Namibia
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Matter of Fact: Namdia

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In an article published under the headline ‘Namdia revenue at N$3 billion’ on 26 July, we incorrectly reported that Namdia had generated N$3,1 billion revenue since its inception and that the company’s revenue for the 2022/23 financial year stands at N$409,2 million. However, the company has pointed out that the amount was earned during the 2022/23 financial year, and that the N$409,2 million figure is the after-tax profit. The company has also clarified that it contributed N$232 million towards taxes and export levies in the 2022/2023 financial year. It had also declared N$150 million in dividends for the 2021/2022 financial year. The dividend declaration for the 2022/2023 financial year will be announced at the upcoming launch of Namdia’s annual report. We have updated all our digital platforms to reflect the above. We apologise for any inconvenience caused.

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