NASRIA HANDS OVER N$17 MILLION IN DIVIDENDS
Breadcrumb
The Namibia Special Risks Insurance Association (NASRIA) handed over N$17 million in dividends to the government following another profitable financial year.
The Namibia Special Risks Insurance Association (NASRIA) handed over N$17 million in dividends to the government following another profitable financial year.
The Namibia Wildlife Resorts (NWR) has resolved not to declare dividends this time around to improve service despite an increase in profit of up to 50%.
NWR's profit increased from N$45.4 million in 2023 to N$68.3 million in 2024.
The Seaside Hotel and Spa handed over dividends of N$1.3 million to its shareholders.
The Bank of Namibia announced a record dividend of N$ 720 million dollars for last year, exceeding the 511 million dollars paid to the government in 2023.
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.