• September 25th, 2020

Star of the Week - TransNamib

Our Star of the Week is the national rail services operator, TransNamib, whose unqualified audit for the past financial year confirmed that during the 2019/2020 the state-owned enterprise generated revenue of N$517 million, representing a 10.5 percent year-on-year increase. 

Despite the challenge of rolling stock, the latest results show that TransNamib managed to attain its highest percentage increase in revenue in over a decade. The unqualified audit is significant for the company as it is expected to open more opportunities for the business from a financing perspective.

According to TransNamib the most recent financials mean its performance is well-aligned to its strategic objective of reaching breakthrough financial performance by 2023. Other significant achievements for the parastatal were a reduction in monthly operational loss and re-opening the line between Aus and Lüderitz after 18 years. 
TransNamib recently successfully hosted its first annual general meeting (AGM) in seven years. 

Staff Reporter
2020-03-06 08:04:48 | 6 months ago

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