WINDHOEK – The Namibia Trade Inspection and Forensic Services (NAMTIFS) yesterday announced the sale of 59 percent of the company’s shares to Namibian citizens. Of the 59 percent shareholding, 10 percent will be transferred into a workers’ trust.

The sale of the shareholding forms part of the Namibianisation of the company. NAMTIFS was previously 100 percent owned by a South African company, AgriInspec SA. It was also announced that Helmut Angula and John Nekwaya will be joining the company’s board of directors. Angula was a member of the National Assembly of Namibia from 1990 to 2004 and again from 2008 to 2010. He had an illustrious career in the government, serving among others, as the Minister of Works and Transport, Minister of Agriculture, Water and Rural Development, Minister of Finance and Minister of Fisheries and Marine Resources. He was also the Director-General of the National Planning Commission (NPC) and served as the Permanent Observer for Swapo at the UN in New York. He holds an M.Sc degree from the Voronezh University in Russia and a B.Dip in International Relations.

Nekwaya is the chairperson of the Namibia Development Corporation (NDC) and is a member of the Namibian Institute of Bankers. He is an astute banker and holds a B.Admin degree, CAIB and SMP from the University of Stellenbosch. The mission of NAMTIFS is to enforce fair trade. NAMTIFS is a private forensic investigation company collaborating with inter-state and government structures to combat financial fraud and international trade irregularities. NAMTIFS focuses on import and export control; analyses of control samples; inspection services; counterfeit investigations, as well as system analyses and international trade remedies. The company performs border control functions for the Namibian Agronomic Board and Namib Mills.

Staff Reporter