After recording another year of strong financial performance, the Namibia Ports Authority (Namport) last week declared a N$100 million dividend to its sole shareholder, the Namibian government. 

The dividend, announced last Thursday by Namport chairperson, Nangula Hamunyela, is related to Namport’s performance for the year ended 31 March 2025. 

“We have seen positive growth in our business volumes from both local and regional markets. We are humbled that the efforts which we have made towards upgrading our infrastructure and equipment, as well as to develop our business, have started taking root, and that is evident in the results which we just posted for the year ended 31 March 2025,” said Hamunyela. 

The chairperson added that Namport has noted an increasing show of confidence from the market, with increased volumes of business from local customers, especially the mines and the agro-processing sector, as well as hinterland customers in Botswana, South Africa, the DRC and Zambia. 

“Given this solid financial performance, we are pleased to declare a dividend of N$100 million to the shareholders for the year ended 31 March 2025. The government has been pivotal in its support of our growth, and we are humbled to make this contribution to the fiscus,” Hamunyela added. 

Going forward, Namport plans to provide logistical support to emerging sectors, such as the oil and gas industry, to position Namibia as a regional hub. 

-ebrandt@nepc.com.na