Kora exposing political rot

Cindy Van Wyk
The ongoing Kora trial is not just a civil matter between two parties contesting contractual interpretations and millions of dollars lost.

Preliminary evidence points to a deal conceived out of impulse, without regard for due diligence.

It’s like a deal struck at a shebeen by revellers who were drunk like skunks. It would seem as though Ernst Adjovi was the only sober man on the night – and he made a meal out of his peers’ intoxication.

We have heard, for example, the Namibia Tourism Board (NTB) saying that they were duped into believing that Adjovi and his company were in a financial position to host the continental music awards.

It would seem that none of the Namibian officials, including then attorney-general Sacky Shanghala, bothered to verify the true financial state of the so-called organisers.

They relied on Adjovi’s word of mouth and swallowed it hook, line and sinker – like a tricked shoal of starved Maasbanker.

Yesterday we heard testimony that NTB was actually ‘forced’ into signing the agreement with Adjovi’s company. These are political decisions by people who have never run a business in their life, imposed on corporate executives who are bullied into putting pen on the dotted lines, irrespective of their instincts and gut feelings.

Adjovi is made to look like the sole devil in this deal, but none of this would have happened were it not for the bigger devils - our politicians.

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Namibian Sun 2024-05-03

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Premier League: Chelsea 2 vs 0 Tottenham Hotspur European Championships Qualifying: Coventry City 1 vs 2 Ipswich Town English Championship: Coventry City 1 vs 2 Ipswich Town Katima Mulilo: 12° | 32° Rundu: 13° | 32° Eenhana: 13° | 32° Oshakati: 15° | 32° Ruacana: 15° | 33° Tsumeb: 16° | 30° Otjiwarongo: 13° | 29° Omaruru: 13° | 31° Windhoek: 12° | 27° Gobabis: 15° | 28° Henties Bay: 14° | 21° Wind speed: 20km/h, Wind direction: SW, Low tide: 05:43, High tide: 12:02, Low Tide: 17:54, High tide: 00:23 Swakopmund: 16° | 19° Wind speed: 19km/h, Wind direction: W, Low tide: 05:41, High tide: 12:00, Low Tide: 17:52, High tide: 00:21 Walvis Bay: 16° | 25° Wind speed: 28km/h, Wind direction: W, Low tide: 05:41, High tide: 11:59, Low Tide: 17:52, High tide: 00:20 Rehoboth: 14° | 29° Mariental: 17° | 31° Keetmanshoop: 19° | 31° Aranos: 16° | 31° Lüderitz: 15° | 25° Ariamsvlei: 18° | 33° Oranjemund: 14° | 22° Luanda: 25° | 28° Gaborone: 14° | 27° Lubumbashi: 12° | 26° Mbabane: 12° | 26° Maseru: 11° | 25° Antananarivo: 13° | 24° Lilongwe: 13° | 27° Maputo: 19° | 28° Windhoek: 12° | 27° Cape Town: 15° | 19° Durban: 17° | 28° Johannesburg: 16° | 25° Dar es Salaam: 24° | 28° Lusaka: 15° | 27° Harare: 13° | 28° Currency: GBP to NAD 23.19 | EUR to NAD 19.87 | CNY to NAD 2.56 | USD to NAD 18.52 | DZD to NAD 0.14 | AOA to NAD 0.02 | BWP to NAD 1.31 | EGP to NAD 0.38 | KES to NAD 0.14 | NGN to NAD 0.01 | ZMW to NAD 0.68 | ZWL to NAD 0.04 | BRL to NAD 3.62 | RUB to NAD 0.2 | INR to NAD 0.22 | USD to DZD 134.15 | USD to AOA 834.06 | USD to BWP 13.64 | USD to EGP 47.9 | USD to KES 134.48 | USD to NGN 1349.9 | USD to ZAR 18.52 | USD to ZMW 26.95 | USD to ZWL 321 | Stock Exchange: JSE All Share Index 76046.88 Down -0.04% | Namibian Stock Exchange (NSX) Overall Index 1692.54 Up +0.10% | Casablanca Stock Exchange (CSE) MASI 13322.85 Up +0.03% | Egyptian Exchange (EGX) 30 Index 26113.71 Up +6.81% | Botswana Stock Exchange (BSE) DCI 9146.09 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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Nam 2.22 SAME | Oryx Properties Ltd 12.1 UP 1.70% | Paratus Namibia Holdings 11.99 SAME | SBN Holdings 8.45 SAME | Trustco Group Holdings Ltd 0.48 SAME | B2Gold Corporation 47.34 DOWN 1.50% | Local Index closed 677.62 UP 0.12% | Overall Index closed 1534.6 DOWN 0.05% | Osino Resources Corp 19.47 DOWN 2.41% | Commodities: Gold US$ 2 300.62/OZ DOWN -0.01 | Copper US$ 4.49/lb DOWN -0.0096 | Zinc US$ 2 905.50/T DOWN -0.22% | Brent Crude Oil US$ 84.61/BBP UP +0.38% | Platinum US$ 963.48/OZ UP +0.80%