The Namib Desert Diamonds (Namdia) has started the process to select new additional buyers for its rough diamonds.

Namdia board snubs Alweendo

The frosty relationship between Mines and Energy Minister, Tom Alweendo, and the Namib Desert Diamonds (Namdia) board was highlighted this week when directors of the diamond marketing and sales company skipped the handover of a N$50 million dividend cheque to the minister.
Namib Desert Diamond (Namdia) has maintained that it does not have a contract with the John Walengwa co-owned C-Sixty Investments, a company that has been evaluating its diamonds for the last two years

Namdia seeks new clients for rough diamonds

Namibia Desert Diamonds or Namdia is in the process of adding at least 10 new clients to buy its rough diamonds, to bring the total number of clients to 15.

Lucrative board fees paid to the directors of State-owned diamond marketing company, Namdia, are now a thing of the past after they were slashed considerably following a public outcry, Minister of Public Enterprises, Leon Jooste, has confirmed.Lucrative board fees paid to the directors of State-owned diamond marketing company, Namdia, are now a thing of the past after they were slashed considerably following a public outcry, Minister of Public Enterprises, Leon Jooste, has confirmed.

Namdia financials fails to sparkle

State-owned diamond marketing and sales company, Namib Desert Diamonds (Namdia), has had little justification for its existence after managing a paltry N$63m profit for the six months to February 2017, its maiden financial results show.

Namdia eyes best price for local diamonds

Namib Desert Diamonds (Namdia) says its mission is to secure the best prices for the country’s diamonds, which are of the highest quality in the world.

Namdia board earns N$4m in six months

THE scandal prone Namib Desert Diamonds (Namdia) has spent N$3.9 million in board and retainer fees in just six months, the Windhoek Observer has established.
De Beers, which owns a 50 percent stake in Namdeb Holdings, last week released its first half production figures which showed a 17 percent increase in production to 900,000 carats compared to 700,000 carats in the first half of 2016.

WINDHOEK OBSERVER

The Windhoek Observer is an English-language weekly newspaper, published in Namibia by Paragon Investment Holding. It is the country's oldest and largest circulating weekly.

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