Namibia Competition Commission (NaCC)

24 Mar

Namcor in N$600 million fuel fix

ObserverObserver MoneyNAMCOR, Namibia Competition Commission (NaCC), National Petroleum Corporation of Namibia (Namcor)

Kandjemuni Kamuiiri The National Petroleum Corporation of Namibia (Namcor) is in fix after importing fuel worth N$600 million despite its service stations only able to consume eight percent of the order. Namcor imported 20 million litres of ULP (unleaded petrol) of which 3.6 million litres still remain, 37 million litres of ADO (diesel) of which 17 million litres still remain, and nine million litres of lower sulphur fuel oil (LSFO) of which four million litres are still remaining. The large volume of the import, brought in the country as part of the commissioning of the National Oil Storage Facility, has…

21 Aug

Asset manager courts GIPF for Ohorongo buy . . . as IDC plans exit

ObserverObserver MoneyGovernment Institutions Pension Fund (GIPF), NaCC, Namibia Competition Commission (NaCC), Ohorongo Cement, Schwenk Namibia (Pty) Ltd

Staff Writer The Government Institutions Pension Fund (GIPF) has received an unsolicited proposal from one its asset managers seeking financial backing for its plans to acquire Schwenk Namibia (Pty) Ltd, the company which owns and operates the Ohorongo Cement factory. The cement company is now back on the market after the Namibia Competition Commission (NaCC) this month blocked West China Cement Limited from acquiring the business for N$1.5 billion citing the proposed acquisition could be uncompetitive since West China Cement Limited is a majority shareholder in Cheetah Cement, a move which could enable possible collusion and price fixing to the…