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La décarbonation de l’acier en passe de redéfinir les chaînes d’approvisionnement d’ici à 2050

Selon un rapport de Wood Mackenzie, de nouveaux complexes métalliques verront le jour à mesure que l’industrie sidérurgique accélérera ses efforts de réduction des émissions de carbone

LONDRES, HOUSTON et SINGAPOUR, 19 oct. 2023 (GLOBE NEWSWIRE) — Selon le dernier rapport Horizons de Wood Mackenzie, l’industrie sidérurgique devrait subir une transformation significative qui accompagnera l’accélération des efforts de décarbonation. Le rapport ayant pour titre Metalmorphosis : comment la décarbonation transforme l’industrie sidérurgique, met en évidence l’émergence de nouveaux complexes métalliques, la survenue d’une nouvelle forme de production de l’acier ainsi que de nouveaux modèles du commerce mondial.

Selon le dernier rapport de Wood Mackenzie, la technologie du four à arc électrique (EAF), l’utilisation accrue de matières premières écologiques et l’évolution des politiques en matière de carbone joueront un rôle crucial dans cette transformation. La production par EAF à faible intensité de carbone représente 28 % de la production mondiale d’acier et devrait atteindre 50 % d’ici à 2050. Un investissement de 130 milliards de dollars US sera nécessaire pour atteindre cet objectif.

Cette évolution vers un acier à moindre intensité de carbone entraînera une demande de matières premières plus écologiques, telles que le fer à réduction directe (DRI) et d’une ferraille de qualité supérieure. Wood Mackenzie prévoit que la proportion de ces matières premières dans la demande totale de métaux passera de 36 % à 54 % d’ici à 2050, ce qui entraînera la création de nouveaux complexes de production, de traitement et de négociation pour le fer et la ferraille à faible teneur en carbone.

L’augmentation des volumes de production de fer DRI et la croissance des échanges vont créer des opportunités tant en termes d’investissement que de revenus sur la chaîne de valeur prise dans son ensemble. Wood Mackenzie prévoit un doublement de la capacité de fer DRI d’ici 30 ans, ce qui nécessiterait un investissement estimé à 80 milliards de dollars. Cette projection ne prend pas en considération les investissements potentiels en direction de l’hydrogène vert, des fonderies de fer DRI à faible teneur, des plateformes de granulés et du transport maritime.

Wood Mackenzie indique que l’emplacement des nouveaux complexes verts de fer à réduction directe (DRI) sera déterminé en fonction de leur proximité avec la production d’hydrogène à faible teneur en carbone. Ce point se révèle particulièrement important compte tenu des incertitudes qui entourent le transport et le stockage de l’hydrogène commercialisé. Le Moyen-Orient et l’Australie sont bien positionnés pour tirer parti de cette opportunité, et le nombre de projets dans ces régions est en augmentation.

La qualité primera sur la quantité à mesure que le coût de l’acier à faible teneur en carbone augmentera. Sur les marchés où les prix du carbone sont élevés, l’importation de DRI vert pour fabriquer de l’acier à faible teneur en carbone à l’aide de fours à arc électrique deviendra plus avantageuse que l’importation d’acier fini provenant de producteurs à forte intensité d’émissions tels que la Chine et l’Inde.

La décarbonation de l’industrie sidérurgique, qui représente actuellement environ 8 % des émissions mondiales de carbone, est un objectif ambitieux mais réalisable. Grâce à des niveaux d’investissement et des politiques de soutien adéquats, cette transformation a le pouvoir de redéfinir les schémas commerciaux et la chaîne de valeur.

Remarque :
pour plus d’informations, nous vous invitons à cliquer ici. Pour obtenir le rapport et organiser une rencontre avec les auteurs, nous vous invitons à contacter l’équipe des relations avec les médias de Wood Mackenzie.

