President Hage Geingob yesterday mentioned he’ll deal with leaving a long-lasting legacy earlier than his second and ultimate time period as head of state involves an finish in 2025. 

“It is a time the place we take motion to deal with the issues. The federal government goes to take motion now within the the rest of my time I wish to do it and go away a legacy behind,” mentioned Geingob yesterday throughout his go to to Namib Desert Diamonds (Namdia) headquarters in Windhoek.

Through the go to, the President was briefed on the corporate’s operations, challenges and the best way ahead. 

That is Geingob’s first go to on the nationwide diamond advertising and marketing and gross sales firm since its inception in 2016. 

“We should always go away hope on the finish of the tunnel as we converse oil discoveries and inexperienced hydrogen capabilities. Allow us to keep peace and nobody ought to be left behind,” added Geingob. 

He famous it’s time for Namibians to carry palms and construct the economic system utilizing the diamond trade as a result of monumental potential on this trade. 

President Geingob additional mentioned the nation should attempt for a vibrant and internationally aggressive economic system, to carry Namibia on par with the remainder of the worldwide gamers. 

“We, subsequently, have an obligation to safeguard our pure assets and play our particular person function in direction of unity of goal in order to make sure each Namibian advantages from their diamonds,” mentioned Geingob. 

He added the inward circulation of the rewards from pure assets would end in larger alternatives for social and financial mobility and prosperity, the place Namibia’s human capital can advance and thrive. 

Via Namdia, Geingob famous, authorities can bolster its efforts and draw investments that additional promote worth addition and beneficiation throughout the diamond trade.

On the identical event, Namdia board chairperson Bryan Eiseb mentioned beginning subsequent yr, the corporate will give desire to entities that add worth to Namibian diamonds.

“We have to exploit these alternatives to create jobs and add native content material and worth to Namibian diamonds,” he mentioned. 

He additional mentioned the corporate would proceed with its company social funding initiatives in schooling, well being and sport sectors to make sure all Namibians profit from the valuable stones. 

Throughout yesterday’s occasion, mines minister Tom Alweendo mentioned Namibia produced US$914 million (N$15 billion) value of tough diamonds final yr. 

The mining trade accounts for about 10% of gross home product (GDP), 40% of export income and seven% of annual authorities income. 

Alweendo continued that Namdia is increasing its worth discovery mandate by the remainder of the diamond worth chain, with the goal to find and unlock the true worth of the dear useful resource. 

The newest monetary outcomes present that Namdia recorded revenue after tax of N$144.7 million in comparison with N$13.3 million the earlier yr, whereas recording N$218 million revenue earlier than tax. 

Additionally, a file dividend declaration of N$150 million was offered to the Namibian authorities as sole shareholder for the 2021/22 monetary yr. 

Moreover, the diamond firm bought 222 978 carats, representing a rise of 53.8% in comparison with the earlier yr. 

The 2021/22 report stipulated gross sales income elevated by 78.7% to US$128 million in addition to 36 new shoppers chosen for the 2022/23 to 2025/26 monetary years.

Picture: Namdia4

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