The government received a financial contribution this week in the form of N$60.7 million dividends for the financial year, ended 30 June 2018 from its parastatal, NamPower.
“As a commercial state-owned enterprise, we subscribe to the principles of performance and good governance. We also believe that the government, like any other shareholder, should achieve both financial and social rewards from the investments they hold,” Ndilula said.
We trust that the dividend will make a meaningful (albeit small) contribution to the National treasury and help restore confidence in the shareholder about the contribution of commercial SOEs in the country’s economic sphere, The company’s board expressed.
Board chairperson, Kaunapaua Ndilula presented the line minister, Hon Tom Alweendo, with the dividend cheque.