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NBL posts N$373m profit

October 01, 2021

Namibia Breweries Limited’s (NBL), a subsidiary of the Ohlthaver & List (O&L) Group, has recorded an after-tax profit of N$373 million, up 42.8% from N$261 million recorded prior year, from net revenue of N$2.65 billion for the financial year ended 30 June 2021.

Momentum Metropolitan says its Namibian life insurance business paid out 393 COVID-19 claims totaling over N$40.6 million in the 2021 financial year.

The Government Institution Pension Fund being cognisant that organisational culture is a key enabler for any successful strategy implementation, undertook a comprehensive organisational culture survey to examine its current culture and to map out the optimal culture that will propel the Fund to achieve its strategic plan.

The latest South African stock exchange opened on Thursday pledging to lure firms from across the continent with listing costs that are a third of that charged by the Johannesburg Stock Exchange.

Capricorn’s Namibian long and short-term issuer ratings were affirmed at AA-(NA) and A1+(NA), with a Stable outlook by rating agency, Global Credit Ratings Company (GCR).

The Bank of Namibia (BoN) says activity in the domestic economy improved during the second quarter of the year, attributed to improved performance in the tertiary industry.

As we slowly approach the start of our rainy season, farmers all over the country are in good spirits to receive the much-anticipated showers. Rainfall provides a favorable scenario as it has many positive effects on agricultural activities. Firstly, rainfall replenishes our water resources (e.g. rivers, boreholes, underground water aquifers). Secondly, rainfall encourages the regrowth of grass on our grazing lands and is the main source of irrigation for most crop farmers.

PSG Wealth Management Namibia and IJG Securities are in for a N$21 million payday for work done on the Mobile Telecommunications Limited (MTC) Initial Public Offering.

Namibian Breweries Limited (NBL) has announced that it has received an offer from Heineken N.V to acquire its 25% shareholding in Heineken South Africa (RF) Proprietary Limited estimated to be worth close to N$700 million.

Against the backdrop of the Covid-19 pandemic and maintaining the health and safety of employees as a priority, Aim-listed AfriTin delivered an impressive interim performance, CEO Anthony Viljoen says.

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