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AIR NAMIBIA: HOW THE AIRLINE GOT WHERE IT IS PART I (3) FAKE BREAK EVEN REPORT
In a bid to prove that the turnaround strategies were bearing fruits, Air Namibia hired a London-based firm to compile a report that claimed the airline was coming around. The report titled The Economic Impact of Air Namibia 2015/16, said Air Namibia contributed N$704 million to the economy and sustained more than 4 500 jobs. […]
AIR NAMIBIA: HOW THE AIRLINE GOT HERE PART 1(2) TURNAROUND STRATEGIES
In 2020, Air Namibia presented a new N$4.7 billion (US$303.8 million) business plan as a turn around strategy. Public enterprises minister Leon Jooste at the time said the plan was different from a previous version. The airline’s board further requested N$193 million (US$11.6 million) from the state to restart operations after Covid-19 had ravaged its […]
AIR NAMIBIA: HOW THE AIRLINE GOT HERE PART I
FACTS ABOUT AIR NAMIBIA • N$8,3 billion from 1999 to 2019 • Has a historic debt of N$1,3 billion • N$2 billion to liquidate Air Namibia • Owes Challenge Air N$253m • the airline needs N$8 billion to carry on as a going concern • Has never paid a dividend to the government for more […]
IPC TOP LEADER RESIGNS, WITHDRAWS RESIGNATION
The Independent Patriots for Change Deputy national general secretary to Christine /Aochamus Patrick Shiyemo Kashera who announced his resignation from the party last night has changed his mind. On the IPC structure, the office of the national general secretary is the third highest position coming after that of the national chairperson. He also contested for […]
Sisa’s account on what happened with and to the millions and the Swapo Party
In summary, Sisa Namandje says: he did not realize that the payment of N$2.5 million and N$15 million came from Fishcor and had anything to do with “Government Objectives that the N$5 million made by a private company Esja Mermaria had nothing to do with Fishcor or Government. He is not aware to this date […]
LAWYER MARCUS SAYS HE WAS NEVER A TRUSTEE IN TUNACOR
Lawyer Nixon Marcus whose name appears on a document together with names of trustees for Tunacor says he never been and is not a shareholder or beneficiary in the fishing company. Marcus’ name came up on the list discussed on Eagle FM on Monday 15 January 2021. A statement issued by Marcus’ partner, Uno Katjipuka, […]
The advantaged who got shares in Tunacor
President Hage Geingob’s three daughters; former president Hifikepunye Pohamba’s wife and their three daughters; and Vice President Nangolo Mbumba’s wife are among the advantaged Namibians who were given shares in Tunacor by the former fisheries minister Bernard Esau when the company was handed over to Namibians in 2014. Tunacor is also the company that bought […]
Breakdown of Money Paid from Sisa Namandje Trust Account to Vaino, Armas
Payments Made into Sisa Namandje Trust Account 1 December 2015 Standard Bank Trust Account received N$15m by EFT from Fishcor’s Bank Windhoek account 4 August 2017 paid N$2 500 000 28 August 2017, Mermaria Seafoods paid N$5 000 000 Total = N$22 500 000 People Named Sisa Namandje Vaino Nghipondoka Lazarus Shituula – Technical Manager – Profile […]
What will it take for De Klerk to be state witness?
Legal advisor, Nafimane Halweendo, has said fish rot accused Maren De Klerk must convince the state that his evidence is stronger than what they currently have, in order to be turned from being a suspect to a state witness. De Klerk must also be frank, honest and layout his evidence without any fear or favour […]
PDM pleads for end to Nafau-Shoprite stalemate
Popular Democratic Movement (PDM) Secretary-General Manuel Ngaringombe has called on the leadership of NAFAU and Shoprite management to work on a mutually beneficial agreement. NAFAU has taken on Shoprite over salaries and conditions of work with some demonstrations turning bloody in some regions. The police have had to be roped in. “The PDM notes with concern […]