À propos de Wood Mackenzie
Wood Mackenzie est le spécialiste mondial des énergies renouvelables, de l’énergie et des ressources naturelles. Les données sont notre force. Mise en œuvre par les hommes et les femmes. En pleine révolution énergétique, les entreprises et les gouvernements ont besoin d’informations fiables et exploitables pour mener à bien la transition vers un avenir durable. C’est pourquoi nous intervenons sur l’ensemble de la chaîne d’approvisionnement avec une ampleur et une profondeur inégalées, grâce à plus de 50 ans d’expérience dans le domaine des ressources naturelles.

Contacts :
Hla Myat Mon
Direction des RP – APAC
hla.myatmon@woodmac.com

GlobeNewswire Distribution ID 1000865009

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Africa GLOBE-NEWSWIRE Other Language Press Releases South Africa

A descarbonização do aço redefinirá as cadeias de suprimentos até 2050

O relatório da Wood Mackenzie afirma que novos centros metálicos emergirão à medida que a indústria siderúrgica acelera os esforços de redução de carbono

LONDRES, HOUSTON e SINGAPURA, Oct. 19, 2023 (GLOBE NEWSWIRE) — De acordo com o último relatório Horizons da Wood Mackenzie, a indústria siderúrgica deverá passar por uma transformação significativa, à medida que os esforços para a descarbonização aceleram. Intitulado Metalmorfose: como a descarbonização está transformando a indústria do ferro e do aço, o relatório destaca o surgimento de novos centros metálicos e a reformulação da produção de aço e dos padrões de comércio globais.

O último relatório da Wood Mackenzie diz que a tecnologia do forno elétrico a arco (FEA), o aumento do uso de matérias-primas verdes e as políticas de carbono em evolução desempenharão um papel fundamental nesta transformação. A produção intensiva de FEA com baixas emissões de carbono representa 28% da produção global de aço, com previsão de aumentar para 50% até 2050. Um investimento de US$ 130 bilhões será necessário para alcançar esta meta.

A transição para a produção de aço menos intensiva em carbono irá direcionar a demanda por matérias-primas mais ecológicas, como o ferro-esponja (DRI) e a sucata de alta qualidade. A Wood Mackenzie prevê que a porção destas matérias-primas na demanda de metais totais aumentará de 36% até 54% até 2050, levando à criação de novos centros de produção, processamento e comércio de ferro e sucata com baixa emissão de carbono.

O aumento da produção e do comércio de DRI criará investimentos e oportunidades de geração de receita ao longo da cadeia de valor. A Wood Mackenzie prevê uma duplicação da capacidade de DRI dentro de 30 anos, o que requer um investimento estimado de US$ 80 bilhões. Esta projeção não inclui investimentos potenciais em hidrogênio verde, fundições para DRI de baixa qualidade, centros de pelotas e transporte.

A Wood Mackenzie indica que a localização de novos centros verdes de Ferro de Redução Direta (DRI) será determinada com base em sua proximidade à produção de hidrogênio de baixo carbono. Isso é particularmente importante, considerando as incertezas que envolvem o transporte e o armazenamento de hidrogênio comercializado. O Oriente Médio e a Austrália estão bem posicionados para se beneficiarem desta oportunidade, e o número de projetos nestas regiões está aumentando.

A qualidade prevalecerá sobre a quantidade, à medida que o custo do aço com baixo teor de carbono aumenta. Em mercados com altos preços de carbono, importar DRI verde para fabricar aço com baixo teor de carbono utilizando FEAs se tornará mais vantajoso do que importar aço acabado de produtores com altas emissões, como a China e a Índia.

Descarbonizar a indústria de ferro e aço, que atualmente é responsável por aproximadamente 8% das emissões globais de carbono, é uma meta desafiadora, mas alcançável. Com os níveis corretos de investimento e políticas de apoio, esta transformação pode redefinir os padrões de comércio e a cadeia de valor.

