24
Feb
Ester Mbathera The Namibia Industrial Development Agency (NIDA) has reported that its cost-to-income ratio remains high, with expenses surpassing income. The agency’s executive consultant and chief financial officer, Julius Nghikevali, revealed this during the release of NIDA's six-year abridged annual report for the financial years 2018/2019 to 2023/2024, released on Monday in Windhoek. “That is a picture that any business would need to change and that is a key focus area for us,” he said. Despite the challenges, NIDA has achieved a 30% growth in total assets from 2019 to 2024, primarily due to investment properties. “The investment property aspect…