NAMCOR at the Crossroads is a searing, evidence-rich exposé of Namibia’s national oil company and a wider critique of state-owned enterprise (SOE) dysfunction in Southern Africa.

Dr. Rauna Shipena—a respected governance expert—brings together financial analysis, policy insight, and institutional reform to unpack how NAMCOR drifted into a debt crisis despite booming oil prospects. The book boldly asks: How did we get here, and how do we fix it?

Debt masked as growth: A forensic look at NAMCOR’s 2022/23 finances exposes unsustainable borrowing, slow receivables, and risky deals hidden beneath headline revenue numbers.

• Governance failures: Politically-appointed boards, weak oversight, and executive impunity deepen the crisis.
  

• Case studies: Lessons from Chile’s Codelco, Indonesia’s Pertamina, and Norway’s Statoil show what real accountability looks like.
  

• People-powered reform: From whistleblower protection to citizen oversight and youth education, the book outlines a bold, inclusive roadmap forward.