Notas do editor:
Leia mais informações aqui. Para solicitar o relatório e agendar uma entrevista com os autores, entre em contato com a equipe de assessoria de imprensa da Wood Mackenzie.

Sobre a Wood Mackenzie
A Wood Mackenzie é a consultoria de visão global para energias renováveis, energia e recursos naturais. Orientada por dados. Movida por pessoas. No meio de uma revolução energética, as empresas e os governos necessitam de visões confiáveis e viáveis para liderar a transição para um futuro sustentável. É por isso que cobrimos a cadeia de suprimentos completa com amplitude e profundidade sem precedentes, apoiados por uma experiência de mais de 50 anos em recursos naturais.

Contatos:
Hla Myat Mon
Gerente de RP – APAC
hla.myatmon@woodmac.com

GlobeNewswire Distribution ID 1000865009

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FEC approves concession of Ijora central workshop – ICRC

The Federal Executive Council (FEC) has approved the concession of the Central Workshop Ijora, Lagos State, for rehabilitation and optimal operation.

The concession will be operated under the regulatory guidance of the Infrastructure Concession Regulatory Commission (ICRC).

This is contained in a statement signed by Manji Yarling ICRC’s Head of Media and Publicity in Abuja on Thursday.

Yarling said this was the First Public Private Partnership (PPP) project to be approved under the new administration of President Bola Ahmed Tinubu.

According to her, the concession which will adopt a Rehabilitate-Operate-Maintain-Transfer PPP model, seeks to upgrade the central workshop to ensure its functions are realised.

Yarling said the Federal Ministry of Works was the grantor.

“The project, which is an unsolicited project (Privately Initiated Infrastructure Proposals – PIIP) by Beta Transport Nigeria Limited, is expected to generate N28.1 billion within a 20-year concession period.

She said the central workshop, Ijora, Lagos (“CWI”) was an appendage of the defunct Public Works Department (PWD).

“The PWD was the agency of the Colonial Government responsible for building and maintaining government buildings and property, roads, rail tracks, bridges, harbours, and aerodromes.

“During the colonial era, the workshop was used for the maintenance of vehicles, sewage treatment plants, and water supply equipment.

“It also provided technical advice to other departments in the Colony. Presently, the workshop is not operating optimally hence, the need to engage private sector participation.”

Yarling said with the approval by FEC, the concessionaire would ensure that productive and professional work would be carried out in the workshop.

“This will be in line with standard guidelines and operating procedures via the provision of modern equipment.”

She said the concessionaire would also ensure that the workshop ran at the highest standard of operational excellence and restore the past reputation of engineering productivity and excellence.

“The activities of BETA will complement the mandate of the Engineering Services Department of the Federal Ministry of Works for the fabrication of mechanical tools, products, poles, and foundry items amongst others. ”

Yarling said the rehabilitation of the workshop would also provide repair services to most of the run-down trucks and vehicles which would have otherwise been left parked on the roadsides

“This will in turn decongest the roads in this area.’’

Source: News Agency of Nigeria

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Board chairman urges Niger residents to embrace health insurance scheme

The Chairman, Niger State Board of Internal Revenue Service, Mr Mohammed Etsu, has called on residents especially persons in the informal sector to key into the state’s health insurance scheme.

He made the call during a joint meeting with the Niger State Social Insurance Health Care on the Integration of Tax for Service in Minna on Thursday.

Etsu said that the board was collaborating with the Niger State Contributory Health Agency (NSGCHA) to bring people from the informal sector to enroll in the state health insurance scheme, NiCARE.

“We are supporting the agency to get people from the informal sector to key into the health insurance scheme to achieve the objective for the establishment of the agency.

“This is because as a board, we have been able to win the confidence of the informal sector toward revenue generation and registrations,” he said.

He said the board would ensure that persons on its platform keyed into the scheme especially members of the transport unions from the informal sector.

Hajiya Habiba Umaru, Head of the Informal Sector, NSGCHA, said residents were expected to pay N7,200 per annum to enroll for the scheme.

