Dwindling capacity of slaughter-ready animals in Namibia take huge bite in Meatco’s earnings

NAMIBIA – Meat Corporation (Meatco), a state-owned meat processing and marketing entity in Namibia, has reported a loss of N$118 million (US$8.21m) for the year ended January 2021 financial year. The dip in bottom-line performance is due to the dwindling number of cattle slaughtered during the period under review, dropping by 60% heads of cattle. According to reports by The Namibian, the huge slash of slaughtered animals has led to the meat processor earning N$873 million (US$60.75m) in revenue, compared to N1.78 billion (US$123.87m) realized in the previous corresponding period…

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Namibia Breweries quenches thirst of beer lovers in DRC, signs distribution deal

DRC – The introduction of Namibia Breweries Limited’s beer brands in other markets across the region and overseas is gaining momentum, following the company’s recent partnership with Congolese Terra Trading Distribution SARL. NBL, the largest beverage manufacturer in Namibia, has appointed Terra Trading Distribution SARL as the sole importers of the various brands within its portfolio to the Democratic Republic of the Congo (DRC). The partnership will see the brewer’s stalwart Windhoek brand, distributed nationwide alongside the McKane range of premium mixers. According to the subsidiary of Ohlthaver & List…

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Imperial expands its cold chain capabilities, product offering with acquisition of Deep Catch Namibia Holdings

SOUTHERN AFRICA – Imperial, South Africa headquartered logistics company is eyeing full acquisition of the leading supplier and distributor of perishable foods in the SADC region, Deep Catch Namibia Holdings, for an estimated purchase consideration of N$633m (42.5m). Imperial through its wholly-owned subsidiary, Imperial Capital Limited, has entered into an agreement with the investment consortium backing Deep Catch i.e., Salt Capital, German development finance institution (DEG) and management shareholders for a possible sale deal. According to Imperial, the transaction is still subject to the fulfilment of regulatory and other outstanding…

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Namibia gradually becomes weaner-exporting country recording 66.8% rise in export of live animals

NAMIBIA – Namibia has exported more live animals than it has slaughtered for value addition, in the first five months of the year, in turn leading to the country importing more beef than usual. This was revealed by the Meat Board of Namibia, indicating that the country exported 45 623 live animals, while local slaughtering stood at 29 379 head of cattle for both export and local consumption during the period under review. Out of the total live animals exported which was 66.80% higher than the previous comparable period, 44…

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Namib Mills launches training hub to enhance Namibians’ culinary skills

NAMIBIA – Namib Mills, the largest grain processing company in Namibia has launched a new culinary concept space dubbed Kitchen 82. Kitchen 82 is a professional environment where the public can be trained and educated about baking and cooking techniques to expand their culinary skills. According to reports by Namibian Sun, the platform is aimed to offer interactive dining experiences and cooking classes for foodies of all ages and skill levels. “As our tagline ‘for the love of food’ states, we want to give the public a space in which…

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Namibia eyes meat exports to Ghana market while South Africa faces ban on poultry exports

NAMIBIA – Namibia, one of Africa’s leading exporter of meat has signed a general cooperation framework agreement with Ghana that seeks to promote bilateral trade ties. The agreement will see Namibia exporting its meat to the West African nation, riding on the back of building the African Continental Free Trade Area. This was revealed by Namibia’s Executive Director in the Ministry of International Relations and Cooperation, Pendapala Naanda, who indicated that a trade mission for Meat Corporation (Meatco), a state-owned meat processing and marketing entity, has been planned. The Meatco…

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NBL treats Namibians abroad with iconic Windhoek Lager, commemorating 31st independence of diplomatic missions

NAMIBIA – Namibia’s leading beer maker Namibia Breweries Limited (NBL) has donated 340 cases of Windhoek Lager, valued at close to N$ 100 000 (US$6,800) to the Ministry of International Relations and Cooperation (MIRCO), in celebration of the 31st independence of Namibian diplomatic missions abroad, officially commemorated on 21 March 2021. According to the subsidiary of the Ohlthaver & List (O&L Group), the Windhoek Lager consignment will be dispatched to the diplomatic missions of Namibia across the globe. The brewer has chosen to use its iconic premium lager to be…

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COVID-19 pandemic takes big bite on Namibia Breweries earnings reporting 18% decline in half-year revenue

NAMIBIA – Namibia Breweries Limited’s (NBL), subsidiary of the Ohlthaver & List (O&L) Group has reported a 18% decline in half year revenue for the period ended December 2020, settling at N$1.3 billion (US$87.3m). The leading brewer attributes the decline to COVID- 19 related restrictions as well as alcohol bans in South Africa (SA), which adversely impacted the trading environment. According to the company its overall volumes went down by 23.1% despite Namibian beer volumes increasing by 1.5% on the back of strong consumer support and loyalty, with specifically Windhoek…

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Iconic Namibian artisanal bakery Hansa Bakery shuts down

NAMIBIA – Hansa Bakery, one of Namibia’s oldest baking firms is closing the curtains to its over 40-year-old business, due to loss of business and pilling cost of operations. Signifying the end of an era, Hansa Bakery together with its Przybylski bakery and confectionery unit will finally close their doors on April 30th. This according to a report by Allgemeine Zeitung, was triggered by the company’s long struggle with cost of operations i.e., raw material prices, energy and production costs which have exploded in recent years. Also there has been…

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