Diamonds are Forever: NDTC Makes its People Shine.

AUTHOR: Silpa Kanghono Coordinator:DigitalMarketingandEvents@RDJPublishing

On Tuesday, 23 April 2024, the Namibia Diamond Trading Company (NDTC) hosted an official business performance briefing for its 2023 financial year at The Weinberg Hotel in Windhoek The Chief Executive Officer of NDTC, Mr Brent Eiseb, updated the media on the company's performance billion since its inception

I am pleased to share with you that NDTC has sorted, valued, and marketed in excess of 2.3 million carats during the 2023 financial year.

Other corporate actions in terms of corporate taxes, NDTC paid N$ 84 million for 2023 FY and has paid a total of N$ 1 5 billion since 2007 The company also contributed N$ 197 million in Export Levy for the year, with a total of N$ 953 million paid since the Export Levy Act was enacted in 2017. Furthermore, NDTC contributed N$ 1 05 million to the NTA Training Levy, with a total contribution of N$ 7 1 million to date

As part of the media briefing, NDTC also celebrated the graduates of Dash Diamond and TaTe Diamonds, the two beneficiaries of Enterprise Development Programme (EDP). Launched in November 2022, the EDP is a pioneering initiative designed to increase Namibian participation and ownership within the nation's diamond sector The program aims to develop citizen-owned cutting and polishing businesses outside of the traditional Sightholder programme. By nurturing local talent and businesses, the EDP seeks to empower Namibians and boost the local economy, ensuring a more inclusive and sustainable diamond industry

“These platforms and initiatives continue to demonstrate the importance of creating opportunities for young Namibians to gain access into the diamond value chain. NDTC remains committed to develop thus space even further with the view of supporting a vibrant inclusive downstream jewellery and retail segment in Namibia ” Mr Eiseb added