charges including fraud, corruption, and money laundering related to fuel sales and unpaid credits.
12 April 2026 · The Namibian →
Businessman Austin Elindi, accused in a National Petroleum Corporation corruption case involving bribes and fraudulent fuel deliveries, was granted bail of N$50,000 in Windhoek Magistrate's Court on Thursday, after nearly nine months in custody since his July 2025 arrest by the Anti-Corruption Commission. Elindi must report to the ACC office twice weekly, surrender travel documents, and remain in the Windhoek district pending his next court appearance on 21 April.
10 April 2026 · The Namibian →
Petrovena Energy has been issued an award letter to enter into a petroleum agreement and be granted a licence for oil block 2812Ab in the Orange Basin, according to its Canadian partner Oregen Energy. If granted, Petrovena will expand its presence in the basin near existing discoveries of Venus and Mopane, while Oregen considers investing in Petrovena to gain access to the block.
10 April 2026 · The Namibian →
Civil society organisations have accused the government of lack of transparency on oil and gas information access, with various agencies declining to provide petroleum licence details and citing organisational restructuring. Multiple officials and institutions have refused to respond to inquiries, prompting warnings that withholding critical sector information undermines public trust and the right to know.
8 April 2026 · The Namibian →
Motorists queued at service stations across Namibia yesterday to fill up before fuel prices rise by N$2.50 per litre for petrol and N$4 per litre for diesel on 1 April, prompting panic buying, hoarding, and complaints that wholesalers are withholding contracted supplies to profit from higher prices. The government says sufficient stocks exist and has reduced levies by 50%, but restrictions on bulk purchases by retailers like Agra are disrupting farming operations.
2 April 2026 · The Namibian →
The Namibian government has begun reviewing a field development plan from TotalEnergies for the Venus oil project, a key step toward formal negotiations and investment approval. The project is projected to generate between N$127 billion and N$229 billion in government revenue over 25 years, potentially accounting for 7.9% to 14.2% of total government income.
1 April 2026 · The Namibian →
The High Court upheld appeals by six accused in the Namcor fraud and corruption case, granting them bail with restrictions on travel and movement. Judge Philanda Christiaan cautioned that courts should avoid informal labels like "Fuelrot" in discussing criminal cases, as such terminology can imply prejudgement and undermine public trust in judicial impartiality.
31 March 2026 · The Namibian →