NAMDIA declares N$150 mln dividend to govt

Namibia Desert Diamonds (NAMDIA) declared N$150 million dividend to the government for the financial year 2021/2022, compared to N$40 million in the previous financial year.Profit after tax amounted to N$144.7 million, compared to N$13.3 million recorded in the financial year 2020/21. Dividend declared is not restricted to the profit made in the current financial year.NAMDIA purchase volumes totaled 222,978 carats, an increase of 53.8% compared to the previous year. Sales revenue increased by 78.7% to US$128 million. The institution is in a sound financial position, with cash reserves amounting to N$395 million. Speaking at the declaration event, newly appointed chief executive officer (CEO) of NAMDIA Alisa Amupolo expressed that she is honoured to become a “NAMDIAN” and to join a family of unique gems.“I feel confident that I am willing and able to further NAMDIA’s mandate of Namibia diamonds price discovery, under the tutelage of the board,” she added.“As we embark on the next 5 years and chart the future, we are looking forward to partnering with unique and distinctive collection of industry capability that NAMDIA boasts and leveraging on the global reservoir of knowledge through smart partnerships.”Amupolo pointed out that key consideration will particularly be given to expanding horizon in fulfilling mandate of price discovery, modifying and differentiating demand for Namibian diamonds and engaging the global and domestic market to strengthen market share. “We will harness every opportunity, strengthen existing bonds, cement new alliances and foster new partnerships which will enable us to compete in the global and domestic market, to increase market share and create value for all Namibians,” she added.WealthAlso speaking at the event is Maureen Hinda-Mbuende deputy minister of finance who received the dividend on behalf of the government. She noted that Namibia’s natural resource sovereignty has ensured the fruits of the nation’s natural wealth and it’s positive off spins directly and indirectly benefit the Namibian people.“Through institutions such as NAMDIA, the Ministry of Finance, is provided with the means to implement and carry out national objectives and bolster our nation’s economic and social aspirations,” she said.“NAMDIA, since inception has demonstrated effective administration of our diamonds and through your price discovery mechanism successfully demonstrated that our country’s diamonds can fetch a premium. Through NAMDIA, Namibia’s prominence and provenance is being reinforced on the global diamond market and promises to yield more returns and accomplishments as you continue to carve out a footprint in the global value chain.”NAMDIA’s resilience has proven a recipe for success and has provided Namibians with a sense of national pride, she said.-phillep@nmh.com.na

NAMDIA declares N$150 mln dividend to govt

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Republikein 2025-05-13

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NAMDIA declares N$150 mln dividend to govt

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