The NAMCOR Board of Directors has appointed the Executive Upstream Development and Production, Mtundeni Ndafyaalako as Acting Managing Director effective from today after the conclusion of the ongoing recruitment process for a substantive Managing Director.
Managing Director of the National Petroleum Corporation of Namibia (NAMCOR), Maureen Hinda-Mbuende, acknowledged that skills gaps exist in the oil sector, citing them as not labour-intensive and often requiring more than one skill.
The National Petroleum Corporation of Namibia (NAMCOR) Managing Director, Maureen Hinda-Mbuende, said the bailout by the government this year resulted in more than N$300 million in savings.
This is after NAMCOR had been trading on negative margins, due to penalties and governance lapses.
Former Deputy Minister of Finance Maureen Hinda-Mbuende has been appointed as the Interim Managing Director of the National Petroleum Corporation of Namibia (NAMCOR).
She takes over from Victoria Sibeya, who has been serving as acting managing director since April this year.
Deputy Minister of Finance Maureen Hinda-Mbuende is seeking a payment of one million dollars from AR Activist and former Mayor of Windhoek, Dr. Job Amupanda, accusing him of defaming her character.
The Deputy Minister of Finance and Public Enterprises, Maureen Hinda-Mbuende, emphasised the crucial role of agriculture in ensuring food sustainability, not only in Africa but also globally.
Deputy Minister of Finance and Public Enterprises, Maureen Hinda-Mbuende, says the SADC integrated development agenda has been adversely affected by economic challenges, the recent global COVID-19 pandemic, and international geopolitics.
The Deputy Minister of Finance and Public Enterprises, Maureen Hinda-Mbuende, has called on Chief Executive Officers to ensure that Boards of Directors are accountable for funds wasted on unconstructive labour issues.
The Namibian government wants to implement new measures to provide relief to taxpayers through the introduction of an Income Tax Amendment Bill, tabled in the National Assembly this week.
The Deputy Minister of Finance, Maureen Hinda-Mbuende, has tabled amendments to three laws in the financial sector in the National Assembly.
These are the Value Added Tax, Stamp Duties, and the Income Tax.
