Namibia: Cabinet Orders RCC Board Dismissal

Windhoek — Cabinet yesterday directed Works and Transport Minister John Mutorwa to dismiss the Roads Contractor Company (RCC)'s board of directors over the company's unauthorised N$2 billion deal with a Chinese firm.

Cabinet also ordered Secretary to Cabinet George Simataa to take disciplinary action against the ministry's permanent secretary Willem Goeiemann over the same issue. RCC, currently under a court-supervised rescue arrangement, signed in April an agreement with Chinese company Nantong Sanjian, which would avail a N$580 million loan to the struggling Namibian state-owned entity in return for a stake in RCC's projects.

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