By Petronella Sibeene
Namibia Ports Authority (Namport) yesterday paid dividends amounting to
N$8 million to the government.
Managing Director of Namport, Sebby Kankondi, said the returns have come because Namport has efficiently utilized the port facilities with the necessary volumes.
“During the past two financial years, we worked harder than before in implementing our strategy that focuses on efficiency, expansion and equipment in order to accommodate transshipment container volumes that increased dramatically,” he said.
Namport recently expanded its storage facilities in view of increasing demand, to store transit cargo destined for other southern African countries.
The cargo volumes along the various corridor routes have increased significantly during the past two years and have spearheaded the need for increased capacities along the Trans-Caprivi, Trans-Kalahari and Trans-Cunene corridors, said the Walvis Bay Corridor Group (WBCG) Business Development Officer, Stella Auala.
Five new sheds, each with an undercover storage capacity of 1??????’??