Namibia Breweries Limited celebrates 100 years of creating a future, enhancing life

NAMIBIA – Until the late 1800’s, beer in the then South West Africa, was imported from Germany. The imported beer had a high alcohol content to preserve it during the long journey to Namibia by sea. It quickly became obvious that the beer was too strong for consumption in the hot African climate. It is then that entrepreneurs started brewing beer locally and by 1920 four local breweries in Namibia had been established namely: ​ Omaruru Brauerei, Kronenbrauerei in Swakopmund, Klein Windhoek Brauerei and Felsenkeller Brauerei, both in Windhoek​. In…

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Meat Board of Namibia eyes new markets for beef exports

NAMIBIA – The Meat Board of Namibia is scouting for new markets for Namibian beef in a bid to expand its base and earning. Some of its current markets include South African, USA, Norwegian and European Union and according to the board, they are Foot-and-Mouth Disease sensitive. To this end the company has launched several studies and investigations to identify evolving markets and has set eyes on Middle Eastern markets which have delivered promising results. This comes after Namibia penetrated the lucrative Chinese and American markets. In March 2019, Namibia…

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Namibian private equity firm EOS Capital seeks to raise US$33.5m for agriculture investment

NAMIBIA – EOS Capital, a Namibian private equity fund manager has launched its third fund, Euphrates Agriculture Fund which aims to bring about an “Agriculture Renaissance” in Namibia. Through the fund, according to Namibian Times, EOS aims to raise N$500 million (US$33.5m) by March 2021 to invest in agriculture production and value addition. It will make equity and quasi-equity investments into unlisted vehicles in target sectors including agro-processing, distribution and logistics, commercial agriculture, retail, biomass, and manufacturing of chemicals, fertilizers, seeds, animal products and equipment. “Eos Capital’s mission is to…

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Namibia opens Katima abattoir after injecting US$845k for renovation

NAMIBIA – Namibia has commenced operations at the Katima Mulilo abattoir after the government injected N$14 million (US$845K) to renovate the facility. According to reports by Namibian Times, the opening of the slaughterhouse will serve livestock farmers in the Zambezi region who had been operating without a stable market for year following the closure of Meatco. “This is the first commercial slaughter, which is great news for farmers. During the past five years without a market the farmers endured financial difficulties as they could not maintain their livestock and livelihoods.”…

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VNA Foods of Namibia to produce vegetable instant soup in new facility

NAMIBIA – Namibian food processing company, VNA Foods has inaugurated its production facility in Windhoek which will produce an instant soup made of spinach dubbed ‘Omboga’. With the launch of the facility, Development Bank of Namibia (DBN) celebrates the culmination of its support to 2018 Innovation Award winner who bagged N$1 million (US$67K). Other than the cash-prize, DBN has provided an extensive range of support activities to the company, including recipe development, testing and refinement as well as barcode acquisition to enable the company to gain shelf space in local…

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NBL registers 71.7% decline in full-year profits attributed to drop in Heineken SA sales

NAMIBIA – Namibia Breweries Limited’s (NBL), a subsidiary of the Ohlthaver & List (O&L) Group has reported that its revenue for the year ended June 2020 dipped by 14.6% to N$2.6 billion (US$152.7m), down from last year’s N$3 billion (US$176.2m). The company registered an overall decline in volumes sold by 16.6% given the unusually challenging year as a result of COVID-19. “While NBL has seen significant growth over the past years, current economic conditions demand that we need to adjust our ways of working to be able to defend market…

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Alcohol sale ban to serve Namibia Breweries major blow in 2020 earnings

NAMIBIA – Namibia Breweries expects to register a drop of between 25% and 35% in operating profits for the 2020 financial year when compared to 2019. The drop is attributed to the ban of sale of alcohol in both Namibia and South Africa to curb the spread of Covid-19 which has dealt the company a major blow, reports The Namibian. The brewery’s 2019 operating profit was at N$651 million, if it drops by the indicated rate it will be between N$488 million and N$424 million. “Basic earnings per share and…

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Namibian government pockets US$42.16m from fishing quotas auction

NAMIBIA – The government of Namibia has raised N$627.9 million (US$42.16m) from the auction of its fishing quota to both international and local companies, with the financing to be channelled to procure the required resources to fight the COVID-19 pandemic. The amount was announced by minister of finance Lipumbu Shiimi, who said it is twice more than the N$315 million (US$21.15m) the government could have raised if fish quotas were sold at reserved prices, reports the Namibian. “The total amount raised from the auction amounts to N$ 627,936,827.10 (US$42.16m) including…

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Namibian Breweries launches Horizon non-alcoholic flavored beer

NAMIBIA – The Namibia Breweries Limited (NBL), subsidiary of the Ohlthaver & List (O&L), has introduced Horizon, a non-alcoholic flavoured beer with less than 0.5% alcohol, reaffirming its commitment to instil a culture of continuous innovation. With the new offering, NBL will strengthen its commitment of promoting responsible alcohol consumption and curbing the abuse of alcohol, noting that consumers in Namibia have limited choice for quality locally crafted non-alcoholic beers. According to NBL’s Global Marketing Manager, Rene Duffy, “We are committed to encourage responsible behavior in an effort to address…

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Namibian local manufacturers to acquire own bar-code fostering country’s product identity

NAMIBIA – Namibian local products that are currently on retailers’ shelves are identified as South African as they carry the country’s barcode as Namibia lacks the institutional framework to issue its own. A barcode has been identified as one of the minimum entry barriers of locally manufactured products in local retailers. The codes are used in retail stores at the purchase process, in warehouses to keep track of stock and on invoices for bookkeeping purposes. Due to this, the Namibian Trade Forum (NTF) has gathered 242 signatures from local manufacturers…

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