OMAHEKE RESIDENTS STRUGGLE WITH RISING DEBT

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Unemployment, low wages, and socio-economic pressures are driving Omaheke residents into severe debt.

This emerged during a Parliamentary Standing Committee on Economics and Public Accounts hearing, where local stakeholders laid bare the region's financial crisis.

NAMCOR faces financial and governance crisis

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The National Petroleum Corporation of Namibia (NAMCOR) is currently facing a difficult financial and operational crisis, stemming from years of governance lapses, policy non-compliance, and systemic failures that have severely undermined the company's stability.