THE overall value of Trustco’s investments, properties and other holdings has seen a continuous decline, dropping to N$1,1 billion. According to the company’s financial results for the financial year ended 31 August, the company’s net asset value dropped from N$1,8 billion to N$1,1 billion compared to the previous year. A midyear review in June had...
Business Reporter NAMIBIA Breweries Limited (NBL) today released their financial year-end results for 2023, in which the company revealed that its operating profit decreased by 36.9 % from over N$ 667 million in 2022 to N$ 421 million in 2023, due to decreased sales volume impacted by consumers having lower disposable income in light of...
By Staff Reporter WINDHOEK, July 7 — Money Supply M1 in Namibia decreased to 75110.90 Namibian dollars (NAD) million in May 2023 from 77033.40 NAD million in April 2023. This represents a decrease of 2.4%. Money Supply M1 is a measure of the amount of money in circulation, including cash and checking deposits. A decrease...