Namport has declared a N$100 million dividend to the government for the financial year ended 31 March 2025, following growth in business volumes driven by regional and local market demand.
At a handover ceremony at the Port of Walvis Bay on Thursday, Board Chairperson Nangula Hamunyela said Namport recorded positive performance supported by increased cargo from mining, agro-processing and cross-border markets including Botswana, South Africa, the Democratic Republic of Congo and Zambia.
“We have seen positive growth in our business volumes from both the local and regional markets. We are humbled that the efforts that we have made towards upgrading our infrastructure and equipment as well as developing our business have started taking root and that is evident in the results which we just posted for the year ended 31st of March 2025,” Hamunyela said.
She said the dividend is a result of government support and emphasised Namport’s role in emerging sectors such as oil and gas.
“Going forward we will focus on entrenching sustainability, providing support to all industries of our economy, notably the nascent oil and gas industry, and to complement our government’s drive towards positioning Namibia as a logistics hub for the region and the economic development of our country,” she said.
The dividend was officially received by Minister of Works and Transport Veiko Nekundi, and Hamunyela reaffirmed the board’s commitment to improving performance.
“On behalf of the Namport Board of Directors, it is my honour to officially hand over this dividend of one hundred million Namibia dollars to the shareholder. We remain committed to delivering even stronger performance going forward,” Hamunyela said.
