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August 26 Group
The August 26 Group, short August 26, is a state owned enterprise in Namibia. It is fully owned by the Namibian Defence Force (NDF) and thus overseen by the Ministry of Defence and Veterans Affairs. The company was established in 1998 and is headquartered in Windhoek Academia suburb. August 26 handles research, development and procurement on behalf of the defence ministry but has also spread into non-military branches like construction, tourism and agriculture. Company structure August 26 is a holding company for several subsidiaries, many closely related to military supplies and services. it consists of the following companies: * Windhoeker Maschinenfabrik, Namibia's only arms manufacturer * Sat-Com, telecommunication enterprise for the military * August 26 Manufacturing, amalgamation of the former ''August 26 textiles and garment factory'', manufacturing of uniforms and personal protective equipment, and ''August 26 Industries'', manufacturing footwear * Agro-Tour Developme ...
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Windhoek
Windhoek (; ; ) is the capital and largest city of Namibia. It is located in central Namibia in the Khomas Highland plateau area, at around above sea level, almost exactly at the country's geographical centre. The population of Windhoek, which was 486,169 in 2023, is constantly growing due to a continued migration from other regions in Namibia. Windhoek is the social, economic, political, and cultural centre of the country. Nearly every Namibian national enterprise, governmental body, educational and cultural institution is headquartered there. The city developed at the site of a permanent hot spring known to the local pastoral tribes. It developed rapidly after Jonker Afrikaner, Tribal chief, Captain of the Orlam, settled there in 1840 and built a stone church for his community. In the decades following, multiple wars and armed hostilities resulted in the neglect and destruction of the new settlement. Windhoek was founded a second time in 1890 by Imperial German Army Major Cu ...
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List Of State-owned Enterprises In Namibia
there were a total of 97 state-owned enterprises, also called public enterprises, in Namibia. 18 of the public enterprises are profit-driven and fall under the Ministry of Public Enterprises established in March 2015. Leon Jooste heads this ministry. The other state-owned commercial entities are mainly active in education, media, and transport. They execute state functions and fall under their respective line ministries. Some of the state-owned enterprises in Namibia are: Former state-owned enterprises The following companies were state-owned, and have been dissolved: References {{DEFAULTSORT:State-owned enterprises in Namibia Companies State-owned enterprises State-owned Namibia Namibia, officially the Republic of Namibia, is a country on the west coast of Southern Africa. Its borders include the Atlantic Ocean to the west, Angola and Zambia to the north, Botswana to the east and South Africa to the south; in the no ...
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Namibia
Namibia, officially the Republic of Namibia, is a country on the west coast of Southern Africa. Its borders include the Atlantic Ocean to the west, Angola and Zambia to the north, Botswana to the east and South Africa to the south; in the northeast, approximating a quadripoint, Zimbabwe lies less than 200 metres (660 feet) away along the Zambezi, Zambezi River near Kazungula, Zambia. Namibia's capital and largest city is Windhoek. Namibia is the driest country in sub-Saharan Africa, and has been inhabited since prehistoric times by the Khoekhoe, Khoi, San people, San, Damara people, Damara and Nama people. Around the 14th century, immigration, immigrating Bantu peoples arrived as part of the Bantu expansion. From 1600 the Ovambo people#History, Ovambo formed kingdoms, such as Ondonga and Oukwanyama. In 1884, the German Empire established rule over most of the territory, forming a colony known as German South West Africa. Between 1904 and 1908, German troops waged a punitive ...
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Namibian Defence Force
The Namibian Defence Force (NDF) comprises the national military forces of Namibia. It was created when the country, then known as South West Africa, gained independence from apartheid South Africa in 1990. Chapter 15 of the Constitution of Namibia establishes the NDF and defines its role and purpose as, ''" ... to defend the territory and national interests of Namibia"''. Namibia's military was born from the integration of the formerly belligerent People's Liberation Army of Namibia (PLAN), military wing of the South West African People's Organization, and the South West African Territorial Force (SWATF) – a security arm of the former South African administration. The British formulated the force integration plan and began training the NDF, which consisted of five battalions and a small headquarters element. The United Nations Transitional Assistance Group (UNTAG)'s Kenyan infantry battalion remained in Namibia for three months after independence to assist in training the ND ...
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Ministry Of Defence (Namibia)
The Ministry of Defence and Veteran Affairs (MODVA) is the government department responsible for the administration of military affairs and veterans affairs in Namibia. It was established as Ministry of Defence (MOD) at Namibian independence in 1990. In 2020 the portfolio of veteran affairs was added to defence after the Ministry of Veteran Affairs had been dissolved in 2015. The first Namibian defence minister was Peter Mweshihange, the Minister of Defence and Veteran Affairs is Frans Kapofi. Apart from formulating Namibia's defence policies the Ministry of Defence is the headquarters for the Namibian Defence Force (NDF). The NDF owns August 26 Group, a holding company for a number of commercial entities related to the military, among them Namibia's only arms manufacturer Windhoeker Maschinenfabrik. The political leader of MODVA is the minister while the accounting officer is the executive director (ED), deputised by a deputy executive director. The deputy ED heads the De ...
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Holding Company
A holding company is a company whose primary business is holding a controlling interest in the Security (finance), securities of other companies. A holding company usually does not produce goods or services itself. Its purpose is to own Share capital, stock of other companies to create a corporate group. In some jurisdictions around the world, holding companies are called parent companies, which, besides holding Share capital, stock in other companies, can conduct trade and other business activities themselves. Holding companies reduce risk for the shareholders, and can permit the ownership and control of a number of different companies. ''The New York Times'' uses the term ''parent holding company''. Holding companies can be subsidiaries in a Subsidiary#Tiered subsidiaries, tiered structure. Holding companies are also created to hold assets such as intellectual property or trade secrets, that are protected from the operating company. That creates a smaller risk when it comes ...