She said the enrollees would be issued with identification cards to start accessing care from any private and public health facility registered with the scheme.

“This health insurance scheme is cheaper and more convenient as it helps to reduce medical expenditure amidst the harsh economic reality in the country,” she said.

Umaru said that the N7,200 covers treatments such as malaria, antenatal care, typhoid, deliveries, road accident, snake bite, sickle cell anemia, cesarean section, appendix, x-ray, blood group and hernia.

Hajiya Ladidi Kuta, the Commissioner for Transport in Niger, advised members of the unions in the transport sector to key into the scheme and pledged to enroll members of road traffic vanguard for free.

Also, Malam Musa Isiaku, National Vice Chairman of Almalgamated Commercial Motorcycle Riders Owners Association of Nigeria (ACOMORAN), promised to mobilise their members to enroll in the scheme.

The News Agency of Nigeria (NAN) reports that NiCARE is a healthcare financing reform (Social Health Insurance Scheme) which operates on the principles of harmony, risk- sharing and polling of resources for the provision of affordable, accessible and qualitative healthcare to the workforce and residents alike on a sustainable basis.

Source: News Agency of Nigeria

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Tanzania Envoy says President Tinubu capable of reforming tourism sector

Dr Benson Bana, Tanzanian High Commissioner to Nigeria, on Thursday said that President Bola Tinubu’s administration would bring about improved transformation in the tourism and culture sector in Nigeria.

Bana expressed confidence in the new administration when he paid an appreciation visit to Goge Africa in Lagos as he rounds off his diplomatic mission in Nigeria.

“I believe President Tinubu has the vision and objectives to deliver in the area of tourism, appointing ministers to champion the course of the industries.

“Nigeria is our role model and big brother. If Nigeria makes good policies and decisions to champion the growth of tourism, other African nations will learn and improve as well,” he said.

Bana appreciated Goge Africa for the support and cooperation he had enjoyed in the course of his tenure in Nigeria.

He recalled that when he was posted to Nigeria four years ago, Goge Africa was his first point of call.

“When I came to Nigeria to champion the course for economic diplomacy, Goge Africa was my first stop, so, I have come to appreciate Isaac and Nneka for the support enjoyed so far.

“The relationship enabled me to facilitate cooperation and collaboration between Goge Africa and the entities in Tanzania who specialise in tourism.

“We have made it possible for Nigerians to explore the flora and fauna beauty that Tanzania has to offer.

“We are happy that Goge Africa has been a good friend in terms of championing the cause of tourism, educating people on the tourism potential in Tanzania.

“Tanzania is the home of Kilimanjaro, Serengeti, Ngorongoro and the beautiful white beaches of Zanzibar,” he said.

Bana, who described the relationship between Nigeria and Tanzania as a great one, pledged to further foster the relationship going forward.

He said in the course of his tenure, he was able to upscale cultural diplomacy between Nigeria and Tanzania.

He said the Tanzanian national language, “Swahili”, has gained prominence in Nigeria with different forms of collaboration established to teach Nigerians.

“Swahili has found its way into Nigeria, there is an agreement between the University of Port Harcourt in Rivers State and Balsam University in Tanzania to teach Swahili in Nigeria.

“Also, such agreement exists with University of Ibadan and University of Abuja. We have also developed cooperation between the Tanzanian Broadcasting Corporation and Voice of Nigeria (VON). They are now broadcasting in Swahili language.

“And at the moment, we are teaching about 27 members of staff of VON Swahili language to help them enhance their capacity,” he said.

In her response, Mrs Nneka Isaac-Moses, Managing Director, Goge Africa, said: “We appreciate Dr Bana for his invaluable contributions to the growth of tourism and culture in Africa.

“His dedication has played a crucial role in strengthening the cultural, political and economic ties between our nations, as well as various stakeholders in the tourism industry.”

