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BUSINESS TODAY | NWR records a 3% revenue increase

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Namibia Wildlife Resorts' saw a revenue increase of 32 percent in 2022.

The state-owned enterprise's revenue jumped from N$294 million in 2022 to N$387 million last year, resulting in a profit of N$46 million.

Presenting the company's 2023 annual financial report, NWR Chief Financial Officer Brian Masule highlighted significant progress in terms of its strategic objective of financial sustenance.

The aim was to reduce its loss by 231 percent from a loss of N$35 million to N$46 million in profit.

African Maintenance Funds Association calls for new revenue collection 

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The African Roads Maintenance Funds Association is calling for new revenue collection strategies amidst threats to global fuel supply and the emergence of electric cars.

The outgoing president of the association, Ali Ipinge, says Africa is not behind with the concept of electric cars.

Ali Ipinge, who is also the CEO of Namibia's Road Fund Administration, made the remarks when he handed over the association's presidency to the incoming president from Cameroon, Moussa Essaie.

MTC reports N$52,9 million in 2022 revenues

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The Mobile Telecommunications Company (MTC) achieved profitable growth and increased its infrastructure investment during 2022 as its customer-centric digital transformation strategy delivered value.

The company's revenue has grown from N$25,6 million in 2021, to N$52,9 million in 2022. 

MTC achieved satisfactory growth in revenues from its traditional operations, with increased revenue from prepaid services more than compensating for lower postpaid revenue.

Namport revenue increases by 11%

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Despite the effects of the COVID-19 pandemic on the logistics industry, Namport's revenue increased by 11% for the fiscal year 2021–2022.

The company's revenue increased from N$1.11 billion during the previous financial year to N$1.23 billion. 

The chief executive officer of Namport says the financial year under review included mixed fortunes for the state enterprise.

Andrew Kanime indicated that the impact of the COVID-19 pandemic resulted in a shortage of vessels for Namibian ports.