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Windhoeker Maschinenfabrik
Windhoeker Maschinenfabrik (WMF) is a Namibian defense contractor located in Windhoek, Namibia. It is operated as a subsidiary of the Namibian Defence Force (NDF). WMF designs and manufactures monocoque V-hull armoured combat vehicles. WMF is responsible for the armoured bodywork fabrication while engines, transmissions and axles are built by MAN. History Windhoeker Maschinenfabrik was founded in 1939. It later provided equipment for the South African Defence Force and South West African Territorial Force. In 1977, WMF began manufacturing Mine Protected Vehicles. In 1998, WMF was nationalised by the Government of Namibia. The company functions as a subsidiary of Namibian Defence Force and is part of the August 26 Group of companies. Retired Major General Ben Kadhila is the current Managing Director of WMF. Products and services WMF performs the following services: * armouring of plant and construction machinery * Refurbishing of other armoured vehicles such as the Casspir. ...
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Personal Protective Equipment
Personal protective equipment (PPE) is protective clothing, helmets, goggles, or other garments or equipment designed to protect the wearer's body from injury or infection. The hazards addressed by protective equipment include physical, electrical, heat, chemical, biohazards, and airborne particulate matter. Protective equipment may be worn for job-related occupational safety and health purposes, as well as for sports and other recreational activities. ''Protective clothing'' is applied to traditional categories of clothing, and ''protective gear'' applies to items such as pads, guards, shields, or masks, and others. PPE suits can be similar in appearance to a cleanroom suit. The purpose of personal protective equipment is to reduce employee exposure to hazards when engineering controls and administrative controls are not feasible or effective to reduce these risks to acceptable levels. PPE is needed when there are hazards present. PPE has the serious limitation that it d ...
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Kavango West Region
Kavango West is one of the fourteen regions of Namibia. Its capital and only self-governed settlement is Nkurenkuru, its governor is Sirkka Ausiku. The Region was created in 2013 when the Kavango Region was split into Kavango East and Kavango West. In the north, Kavango West borders the Cuando Cubango Province of Angola. Domestically, it borders the regions of Kavango East to the east, Otjozondjupa to the south, Oshikoto to the west and Ohangwena to the northwest. Because of its rather high rainfall compared to most other parts of Namibia and its location on the Kavango River after which it was named, this region has agricultural potential for the cultivation of a variety of crops, as well as for organised forestry and agro-forestry, which stimulates furniture making and related industries. Kavango West and its sister region Kavango East are nevertheless the poorest regions in Namibia. Politics The Fourth Delimitation Commission of Namibia, responsible for recommending on the co ...
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Swakopmund
Swakopmund ("Mouth of the Swakop River, Swakop") is a city on the coast of western Namibia, west of the Namibian capital Windhoek via the B2 road (Namibia), B2 main road. It is the capital of the Erongo Region, Erongo administrative district. It has 75,921 inhabitants. The city is situated at the edge of the Namib Desert and is the fourth largest population centre in Namibia. Swakopmund is a popular beach resort and characterized by 19th century German colonial architecture. The city was founded in 1892 as the main harbour for German South West Africa. Buildings in the city include the Altes Gefängnis, Swakopmund, Altes Gefängnis, a prison designed by Heinrich Bause in 1909. The Woermannhaus, built in 1906 with a prominent tower (Damara tower), is now a public library. Attractions in Swakopmund include the Swakopmund Museum, the National Marine Aquarium of Namibia, the Crystal Gallery. Activities like quad biking, camel rides, sky diving, paragliding, and desert day trips ...
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Financial Audit
A financial audit is conducted to provide an opinion whether "financial statements" (the information is verified to the extent of reasonable assurance granted) are stated in accordance with specified criteria. Normally, the criteria are international accounting standards, although auditors may conduct audits of financial statements prepared using the cash basis or some other basis of accounting appropriate for the organization. In providing an opinion whether financial statements are fairly stated in accordance with accounting standards, the auditor gathers evidence to determine whether the statements contain material errors or other misstatements.Arens, Elder, Beasley; Auditing and Assurance Services; 14th Edition; Prentice Hall; 2012 Overview The audit opinion is intended to provide reasonable assurance, but not absolute assurance, that the financial statements are presented fairly, in all material respects, and/or give a true and fair view in accordance with the financial rep ...
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The Namibian
''The Namibian'' is the largest daily newspaper in Namibia. It is published in English and Oshiwambo. History The newspaper was established in 1985 by journalist Gwen Lister as a weekly newspaper reliant on support of donors, which aimed to promote Namibian independence from South Africa. Its first edition appeared on 30 August of that year with a print run of 10,000. ''The Namibian'' became a daily newspaper on 1 April 1989. It is owned by the private trust Free Press of Namibia, managed by its founding editor. On the 15th anniversary of its foundation, United Nations Secretary-General Kofi Annan praised the newspaper: "''The Namibian'' worked courageously in difficult and often dangerous conditions. Since then, it has contributed immeasurably to press freedom and nation-building in Namibia. Throughout, it has maintained its integrity and independent stance." Relations to government Prior to Namibian independence The newspaper exposed human rights violations by South Af ...
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