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Nampost's dividend to government increases by 125% |
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Written by Staff Reporters
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Namibia
Post Limited (Nampost) this week paid the government a dividend of N$4.5
million for the fiscal ended 30 September 2006, which is an increase of 125% on
the previous dividend.
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| Nampost CEO Sakaria Nghikembua |
Deputy Minister of Works, Transport and Communicating
Stefanus Mogotsi said the increase in the dividend paid is based on a solid and
improved financial performance and is not at the expense of the company and its
operations.
Nampost CEO Sakaria Nghikembua said with the acquisition of
a 50% shareholding in SmartSwitch Namibia, Nampost is now classified as a group
for accounting purposes.
Nghikembua said for the first time in its history, NamPost's
total assets exceeded N$1 billion, mainly driven by significant growth in the
deposit book.
“This milestone catapulted Nampost into the big league in
corporate Namibia,” said Nghikembua.
During the period, a funding of N$15 million was secured
from the Development Bank of Namibia to assist in establishing SmartSwitch. A
soft loan of 888,776 Euro was also secured from KFW of Germany.
“These funds were used to partially fund the computerisation
of rural post offices and the upgrade of our point of sale system,” said
Nghikembua said.
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