Man loses u2018N$3m investmentu2019 in repossessed EPL
Man loses u2018N$3m investmentu2019 in repossessed EPL

Man loses ‘N$3m investment’ in repossessed EPL

Cindy Van Wyk
OGONE TLHAGE



WINDHOEK

Local businessman David Shikwambi has accused mines minister Tom Alweendo of theft and victimisation after his exclusive exploration licence (EPL) was not renewed upon expiry.

This follows a change in policy that has allowed the ministry of mines not to issue any new exploration permits until later this month. Prior to this, EPLs that were deemed to not have been developed by their allocated owners could be taken back by government when their allocation period lapsed.

There is currently a moratorium on mining rights applications, which was instituted last November and remains in place until 17 August.

Government was advised to auction off mining licences by the High-Level Panel on the Namibian Economy, led by Bank of Namibia governor Johannes !Gawaxab.

Shikwambi said he had spent time and money developing his EPL but felt hard-done by a decision to have the licence taken away from him.

The ministry informed Shikwambi on 9 June that it would not renew his licences for EPLs 4404 and 4405.

“He is claiming that work was not done regarding these two EPLs, which is a blatant lie. Because of this, he has decided not to renew my EPLs 4404 and 4405 which is meant for my company, Gazania Investments Four Hundred and Twenty-Three. The minister is busy with his tricks again, using his modus operandi to syphon my 12 EPLs from me again,” Shikwambi claimed.

Cheated, victimised, intimidated

“I feel cheated, victimised and intimidated by the minister of mines, Mr Tom Alweendo. This minister, who is an elite of corrupted ministers in the government of Namibia, clandestinely is trying to psychologically hypnotise me and silence me by again trying his own modus operandi to rob me of my well-deserved EPL,” he added.

Shikwambi claimed that he had invested over N$3 million in his EPLs. which he said he risked losing.

“I have nothing to fear, I have proof of what I am stating. I spent plus minus N$3 million to develop my EPLs, now he wants to take it away from me clandestinely,” he said.

Not responsible

Alweendo denied the allegations, saying he was not even responsible for allocating EPLs in his ministry.

According to the minister, the EPLs had not been developed for a lengthy period of time, prompting the ministry to take them away from Shikwambi. The ministry was seized with the matter, he added.

The ministry of mines last year introduced a bidding process for fishing and mineral rights in an effort to promote transparency.

“The introduction of a transparent bidding process for allocation of fishing rights and quotas and mineral licencing will require amendment of the Marine Resources Act and the Minerals Act to review the role of existing decision-making mechanisms on the matters and to effect consequential amendments, if any, to the Public Procurement Act,” a note read.

Once finalised, mining licences could be auctioned, as was the case with the country’s fishing resources last September.

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Namibian Sun 2024-09-09

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Currie Cup: Hollywoodbets Sharks XV 24 vs 18 Vodacom Bulls | Airlink Pumas 14 vs 41 Toyota Cheetahs XV | Fidelity ADT Lions 62 vs 5 NovaVit Griffons | Suzuki Griquas 37 vs 29 DHL Western Province Rugby Championship: Argentina 67 vs 27 Australia | Springboks 18 vs 12 New Zealand Katima Mulilo: 19° | 37° Rundu: 18° | 38° Eenhana: 16° | 38° Oshakati: 17° | 35° Ruacana: 17° | 35° Tsumeb: 20° | 33° Otjiwarongo: 14° | 33° Omaruru: 14° | 32° Windhoek: 13° | 29° Gobabis: 12° | 33° Henties Bay: 10° | 17° Wind speed: 17km/h, Wind direction: S, Low tide: 08:01, High tide: 02:07, Low Tide: 20:29, High tide: 14:26 Swakopmund: 11° | 13° Wind speed: 15km/h, Wind direction: W, Low tide: 07:59, High tide: 02:05, Low Tide: 20:27, High tide: 14:24 Walvis Bay: 9° | 17° Wind speed: 18km/h, Wind direction: SW, Low tide: 07:59, High tide: 02:04, Low Tide: 20:27, High tide: 14:23 Rehoboth: 12° | 31° Mariental: 11° | 33° Keetmanshoop: 11° | 29° Aranos: 12° | 35° Lüderitz: 11° | 20° Ariamsvlei: 8° | 28° Oranjemund: 12° | 26° Luanda: 20° | 22° Gaborone: 13° | 24° Lubumbashi: 18° | 34° Mbabane: 9° | 11° Maseru: 5° | 23° Antananarivo: 13° | 30° Lilongwe: 22° | 31° Maputo: 16° | 21° Windhoek: 13° | 29° Cape Town: 9° | 19° Durban: 13° | 19° Johannesburg: 11° | 21° Dar es Salaam: 23° | 29° Lusaka: 21° | 32° Harare: 15° | 29° Currency: GBP to NAD 23.3 | EUR to NAD 19.71 | CNY to NAD 2.51 | USD to NAD 17.86 | DZD to NAD 0.13 | AOA to NAD 0.02 | BWP to NAD 1.29 | EGP to NAD 0.36 | KES to NAD 0.14 | NGN to NAD 0.01 | ZMW to NAD 0.67 | ZWL to NAD 0.04 | BRL to NAD 3.19 | RUB to NAD 0.2 | INR to NAD 0.21 | USD to DZD 131.9 | USD to AOA 925.9 | USD to BWP 13.35 | USD to EGP 48.3 | USD to KES 128.23 | USD to NGN 1628.65 | USD to ZAR 17.86 | USD to ZMW 26.3 | USD to ZWL 321 | Stock Exchange: JSE All Share Index Same 0 | Namibian Stock Exchange (NSX) Overall Index 1771.57 Up +0.06% | Casablanca Stock Exchange (CSE) MASI 13981.68 Up +0.51% | Egyptian Exchange (EGX) 30 Index 30374.96 Up +0.33% | Botswana Stock Exchange (BSE) DCI 9625.57 Same 0 | NSX: MTC 7.75 SAME | Anirep 8.99 SAME | Capricorn Investment group 17.34 SAME | FirstRand Namibia Ltd 49 DOWN 0.50% | Letshego Holdings (Namibia) Ltd 4.1 UP 2.50% | Namibia Asset Management Ltd 0.7 SAME | Namibia Breweries Ltd 31.49 UP 0.03% | Nictus Holdings - 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