EQUITY participation by Namibians in Exclusive Prospecting Licences (EPLs) has largely been opportunistic, speculative and short term due to the absence of venture capital, respected geologist turned investment banker Steve Galloway says.In an interview this week, Galloway, who is also the Managing Director of Rand Merchant Bank (RMB) Namibia, gave his views on the state of mining, and oil and gas sectors in the country.
IN a fashion similar to the removal of the Managing Director (MD) of Air Namibia Theo Namases, the new board of TransNamib appears to have adopted the same strategies to oust MD Sara Naanda.Barely four months after resuming office, the new board has already started stripping the incumbent MD of certain powers, such as the signing rights to major contracts.
FURTHER investigations into the alleged loss of jobs by Namsov workers due to quota cuts have revealed that the company appears to have provided misleading information in order to depict a bogus crisis. Last week the company claimed that it had to lay off 120 workers from Trachurus Fishing, a subsidiary of Namsov Fishing, because of the way the Minister of Fisheries and Marine Resources Bernard Esau allocated horse mackerel quotas.
MINISTER of Fisheries and Marine Resources Bernard Esau has compared the tactics by Namsov to distribute a faceless newsletter attacking his ministry to a stunt pulled by the DTA to vilify Swapo leaders at Independence.In an interview on Wednesday, Esau expressed shock at the scathing attacks launched against him by some industry tycoons in a first-time publication titled Oshili Nashi Popiwe this week.