SAGA Seafood Namibia to cease operations on account of lack of fishing quotas

NAMIBIA – SAGA Seafood Namibia, the operating company for Icelandic fishing company Samherji in Namibia is set to close its operations at Walvis Bay. Last month the company announced it would cease operations at the […]

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 […]