NAMDIA

10 Sep

NAMDIA declares N$80 million dividend

ObserverUncategorisedNAMDIA, Namib Desert Diamonds (Pty) Ltd

Clifton Movirongo Namib Desert Diamonds (Pty) Ltd (NAMDIA) has declared a N$80 million dividend payable to the Government of Namibia for the financial period 2019/2020. The company’s full year profit after tax amounted to N$95.2 million, down 41 percent from prior year’s N$161.9 million, with N$63 million paid in taxes to the Ministry of Finance. NAMDIA also paid export levy amounting to N$19 million for the period under review. “NAMDIA performed relatively well during 2019/2020, despite an extremely challenging year for the diamond industry. This positive financial performance is attributed to a well-executed strategy that focuses on revenue maximization for…

NAMDIA joins MTC in the fight against homelessness

ObserverObserver MoneyCovid-19, Knockout Project 2020, MTC, NAMDIA

Staff Writer NAMDIA, through The NAMDIA Foundation has pledged to stand together with the nation in the fight against COVID 19. As part of the company’s continuing commitment and efforts, it partnered up with MTC in the Knockout Project 2020. The project’s goal is to raise N$ 1.5 million aimed at addressing and tackling one of our country’s growing social ills, homelessness. “The outbreak of the COVID 19 pandemic has exposed the weaknesses and imbalances of our society, with the vulnerable being most at risk and most adversely effected.We are thrilled to be endorsing one of Namibia’s most prominent media…