18 Nov 2017 13:30pm
WALVIS BAY, 17 NOV (NAMPA) The management of Embwinda Fishing company is optimistic that the company has a good future which will contribute to economic emancipation of the country.
This was said by the companys Chief Executive Officer, Jose Reyero at the official launch of the company at Walvis Bay on Thursday in the presence of Minister of Fisheries and Marine Resources Bernhardt Esau was present at the launch.
After bringing together investment partners such as Cadilu, Ompagona, Ekikimbo, Aluta, Semoy, and Namboty to form Embwinda, which are 83 per cent Namibian entities, their operations started in November 2015.
They are confident because they have assets such as six vessels and a land-based processing factory worth N.dollars 200 million.
Productivity has increased tremendously in the last years. We also introduced incentives to our employees who work hard, said Reyero.
Embwinda currently employs 1 035 people, with 1 028 being Namibians and is planning to establish another factory in the next two years where they can employ more people.
We might be young but we have a strong foundation which is significant to the success of any company, said Reyero.
The Chairperson of the Board of Directors for Embwinda, Sara Katiti added the company will continue to contribute to the economic advancement, marine conservation, value addition and corporate social responsibility.
Our message will always remain that these resources should benefit all Namibians, Katiti stated.
Esau applauded the company for having a land-based factory which adds value to the products and employs Namibians.
He said Governments aim is to make sure the natural resources benefit Namibians and all fishing right holders are obliged to do that.
He added that there is no future for right holders who do not make investments to empower citizens and grow the local economy.
We are already assessing the right holders. It will be tough luck for those who do not invest because we will not give them sufficient fishing quotas, Esau said.