Also known as: Namcor acting managing director · Ndeunyama
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The Namibian
Shiwana Ndeunyema notified Enercon shareholder Victor Malima that service stations purchase agreement was being cancelled
“By September 2023, however, Namcor's then acting managing director, Shiwana Ndeunyema, notified Enercon shareholder Victor Malima that the service stations purchase agreement was being cancelled, and asked for the purchase price and N$7 million in interest to be paid back to Namcor, magistrate Linus Samunzala was informed during the bail hearing.”
Namcor fraud accused denies N$2.5m bribery allegationThe Namibian
Shiwana Ndeunyema presented three-phase turnaround strategy to finance ministry and Ministry of Mines and Energy
“The bailout comes after former acting managing director Shiwana Ndeunyema presented a three-phase turnaround strategy both to the finance ministry and the Ministry of Mines and Energy in November last year.”
Namcor gets N$1,3 billion Goverment bailoutThe Namibian
Shiwana Ndeunyema was replaced as NAMCOR acting managing director by Ebson Uanguta
“Uanguta replaces Shiwana Ndeunyema, who has been acting in the position since April last year.”
Uanguta to steady Namcor shipThe Namibian
Acting managing director Shiwana Ndeunyema confirmed transaction is part of wider investigation into Namcor operations
“Namcor's acting managing director, Shiwana Ndeunyema, last month confirmed that the transaction is part of a wider investigation into the operations of the company.”
Namcor splashes N$68m on ‘misfiring’ software systemThe Namibian
Shiwana Ndeunyema was acting in the position since April last year
“Uanguta replaces Shiwana Ndeunyema, who was acting in the position since April last year.”
Uanguta take up reins at Namcor for six monthsThe Namibian
Namcor acting managing director Shiwana Ndeunyema said the company is committed to taking extreme ownership and accountability to resolve debt issues
“Namcor acting managing director Shiwana Ndeunyema told The Namibian last week the company is acutely aware of the issues at hand and is committed to taking extreme ownership and accountability to resolve them.”
Namcor owes Namra N$350mThe Namibian
Acting managing director Shiwana Ndeunyema blamed the company's N$700 million loss on internal breach and market volatility
“National Petroleum Corporation of Namibia (Namcor) acting managing director Shiwana Ndeunyema has blamed the company's N$700 million financial loss on significant breach of internal controls, governance systems and market volatility.”
Namcor blames N$700m loss on internal breach, market instabilityThe Namibian
Shiwana Ndeunyema said the corporation did not have the internal control environment to respond to external shocks
“Namcor acting managing director Shiwana Ndeunyema on Thursday said the corporation did not have the internal control environment to respond to external shocks.”
N$700m in losses could have been averted – NamcorThe Namibian
Ndeunyema said the corporation did not have trade desk or hedging instrument in place
“Ndeunyema said the corporation did not have this in place.”
N$700m in losses could have been averted – NamcorThe Namibian
Shiwana Ndeunyema received Willemse's notice of resignation on 9 October.
“His notice of resignation was submitted on 9 October to Namcor's acting managing director Shiwana Ndeunyema.”
Mulunga’s right-hand man resigns from NamcorPolitical analysts say the government is overloaded with overlapping committees and advisers that duplicate work and delay service delivery. Critics argue the new Swapo think tank, comprising 37 appointed members, lacks independence and will produce little meaningful output, while a defending analyst says such bodies can help the party and government reassess decisions and plans.
20 January 2026 · The Namibian →
Political analysts say the government is overloaded with overlapping committees and advisers that duplicate work and delay service delivery. Critics argue the new Swapo think tank, comprising 37 appointed members, lacks independence and will produce little meaningful output, while a defending analyst says such bodies can help the party and government reassess decisions and plans.
20 January 2026 · The Namibian →