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.

NAMDIA has achieved record growth of 63% in revenue for the 2022–23 financial year, which amounted to over N$3 billion, compared to N$1.9 billion achieved in the previous year.

More than 200 employees of Erongo Marine Enterprises (EME) and Commercial Cold Storage Namibia (CCS) have each received N$65,000 in dividends.

The Walvis Bay-based fishing company has paid out more than N$13 million to all permanent employees.

Fisheries and Marine Resources Minister Derek Klazen has denounced the practice of unfair dividend distribution in joint ventures. 

Klazen has called on the fishing industry to cease the practice.