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Namibia: New Era records N$88.7-million loss at end of last year – News

Namibia: New Era records N.7-million loss at end of last year – News

Africa Links 24 with Shania Lazarus
Published on 2024-10-07 15:00:00

New Era Publication Corporation (NEPC) says it accumulated a loss of N$88.7 million by the end of the 2023 financial year, and not N$161.4 million in two years.

In September, The Namibian reported that the state-owned corporation accumulated a N$161.4-million loss in two years, which was incorrect.

According to a statement issued by NEPC chief executive Christof Maletsky last week, the company’s accumulated losses were N$88.7 million.

This is over an unspecified period of…

Read the Full article on The Namibian

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