Namib Mills’ decade of job creation
Namib Mills’ decade of job creation

Namib Mills’ decade of job creation

Namib Mills understands the challenges of growing the Namibian economy and remains not only rooted in, but also committed to, the country and its people. The company has invested hundreds of millions in infrastructure to support employment opportunities.

Recent calculations made by Cirrus Capital indicated that it costs in the region of N$1 million to create one sustainable job. And Namib Mills has risen to the occasion. Established in 1982, producing 16 tons of maize meal monthly, the company has continued to invest in the country over the years.

In the last decade alone, Namib Mills has created 1 010 new jobs and has invested roughly N$1.3 billion.

Namib Mills’ commitment to Namibia was demonstrated firstly with the expansion of its pasta plant in 2011 when it invested N$70 million to improve the plant’s capacity. This saw production quadruple at the plant and resulted in the creation of 50 jobs.

In 2012, Namibia Poultry Industries was commissioned, resulting in what has become a flagship integrated poultry farm. With an investment of N$650 million, the company was able to create 650 jobs for locals.

In 2013, expansions at Feedmaster resulted in the creation of 50 jobs from an investment of N$85 million.

The years 2014 and 2015 saw further refurbishments made at Namibia Poultry Industries to enhance productivity. A cold-chain distribution component, a water purification plant and a reverse osmosis water plant were commissioned.

These required an investment of N$50 million over a two-year span and created 50 jobs.

Namib Mills pushed the envelope in 2017 when it decided to invest in the Top Score Instant Maize Porridge Plant. This was done to be innovative and make the lives of consumers easier by shortening the time required to prepare the popular Top Score maize porridge. Twenty jobs were created from an investment of N$15 million.

In 2018, Feedmaster’s lucerne milling plant was commissioned, creating four jobs.

Namib Mills’ insatiable desire to contribute towards the wellbeing of Namibia will see additional investment in the local economy in 2019 and 2020.

By investing N$135 million in a new bakery, Namib Mills will create 120 additional jobs.

That will be followed by the upgrading of its pasta plant to the tune of N$200 million in 2020. The upgrade is expected to increase pasta production from 3.6 tonnes to 4.7 tonnes per hour. Upon completion, this will be the biggest pasta plant in Sub-Saharan Africa.

The new plant will undoubtedly improve food security while contributing positively to Namibia’s gross domestic product through export earnings.

Namib Mills understands the call from the government to industrialise, and it supports domestic policies such as Vision 2030, the Harambee Prosperity Plan and the Growth at Home strategy.

STAFF REPORTER

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Allgemeine Zeitung 2024-04-16

