NAMDIA, the Namib Desert Diamonds (Proprietary) Limited Company, a 100% commercial public enterprise marked a historic occasion at the launch of its Annual Report for the financial year 2022/2023 declaring a record-breaking dividend of N$300 million to NAMDIA’s shareholder, the Government of the Republic of Namibia.
This extraordinary dividend sets a new benchmark in NAMDIA’s history, accentuating the company’s dedication to enhancing the nation’s economic well-being. This achievement builds upon the impressive dividends declared in previous years: N$50 million for 2018/2019, N$80 million for 2019/2020, N$40 million for 2020/2021, and N$150 million in 2021/2022.
During her presentation of the company’s strategic performance, the CEO of NAMDIA, Alisa Amupolo, illuminated key performance indicators and provided an overview of NAMDIA’s strategic objectives as it continues to execute its 5-year strategic plan incepted in 2022/2023.
She highlighted that the 2022/2023 financial year saw NAMDIA’s strongest performance since inception, with revenue reaching N$3.1 billion. NAMDIA’s hybrid selling method, which includes direct sales and competitive bidding, enabled the realization of a diversified our business model and led to exceptional results coupled with increased production and favorable market conditions.
The Annual Report for the financial year 2022/2023, unveiled during the event, offers an in-depth examination of NAMDIA’s operations, financial performance, sustainability initiatives, and vision for the future. The report reaffirms NAMDIA’s commitment to transparency, accountability, and exemplary governance practices. In his comprehensive overview of NAMDIA’s financial performance, the Chief Operations Officer, Uahoroka Kauta, conducted an analysis of the institution’s financial achievements. He also provided a comparative analysis from the previous financial year, illustrating the remarkable success of the company.
Amidst the celebration of these momentous financial achievements, the event spotlighted NAMDIA’s dedication to Corporate Social Responsibility (CSR) projects. In the 2022/2023 financial year, NAMDIA invested over N$ 5 million in CSR initiatives aimed at positively impacting local communities and promoting sustainable development. The company reaffirmed its commitment to intensify and expand its CSR operations in the coming financial year, furthering its mission to make a meaningful difference in the lives of Namibians.
Bryan Eiseb, the Chairperson of the NAMDIA Board of Directors, presiding over the official launch of the Annual Report for 2022/2023 and the declaration of the dividend, expressed heartfelt appreciation to staff members, clients, service providers, the Government of the Republic of Namibia, and the media for their pivotal roles in NAMDIA’s journey. He underscored NAMDIA’s resolute commitment to establishing itself as an institution guided by robust governance principles and emphasized that the launch of the Annual Report serves as a testament to this commitment.
During her acceptance speech of the dividend on behalf of the Government of the Republic of Namibia, Deputy Minister of Finance and Public Enterprises, Maureen HindaMbuende praised NAMDIA’s dedication to contributing to the economic well-being of Namibia.
“This substantial contribution will undoubtedly support the Government’s efforts in various sectors, ultimately benefitting our people and advancing our nation’s development goals,” she added.
NAMDIA’s leadership expressed optimism about the future and its commitment to building upon existing partnerships, exploring new opportunities, and continuing to drive positive change in the diamond industry and Namibia’s development. The event concluded with attendees leaving with a profound sense of shared accomplishment and a reinforced commitment to responsible practices. NAMDIA eagerly anticipates a future filled with shared successes and continued collaboration with its valued stakeholders.