Namibian meat processor Ohlthaver & List buys majority stake in rival company

NAMIBIA – The Ohlthaver & List Group has acquired a 60% stake in Hartlief Corporation Limited, a meat producer, a move that is in line with the group’s 2025 corporate strategy. This majority stake ownership […]

Simbisa Brands full year profits increases 134% amid economic hardships

ZIMBABWE – Zimbabwe’s Quick service restaurant (QSR) group, Simbisa Brands Limited’s profit for the year ended June 30, 2019 jumped by 134% to US$32 million despite a decline in total customer count. Zimbabwe, which is […]

Heineken South Africa boosts Namibia Breweries profits

NAMIBIA – Namibia Breweries Limited have closed their 2019 financial year with 17 export destinations, 18 brands, and a profit of N$931 million (US$62.88m), reports the Namibian. This is according to recently released financial statements […]

Namibia’s Tunacor Group invests in new solar powered fish processing facility

NAMIBIA – The Tunacor Group, Nambia’s largest fishing company is investing in a new solar powered horse mackerel processing facility in Walvis Bay. The 4 000 square metre facility will be fitted with solar panels […]

Namibia unveils US$8.95 agricultural project to help farmers build climate change resilience

NAMIBIA – Namibia has commissioned a US$ 8.95million (N$130 million) agricultural project that seeks to enhance agricultural productivity by strengthening farmers resilience to climate change. The project, which was launched at Warmquelle in Kunene region, […]

Coca-Cola launches solar power system in Namibia to strengthen green energy sourcing

NAMIBIA – Coca-Cola Namibia Bottling Company (CCNBC), subsidiary of Coca-Cola Beverages Africa (CCBA) has installed 1740 solar panels and nine solar inverters in its facility as part of its ambitions to explore green energy sourcing. […]