financial recovery

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Namibia

Civil Aviation Authority Posts Strong Financial Turnaround

The Namibia Civil Aviation Authority reported a significant financial recovery for the 2024/2025 year, cutting its operational loss to N$1 million and recording a profit of N$52 million. The Authority received an unqualified audit opinion, reflecting strong governance and financial discipline. Nelson Ahipala serves as the spokesperson for the NCAA. 

today10 November, 2025

Business / Economics

Development Bank of Namibia Reports N$62 Million Profit Amidst Job Creation Efforts

The Development Bank of Namibia has announced an investment of over N$21 billion towards the country's development, resulting in the creation of more than 76,000 jobs since its establishment 20 years ago. For the FY2023/2024, according to reports by The Brief, the bank reported a net operating profit of N$62 million, a significant recovery from the N$270 million loss in 2022. Although the bank aimed for a N$100 million profit, […]

today1 November, 2024