The Namibian Ports Authority (Namport) has been ranked among Namibia’s three best-governed commercial public enterprises after achieving full marks for financial independence, leadership stability and corporate transparency in the inaugural IJG Annual Public Enterprise Governance Ranking 2026.
Namport secured a joint second-place ranking with a score of 19 out of 20 following an assessment of commercial public enterprises over the 2021 to 2025 period.
The ranking measured performance against governance indicators including annual report publication, profitability, reliance on government transfers and chief executive officer stability.
The authority received full marks for publishing annual reports, operating without fiscal transfers from government and maintaining executive leadership stability throughout the assessment period.
According to Namport, the ranking validates its strategy of combining sound governance with commercial performance.
The authority also highlighted its financial turnaround, recovering from a N$44.6 million loss in the 2020/21 financial year to N$864.5 million in profit by the 2024/25 financial year.
“Following a loss of N$44.6 million in the 2020/21 financial year, Namport demonstrated exceptional resilience, recovering strongly and growing profitability to N$864.5 million by the 2024/25 financial year. That trajectory from loss to sustained, substantial profitability reflects the quality of the decisions made at every level of the institution, and the commitment of our people to execute with excellence,” the authority said.
Namport said its 25-year partnership with Terminal Investment Limited (TIL) to operate the new container terminal at the Port of Walvis Bay has strengthened the port’s competitiveness and established a long-term commercial foundation for the country.
The authority also pointed to its growing role in offshore oil and gas and green hydrogen logistics as part of its strategy to position Walvis Bay as a regional energy hub.
“Our strategic engagements in offshore oil and gas, and in the green hydrogen space, are not peripheral activities; they are deliberate, commercially driven initiatives designed to ensure that Namport is positioned at the centre of Namibia’s energy future,” Namport said.
The authority said the ranking demonstrates that strong governance and commercial success go hand in hand and reaffirmed its commitment to supporting Namibia’s trade, logistics and industrial development.
