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...
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,...