Namibia Breweries exports top N$747 million

Namibia Breweries Limited (NBL) was able to generate almost three-quarters of a billion dollars in sales from outside Namibia, amounting to almost N$750 million, it said.The milestone was announced yesterday by the company’s newly appointed board chairperson, Vetumbuavi Mungunda, who said it was a reflection of the brewer’s commitment to Namibians.Mungunda made the comments during the opening of the brewer’s new packaging line, which will now see it locally package wine brand Tassenberg, ginger ale Castelo and ciders Savanna and Hunters Gold.Meaningful contributions NBL’s beer exports amounted to N$747 million in 2023."This is testimony that Namibia Breweries meaningfully contributes towards the socio-economic development of the country and thus the social upliftment of Namibians,” Mungunda said.Touching on the new packaging line, NBL MD Peter Simons said a total of N$381 million was spent to install and improve the packaging lines.“In addition to the N$337 million investment to install the new wine packaging line, we have invested N$44 million to improve existing packaging lines, allowing us to package our popular ciders, Savanna and Hunters, locally for the first time,” Simons said.“We also extended our warehouse with 4 400 square meters, which was a further investment of N$56 million. With this equipment, we can package Tassenberg, Castelo and Granada locally, as well as Savanna and Hunters, and we will pay an additional N$170 million in excise to the Namibia Revenue Agency,” he added.President Nangolo Mbumba welcomed NBL’s commitment to invest in the local economy at the event yesterday. “NBL&#039;s commitment to using locally sourced ingredients where possible also supports our agricultural sector, creating a symbiotic relationship between industries that is vital for sustainable development. This initiative must be a shining example of how public-private partnerships can drive economic growth and industrial development in Namibia,” he said.

Namibia Breweries exports top N$747 million

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Republikein 2025-04-04

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Namibia Breweries exports top N$747 million

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