05
Nov
Ester Mbathera Telecom Namibia made a loss of N$12.3 million before tax in the 2022/23 fiscal year compared to a profit of N$51.9 million in the previous year. This was reported in the Namibia Post and Telecom Holdings (NPTH) 2022/23 financial report released on Tuesday. According to the report, Telecom Group’s financial performance was impacted by the challenging economic environment, rising inflation and interest rate hikes, local and international supply chain constraints, volatile exchange rates, and increasing competition in the telecommunications market. The company reported a loss of N$1.2 billion in 2021/22, attributing this to outdated and redundant billing systems…
