Billion plus dividends paid-out
According to Katali, his ministry had received in excess of N$1.5 billion in the form of dividends since the formation of the Namibia Diamond Trading Company which was established in 2007.
He appealed to other state-owned enterprises under the ambit of the Ministry of Mines and Energy to emulate the example of the diamond company. Through its shareholding in Namdeb Holdings, Government holds a 50% stake in the company.
Said Ndjaba, “You would agree with me that eight years down the line NDTC has come to prove itself as a serious and valuable player through its contribution to the Namibian economy,” who was also proud to mention that the company had in the past handed out 13 dividend cheques to its shareholders De Beers and the government according to Ndjaba.
“The global economy is still not fully recovered, we remain optimistic and excited about the future of the Namibia diamond industry and will remain committed to fulfilling the mandate of extracting the maximum value from Namibian diamonds for Namibia.,” he added.