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Erongo RED declares dividends of N$10.2 million
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April 8, 2024April 8, 2024Uncategorized

Erongo RED declares dividends of N$10.2 million

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By Adolf Kaure. Erongo RED recently announced that it has declared dividends of N$10.2 million to its shareholders. This comes after a net profit of N$46 million in 2023, compared to a loss of N$19 million in 2022. The loss in the prior year was attributable to an increase in tax due to a once-off...

FirstRand Namibia Group presents shareholder dividends to GIPF
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March 20, 2024March 20, 2024Uncategorized

FirstRand Namibia Group presents shareholder dividends to GIPF

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The Government Institutions Pension Fund (GIPF) has earned a tidy sum in shareholder dividends when they received a payment to the value of more than N$3.2 million from the FirstRand Namibia Group. Described as securing a sustainable future, FirstRand handed over a symbolic dividend cheque for the financial year ended June 2023 to the GIPF...

State institution dividends boost Namibia’s revenue
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February 29, 2024February 29, 2024Uncategorized

State institution dividends boost Namibia’s revenue

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Namibia’s revenue of N$90,4 billion, announced by minister of finance and public enterprises Iipumbu Shiimi on Wednesday, was boosted by dividend payments of N$1,2 billion from the anticipated dissolution of the Namibia Post and Telecom Holdings Company (NPTH). Shiimi told the parliament an additional N$500 million is expected from the sale of the remaining 9%...

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September 27, 2023September 27, 2023Uncategorized

NAMDIA doubles dividends to the government in fiscal year 2022/2023

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In its latest annual report, Namib Desert Diamonds (NAMDIA) reported a N$300 million dividend to the government on 27 September. This is the company’s highest dividend ever in its history since its inception. This success builds on past years’ dividend declarations: N$50 million in 2018/2019, N$80 million in 2019/2020, N$40 million in 2020/2021, and N$150...