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Nam 2.22 SAME | Oryx Properties Ltd 12.1 UP 1.70% | Paratus Namibia Holdings 11.99 SAME | SBN Holdings 8.45 SAME | Trustco Group Holdings Ltd 0.48 SAME | B2Gold Corporation 47.34 DOWN 1.50% | Local Index closed 677.62 UP 0.12% | Overall Index closed 1534.6 DOWN 0.05% | Osino Resources Corp 19.47 DOWN 2.41% | Commodities: Gold US$ 2 393.08/OZ UP +0.47% | Copper US$ 4.29/lb DOWN -0.014 | Zinc US$ 2 778.00/T UP 0.01% | Brent Crude Oil US$ 90.46/BBP DOWN -0.0031 | Platinum US$ 962.75/OZ DOWN -0.0097 Sport results: Premier League: Chelsea 6 vs 0 Everton | Arsenal 0 vs 2 Aston Villa | West Ham 0 vs 2 Fulham | Liverpool 0 vs 1 Crystal Palace | Bournemouth 2 vs 2 Manchester United | Manchester City 5 vs 1 Luton Town | Brentford 2 vs 0 Sheffield United | Burnley 1 vs 1 Brighton | Nottingham Forest 2 vs 2 Wolves | Newcastle 4 vs 0 Tottenham Hotspur LaLiga: Osasuna 0 vs 1 Valencia | Real Sociedad 2 vs 2 Almería | Athletic Club 1 vs 1 Villarreal | Granada 2 vs 0 Deportivo Alaves | Las Palmas 0 vs 2 Sevilla | Cadiz 0 vs 1 Barcelona | Mallorca 0 vs 1 Real Madrid | Rayo Vallecano 0 vs 0 Getafe | Atletico Madrid 3 vs 1 Girona SerieA: Atalanta 2 vs 2 Hellas Verona | Fiorentina 1 vs 1 Genoa | Inter Milan 2 vs 2 Cagliari | Udinese 1 vs 1 AS Roma | Sassuolo 3 vs 3 AC Milan | Napoli 2 vs 2 Frosinone | Bologna 0 vs 0 Monza | Torino 0 vs 0 Juventus | Lecce 1 vs 0 Empoli European Championships Qualifying: Preston North End 0 vs 1 Norwich City | Bristol City 1 vs 1 Huddersfield Town | Swansea City 1 vs 0 Rotherham United | Hull City 3 vs 0 Queens Park Rangers | Sheffield Wednesday 1 vs 1 Stoke City | West Bromwich Albion 0 vs 1 Sunderland | Southampton 3 vs 2 Watford | Birmingham City 3 vs 0 Coventry City | Ipswich Town 1 vs 1 Middlesbrough | Millwall FC 3 vs 1 Cardiff City | Leeds United 0 vs 1 Blackburn Rovers English Championship: Preston North End 0 vs 1 Norwich City | Bristol City 1 vs 1 Huddersfield Town | Swansea City 1 vs 0 Rotherham United | Hull City 3 vs 0 Queens Park Rangers | Sheffield Wednesday 1 vs 1 Stoke City | West Bromwich Albion 0 vs 1 Sunderland | Southampton 3 vs 2 Watford | Birmingham City 3 vs 0 Coventry City | Ipswich Town 1 vs 1 Middlesbrough | Millwall FC 3 vs 1 Cardiff City | Leeds United 0 vs 1 Blackburn Rovers Weather: Katima Mulilo: 18° | 33° Rundu: 17° | 34° Eenhana: 23° | 35° Oshakati: 24° | 34° Ruacana: 23° | 36° Tsumeb: 19° | 32° Otjiwarongo: 17° | 32° Omaruru: 15° | 33° Windhoek: 13° | 29° Gobabis: 16° | 32° Henties Bay: 14° | 21° Wind speed: 22km/h, Wind direction: S, Low tide: 04:10, High tide: 10:17, Low Tide: 16:39, High tide: 23:27 Swakopmund: 15° | 16° Wind speed: 26km/h, Wind direction: SW, Low tide: 04:08, High tide: 10:15, Low Tide: 16:37, High tide: 23:25 Walvis Bay: 14° | 25° Wind speed: 31km/h, Wind direction: S, Low tide: 04:08, High tide: 10:14, Low Tide: 16:37, High tide: 23:24 Rehoboth: 13° | 31° Mariental: 14° | 30° Keetmanshoop: 16° | 30° Aranos: 16° | 32° Lüderitz: 13° | 28° Ariamsvlei: 16° | 30° Oranjemund: 13° | 23° Luanda: 26° | 29° Gaborone: 15° | 23° Lubumbashi: 15° | 25° Mbabane: 13° | 20° Maseru: 11° | 17° Antananarivo: 14° | 18° Lilongwe: 15° | 25° Maputo: 19° | 26° Windhoek: 13° | 29° Cape Town: 18° | 25° Durban: 18° | 25° Johannesburg: 13° | 21° Dar es Salaam: 23° | 25° Lusaka: 15° | 27° Harare: 13° | 26° Economic Indicators: Currency: GBP to NAD 23.61 | EUR to NAD 20.21 | CNY to NAD 2.63 | USD to NAD 19.02 | DZD to NAD 0.14 | AOA to NAD 0.02 | BWP to NAD 1.33 | EGP to NAD 0.38 | KES to NAD 0.14 | NGN to NAD 0.02 | ZMW to NAD 0.75 | ZWL to NAD 0.04 | BRL to NAD 3.65 | RUB to NAD 0.2 | INR to NAD 0.23 | USD to DZD 134.51 | USD to AOA 832.82 | USD to BWP 13.85 | USD to EGP 48.45 | USD to KES 131.48 | USD to NGN 1138.13 | USD to ZAR 19.02 | USD to ZMW 25.05 | USD to ZWL 321 | Stock Exchange: JSE All Share Index 72999.63 Down -2.04% | Namibian Stock Exchange (NSX) Overall Index 1520.5 Down -2.01% | Casablanca Stock Exchange (CSE) MASI 13362.33 Down -0.08% | Egyptian Exchange (EGX) 30 Index 29400.84 Down -0.73% | Botswana Stock Exchange (BSE) DCI Same 0 | NSX: MTC 7.75 SAME | Anirep 8.99 SAME | Capricorn Investment group 17.34 SAME | FirstRand Namibia Ltd 49 DOWN 0.50% | Letshego Holdings (Namibia) Ltd 4.1 UP 2.50% | Namibia Asset Management Ltd 0.7 SAME | Namibia Breweries Ltd 31.49 UP 0.03% | Nictus Holdings - Nam 2.22 SAME | Oryx Properties Ltd 12.1 UP 1.70% | Paratus Namibia Holdings 11.99 SAME | SBN Holdings 8.45 SAME | Trustco Group Holdings Ltd 0.48 SAME | B2Gold Corporation 47.34 DOWN 1.50% | Local Index closed 677.62 UP 0.12% | Overall Index closed 1534.6 DOWN 0.05% | Osino Resources Corp 19.47 DOWN 2.41% | Commodities: Gold US$ 2 393.08/OZ UP +0.47% | Copper US$ 4.29/lb DOWN -0.014 | Zinc US$ 2 778.00/T UP 0.01% | Brent Crude Oil US$ 90.46/BBP DOWN -0.0031 | Platinum US$ 962.75/OZ DOWN -0.0097