CHAMWE KAIRA
Mobile Telecommunications Limited (MTC) achieved a perfect score of 20 out of 20 in the 2026 IJG Public Enterprise Governance Ranking.
The rankings, compiled by IJG Securities, assess the governance performance of public enterprises over a five-year period using four criteria: publication of annual reports, profitability, reliance on fiscal transfers, and CEO stability.
According to the report, MTC earned full marks by publishing annual reports every year, recording profits throughout the five-year assessment period, receiving no transfers from the fiscus, and maintaining stable executive leadership under the same chief executive officer.
NamPort, Agribank and NamibRe shared second place with 19 points each.
NamPort scored maximum points for annual reporting, avoiding fiscal transfers and CEO stability, but dropped one point on profitability. Agribank lost one point for receiving fiscal transfers, while NamibRe fell one point short on profitability.
NamPower and NamWater jointly occupied fifth position with 18 points. NamPower lost points due to profitability, while NamWater’s score reflected one year without an annual report and one point deducted for profitability.
The Development Bank of Namibia and NAMDIA shared seventh place with 16 points, followed by NamPost and Telecom Namibia in ninth position on 15 points each.
The Namibia Airports Company ranked 11th with 13 points, ahead of Namibia Wildlife Resorts and Meatco, which tied for 12th place with 12 points.
NIDA ranked 14th with 11 points. Namcor and the National Fishing Corporation shared 15th place with nine points, while TransNamib was ranked 17th with eight points.
Epangelo Mining Company finished 18th with six points, and Roads Contractor Company ranked last with four points.
The report notes that scores are based on whether enterprises consistently published annual reports, generated profits, operated without fiscal transfers, and maintained leadership stability over the assessment period.
IJG said the rankings reveal significant differences in governance performance across Namibia’s public enterprises and raise questions about why some entities consistently perform well while others continue to struggle.
The firm said further analysis on the factors driving these outcomes will be presented in future research papers.
