Surge in corruption cases

ACC Erongo branch reports increase of cases registered

The Anti-Corruption Commission's Erongo office noted an increase of thirteen corruption cases registered since last year. Sinceitsinceptionin2012,theofficehad315registeredcaseslast year, 74 Active and 10 Prosecutor General's Decision Pending Cases. Last week duringACC's 9thAnnual Media Briefing, the officerevealedthecasesnowstandat328of which82areactive casesand11arependingPGDecision.

The Erongo ACC office has three investigating officers, plus one vacant position for an investigating officer and one Police Officer seconded, assistinginvariousduties.

The office has registered328casesonthe Case Management System since 2012.

Currentlytheofficehas 82activecases(matters not finalised, either in court, PG further instructions and/or ongoing investigations)

Eleven cases from the Erongo Office are pending Prosecutor General's Decision, one case was returned last week to arraign (summons to be issued). Two cases are at the Prosecutor General, pending instruction for further investigations and 19 casesareincourt.

Listed are some of the casescurrentlyincourt with the Chief Investigating Officer for ACC,WillemOliver:

A C C - H Q O - 0 7000159(SWK-CRM-

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NAMCOR Responds to Sungara Transaction Reports

TheNationalPetroleumCorporationofNamibia(NAMCOR)has respondedtorecentmediacoverageregardingtheacquisitionofa working interest in Block 15/06, known as the Sungara Transaction. To address concerns raised by the public and media, NAMCOR has released a statement to ensure transparency and provideaccurateinformation.

Recognising the public's ongoing interest in the matter, NAMCOR acknowledges the importance of sharing precise details to maintain transparency The corporation assures the public that all parties involved are fully committed and working together to bring this significant transaction to a close.

NAMCOR expects the completion oftheTransactiontooccurin2023. Considering the commercially sensitivenatureoftransactionslikethis,

NAMCORappealstothemediaand the Namibian nation at large to exercise patience and understanding. Given the circumstances, NAMCOR is currently unable to disclose further details or provide additional information regarding theTransaction.

NAMCOR emphasises its commitment to upholding the highest standards of corporate governance and adhering to all legal and regulatoryrequirements.

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Investment Roadshow in Paris

Boosts African Energy Sector, Namibia's Potential Shines