Namibia Breweries updates President Mbumba on its business

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Namibia Breweries Limited has met with President Nangolo Mbumba to discuss matters related to the brewery's business. 

This follows the last meetings held with the late President since Heineken became its main shareholder. 

The visit encompasses the business' duty to the Namibian nation, as one of the largest beer producers in the country, to update President Mumba on its business.

President Mbumba welcomed the business executives at the statehouse in honour of the partnership between government and the private sector.

Namibia Breweries thrives against economic headwinds

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Namibia Breweries has reported a 15% increase in net revenue, reaching N$2.1 billion, despite facing economic pressures, including high inflation and sluggish GDP growth. 

The growth is attributed to successful portfolio integration and strategic pricing following the NBL takeover by Heineken.

Operational costs rose by 21.9%, mainly due to new portfolio integration and once-off expenses. 

However, the company says it remains committed to sustainability goals, aiming for zero carbon emissions by 2030 and promoting responsible consumption.