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Legal July 24, 2020 10:29 AM
Former Namibian fisheries minister sees bail appeal denied

The judge said it was highly unlikely Esau was unaware of the direct benefit his son-in-law received from the allocation of quotas to firms now embroiled in the Fishrot scandal

Legal July 23, 2020 10:12 AM
Namibian court finds Fishrot firms transferred $6m via investment funds

Documents submitted by the ACC show a flow of close to NAD 200m passing through two companies co-owned by South African lawyer Maren De Klerk

Vessels July 22, 2020 10:16 AM
Samherji dismisses watchdog allegations as ‘standard practice made suspicious’

The company pointed to the NAD 400m in taxes it paid to Namibian authorities, noting that using subsidiaries to spread legal, tax and operational risk is standard practice

Vessels July 21, 2020 9:33 AM
Namibian authorities probe alleged Samherji tax avoidance payments

In an affidavit sent to the Nambian Anti-Corruption Commission, Fishrot whistleblower Stefansson claimed the firm had shifted revenues to group companies to reduce taxes paid in the country

Jack mackerel July 9, 2020 4:42 PM
Samherji-linked firm paid $2m to arrested Namibian minister’s son-in-law, court finds

Tamson Hatuikulipi, himself in police custody as a result of the ongoing Fishrot scandal, allegedly received nearly NAD 30m from Samherji subsidiary Esja Fishing

Processing June 26, 2020 10:09 AM
Namibia’s Seaflower blames mass worker lay-off on quota cuts

The Namibian pelagic processor, a joint venture of Fishcor and African Selection Fishing, laid off 600 workers on June 24

Legal June 23, 2020 10:19 AM
Namibia’s Fishcor sees latest CEO removed from post

Paulus Ngalangi reportedly transported an alleged South African fugitive into Namibia, who later tested positive for COVID-19

Companies June 18, 2020 10:11 AM
Up to 20 Namibian hake firms face significant quota cuts

Reserve hake quotas had been scheduled for allocation earlier this year, but these were ultimately never issued

Africa May 29, 2020 10:23 AM
Former Investec client director claims innocence in Namibian Fishrot scandal

Ricardo Gustavo received NAD 11m Namgomar Pesca, the company allegedly used to funnel profits from quota donated to Angola back to former Namibian ministers

Coronavirus May 14, 2020 10:18 AM
Strong salmon, pelagic sales offset by weak fishmeal trade in Austevoll’s Q1

By Dan Gibson

Group revenue and earnings have risen marginally during Q1 2020, although the weak Peruvian pelagic season has seen a significant dip in sales of fishmeal and fish oil

(488 results)

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