03
Jul
Staff Writer The Ministry of Mines and Energy has temporarily suspended the issuing of fuel retail site and wholesale licenses citing an oversupply of service stations in the country. According to the ministry, the six month moratorium has been placed on new applications as it reviews existing procedures and requirements. “There has been a proliferation of licenses, especially retail, being issued without proper economic viability being carried out. We thus need time to institute more effective licensing procedures,” Mines minister Tom Alweendo told the Windhoek Observer. Namibian Oil Industry Association Secretariat Chief Executive Officer, Harald Schmidt said the ministry’s decision…