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MEMBER REPORTS
TRANSNAMIB Rail in Namibia celebrates 125 years of existence in 2020. Rail’s humble beginnings when the first local railway was constructed in 1895 by the Damaraland Guano Company for commercial purposes and has since become a vital player in the transportation industry. TransNamib’s headquarters are located in the capital of Namibia, Windhoek and serves both Namibian and regional markets and has a vast range of commercial depots in all key towns in Namibia. Namibia’s railway lines cover 2,682 kilometres countrywide, and stretch from Nakop in the South, to Oshikango, in the Northern part of Namibia and from the central parts of the country to the coastal towns of Swakopmund, Walvis Bay and Lüderitz. On the eastern and north-eastern side, the railway line stretches up to Gobabis and Grootfontein respectively, providing interconnection to neighbouring countries via the Trans-Zambezi and Trans-Kalahari highways. With the anticipation that industries and economies in the SADC region will continue to grow and eventually exceed the current capacity of our roads
infrastructures, rail is set to play a pivotal role in developing a country’s economy. SUCCESSES During the previous financial period, TransNamib generated revenue of N$517 million which is an 10.5% increase in revenue year on year. Despite the challenge of rolling stock, TransNamib managed to attain its highest percentage increase in revenue in over a decade. The company's performance is well aligned to its strategic objective of reaching break through financial performance by 2023. Freight volumes increased by 8% during the year bringing both revenue and freight to best levels in more than 10 years. TransNamib also received its first unqualified audit in over decade, which is significant for the company as it will open more opportunities for the business from a financing perspective. Other significant achievements were a reduction in monthly operational loss and a re-branding exercise to reenergise the TransNamib brand.
