Namcor’s N$53m claim against Enercon, back in court

October 29, 2026

High Court Justice Shafimana Ueitele has ordered the liquidator of Enercon Namibia to appear before the court today. The directive was issued during proceedings involving Namcor and Enercon. The company seeks to have its asset purchase agreement with Enercon declared null and void and seeks payment of N$53 million. Ueitele ordered liquidator AP van Straten to appear today to provide a formal update regarding Enercon’s liquidation status. The background to Enercon’s massive liabilities, which total hundreds of millions of Namibian dollars, stems from a mixture of non-payment for state fuel supplies, defaulted institutional development loans, severe tax arrears, and operational collapse following the loss of major government contracts.

The post Namcor’s N$53m claim against Enercon, back in court appeared first on Future Media News.

Written by: Madeline

Motion court: Banks claim N$28.7m in debt

High Court judges Boas Usiku and Gladys Pickering presided over the motion court sessions this morning with 66 applications for default judgments, of which two were on the rule 108 roll to be heard on Tuesday by Judge James Devittie. Commercial banks brought 33 applications and are claiming back ten […]

October 30, 2026

News

Consumer Confidence Index dips below 50

Consumer inflation reached 5.4 percent in September, while fuel prices rose 30 percent year-on-year. The Simonis Storm Consumer Confidence Index fell to a record low of 42.2 in the fourth quarter. The firm forecasts 2 percent economic growth this year and expects inflation to peak at 6.2 percent in March […]

October 30, 2026