The Namibia Press Agency, (NAMPA), was established in 1991 as a national news agency responsible for the distribution of local, regional and international news.

RCC unpaid overdraft puts head office building at risk

RCC unpaid overdraft puts head office building at risk

Written by Anna Salkeus on 18 June 2018.

By Anna Salkeus
WINDHOEK, 18 JUN (NAMPA) – The Roads Contractor Company (RCC) has been given 30 days by Bank Windhoek to pay back an overdraft of N.dollars 80.2 million, or face auctioning off of its assets.
Failure to pay the money will result in the auctioning off of the State-owned enterprise’s properties attached to the overdraft, including its head office building in Windhoek’s Southern Industrial Area.
Public Relations Officer (PRO) of the Ministry of Works and Transport, Julius Ngweda confirmed to Na ...

Subscribe