The Bank of Namibia (BoN) has declared a dividend of more than half a billion dollars. This underscores a major improvement in the central bank’s performance for the past financial year compared to that of the previous financial year, representing an increase of almost N$100 million. During the previous financial year, the bank distributed a...
Erongo Regional Electricity Distributor has declared dividends of N$10.2 million. The announcement was made by Erongo Red’s Chief Executive, Immanuel !Hanabeb, in Walvis Bay. !Hanabeb stated that during the period under review, the company provided subsidies totaling N$24 million to pensioners and vulnerable individuals. Additionally, nearly N$500,000 was spent on various corporate social responsibility activities,...
Martin Endjala The Government Institutions Pension Fund (GIPF) has announced that FirstRand Namibia Group has declared dividends of N$321 million in favour of the Fund for the financial year that ended in June 2023. The ceremonial dividend cheque was handed over this week at the GIPF Head Office in Windhoek. The state-owned entity holds 15.71...
FirstRand Namibia declared dividends amounting to N$321,971,760 to the Government Institutions Pension Fund (GIPF). According to FirstRand Namibia, the dividends were from the financial year ended June 2023. “The GIPF’s 15.7% shareholding in FirstRand Namibia Ltd ensures financial stability, growth, and security for GIPF’s members and beneficiaries funds, through the dividends from FirstRand Namibia. This...
FirstRand Namibia Group handed over a symbolic dividend cheque for the financial year ended June 2023 to the Government Institutions Pension Fund (GIPF) on Monday. The dividend totalled N$321 971 760.99. The GIPF’s 15.7% shareholding in FirstRand Namibia Ltd ensures financial stability, growth, and security for GIPF’s members and beneficiaries funds, through the dividends from...
“The property has a working business model and I encourage all the public enterprises to follow the example of the Windhoek Country Club Resort,” said the Deputy Director in the Ministry of Finance and Public Enterprises, Louise Shixwameni when she accepted a N$20 million dividend cheque from the Chairman of the resort’s board, Dr Evans...
Martin Endjala The Namib Desert Company (NAMDIA) has declared a record dividend of N$300 million to the government for the 2022/23 financial year, marking a continual increase from the dividends declared in the previous years, including N$50 million for 2018/19, N$80 million for 2019/20, N$40 million for 2020/21, and N$150 million in 2021/22. Bryan Eiseb,...
Business Reporter NAMDIA, the Namib Desert Diamonds (Proprietary) Limited Company, a 100% commercial public enterprise, today released its results for the 2022/23 financial year and declared a dividend of N$300 million to its shareholder, the government. In addition to this, the 2022/23 financial year saw NAMDIA’s revenue reaching N$3.1 billion, an increase of 63% compared...
Staff Reporter WINDHOEK, Sept. 27 — Namibia’s diamond industry reached a historic milestone as NAMDIA, the Namib Desert Diamonds (Proprietary) Limited Company, declared its highest dividend ever during the launch of its Annual Report for the financial year 2022/2023. Esteemed guests and stakeholders gathered at the Droombos on September 27, 2023, to celebrate NAMDIA’s exceptional...