Namibia Stock Exchange

24 Oct

Agra expects profit to drop 23%

ObserverObserver MoneyNamibia Stock Exchange, Namibian agricultural sector

CHAMWE KAIRA Agra Limited has advised shareholders that the company’s profit after tax, basic earnings per share and headline earnings per share for the year ended 31 July 2024 is expected to decrease by between 17% and 23% compared to the previous financial period. Agra said the results reflect a period that was challenging in unprecedented ways but also demonstrate the strength and resilience of both the company and the Namibian agricultural sector. “The severe and ongoing drought has tested Agra’s operations, stakeholders, and the very foundation of agriculture in Namibia. Yet, through these trials, Agra has emerged not just…

ANIREP makes acquisitions

ObserverUncategorisedAlpha Namibia Industries Renewable Power Limited (ANIREP), Namibia Stock Exchange

Staff Writer Namibia Stock Exchange listed Alpha Namibia Industries Renewable Power Limited (ANIREP) has announced that it’s in the process of acquiring stakes in two renewable energy projects in Namibia. The company has targeted a 70 percent stake in a 10 MW solar power plant commissioned in 2015 and 2016 connected to the national grid through two 5MW solar PV with a 25 year power purchase agreement contract. The company’s second planned acquisition is an 80 percent stake in a contracting company which has installed about 100 MW of the 150 MW solar PV in Namibia. “In February 2020, shareholders…