Tunacor now fully owned by Namibian shareholders

22 Sep 2014 17:00pm
WALVIS BAY, 22 SEP (NAMPA) – Tunacor Fisheries Limited in Walvis Bay on Monday became the first fishing company in Namibia which is wholly owned by Namibian companies.
This follows Pescapuerta, the Spanish group which owned 49 per cent of shares in that company, relinquishing its stake to Namibian company Kaume Group.
The remaining 51 per cent shares are owned by the Tunacor Group (25 per cent) and Beluga Fishing (26 per cent).
Tunacor is one of the oldest fishing companies in Namibia, established around 1958. It employs 1 167 people.
Speaking during the official announcement of the change in ownership here on Monday, Tunacor Group chairperson Andimba Toivo ya Toivo applauded Pescapuerta for the decision to hand over its shares.
“Now that we have ownership of the company, we will continue to make sure that employees have a better future for the benefit of the country,” he said.
On his part, Olavi Hamutumwa from the Kaume Group said “we feel empowered by taking charge of our own natural resources”.
He noted that Kaume is committed to developing the fishing industry for the benefit of all Namibians.
“Natural resources belong to all Namibians, not only those who have ownership, therefore we must make sure everyone benefit,” said Hamutumwa.
The owner of Beluga Fishing, Sidney Martin added that by having Tunacor wholly owned by Namibians, Government has achieved part of Vision 2030.
He used the opportunity to thank President Hifikepunye Pohamba and Minister of Fisheries and Marine Resources Bernhardt Esau for pushing the agenda that Namibians must have shares in fishing companies.
Walvis Bay Mayor Uilika Nambahu advised that the employees and employers must avoid conflict, and work in harmony.
“The new shareholders must keep the same good standard maintained by the previous owners or even make it better,” said the mayor.
Other fishing companies in which Namibian firms have shares but not full ownership are Pescannova and Hangana Seafood.