WALVIS BAY
The Namibia Ports Authority (Namport) board of directors has declared dividends of N$100 million to the government for the financial year ended 31 March 2025.
Board chairperson Nangula Hamunyela announced the declaration on Thursday, presenting the cheque to works and transport minister Veikko Nekundi.
Hamunyela explained that Namport recorded another year of strong financial performance.
“We have seen positive growth in our business volumes from both the local and regional markets," she said.
"We are humbled that the efforts we have made towards upgrading our infrastructure and equipment, as well as developing our business, have started to take root and are evident in the results for the year ended March 2025.”
Increased market confidence, future focus
Hamunyela added that there has been an increasing show of confidence by the market, evidenced by higher business volumes from local customers, particularly in the mining and agro-processing sectors, as well as hinterland customers in Botswana, South Africa, the DRC and Zambia.
She outlined the port authority's future direction: “Going forward, we will focus on entrenching sustainability, providing support to all industries of our economy – most notably the nascent oil and gas industry – and complementing our government’s drive to position Namibia as a regional logistics hub. We remain committed to delivering even stronger performance in the years ahead.”
Government commits to infrastructure investment
Nekundi expressed his gratitude towards Namport for the results, noting: “Your effective policies and operational frameworks are clear evidence of a strong foundation for continued performance.”
He added that the declaration of the dividends is another indication that Namibia is on an upward trajectory regarding the full utilisation of its ports.
“It reinforces why our country continues to invest in upgrading and developing port infrastructure and related systems that are essential for Namibia to realise its goal of becoming a logistics hub for the Southern African region and to align ourselves with the broader vision of African market integration.”
He said government remains focused on facilitating investments that will enable Namport to operate in the most effective and efficient manner.
The minister added that with continued efforts to expand the national road network and to upgrade and modernise railway infrastructure, Namport has the potential to become an even more significant national asset.
Board chairperson Nangula Hamunyela announced the declaration on Thursday, presenting the cheque to works and transport minister Veikko Nekundi.
Hamunyela explained that Namport recorded another year of strong financial performance.
“We have seen positive growth in our business volumes from both the local and regional markets," she said.
"We are humbled that the efforts we have made towards upgrading our infrastructure and equipment, as well as developing our business, have started to take root and are evident in the results for the year ended March 2025.”
Increased market confidence, future focus
Hamunyela added that there has been an increasing show of confidence by the market, evidenced by higher business volumes from local customers, particularly in the mining and agro-processing sectors, as well as hinterland customers in Botswana, South Africa, the DRC and Zambia.
She outlined the port authority's future direction: “Going forward, we will focus on entrenching sustainability, providing support to all industries of our economy – most notably the nascent oil and gas industry – and complementing our government’s drive to position Namibia as a regional logistics hub. We remain committed to delivering even stronger performance in the years ahead.”
Government commits to infrastructure investment
Nekundi expressed his gratitude towards Namport for the results, noting: “Your effective policies and operational frameworks are clear evidence of a strong foundation for continued performance.”
He added that the declaration of the dividends is another indication that Namibia is on an upward trajectory regarding the full utilisation of its ports.
“It reinforces why our country continues to invest in upgrading and developing port infrastructure and related systems that are essential for Namibia to realise its goal of becoming a logistics hub for the Southern African region and to align ourselves with the broader vision of African market integration.”
He said government remains focused on facilitating investments that will enable Namport to operate in the most effective and efficient manner.
The minister added that with continued efforts to expand the national road network and to upgrade and modernise railway infrastructure, Namport has the potential to become an even more significant national asset.