Source: News Agency of Nigeria

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Stakeholders advocate community inclusiveness to reduce marine plastic pollution

Stakeholders on Thursday in Abuja advocated for more community inclusiveness in reducing the menace of marine plastic pollution in the country.

They made the call at a Stakeholders’ Engagement meeting with the theme “Reducing Marine Plastic Pollution Through Recycling”.

The News Agency of Nigeria (NAN) reports that the programme was organised by Initiative for the Advancement of Waste Management in Africa (W.A.S.T.E Africa) and sponsored by the Global Environment Facility Small Grants Programme (GEF SGP), and United Nations Development Programme (UNDP).

Ms Juliet Odhikori Programme Director, WASTE Africa, in her address said the programme was aimed at empowering women and others who are engaged in the recycling process.

Odhikori said the idea is to reduce marine pollution entering into rivers around Lugbe area of Abuja.

She said that the group has been to Lugbe and Gwagwalada areas and established nine clusters.

Also, Mrs Ibironke Olubamise

National Coordinator, Global Environment Facility Small Grants Programme said plastic waste is a menace globally.

Olubamise said that plastic pollution in the country also leaks into international waters, hence the involvement of the UNDP in building capacity of stakeholders.

She lauded WASTE Africa for impacting on local community women which is one of the objectives of GEFSGP.

Speaking also, Mr Olusegun Olusa, Director Environmental Services, Satellite Town Development Department, Federal Capital Development Authority, called for greater community inclusiveness in plastic pollution management.

Olusa called for stricter enforcement of laws to deter defaulters.

While commending WASTE Africa, Yunusa Bako, the Hakimi of Karamajiji said the project has helped to make his community cleaner, while empowering the local women.

The purpose of the engagement is to review the project’s progress and deliberate on measures to improve its sustainability and effective waste management and collection in the areas.

NAN further reports that the project seeks to reduce plastic pollution in water bodies around Abuja, which is undergoing a fast pace of urbanisation and is struggling to adequately meet its waste management needs.

The target water bodies are the Wupa and Usuma Rivers in Lugbe and Gwagwalada areas.

The project is set to empower 500 women recyclers, over 100 local waste pickers, and 15 waste aggregators.

The monthly collection target is 52 tonnes of plastics, with a total of 468 tonnes in nine months.

According to National Geographic, 8 million tonnes of plastic enter the ocean each year and is estimated to increase between 23 to 27 million tonnes by 2040.

With 2.5 million tonnes of plastic waste annually, Nigeria is the 9th largest contributor of marine litter in the world and among the top African countries contributing to marine debris and mismanaged plastic flowing into the Gulf of Guinea.

Source: News Agency of Nigeria

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Eke emerges chairman IoDCCG

The Institute of Directors Centre for Corporate Governance (IoDCCG) has appointed Mr Urum Eke as its Chairman of the Board of Governors.

This is contained in a statement by Mr Nerus Ekezie, the acting Chief Executive Officer of the centre, on Thursday in Lagos.

The statement said Eke’s appointment followed the retirement of Alhaji Shuaibu Idris, who served for the past two years.

The News Agency of Nigeria (NAN) reports that IoDCCG is a collaborative project of the Chartered Institute of Directors Nigeria, the Securities and Exchange Commission and the Corporate Affairs Commission.

The statement explained that the new chairman would steer the ship of the leading corporate governance centre and take charge of its affairs for the next two years.

It said Eke’s emergence was poised to help the centre build on the cherished legacies of the founding fathers and to consolidate on the gains of previous years to reposition the Centre as a key governance watchdog in Nigeria.

It described Eke as a renowned professional and astute boardroom executive with over four decades of experience in financial services, banking, strategy, auditing, consulting, taxation, process re-engineering, and capital market operations.

The statement noted that Eke worked at FBN Holdings Plc and its subsidiaries for more than 10 years where he held strategic and leadership positions.

“In 2017, he was appointed to the board of the Nigeria Sovereign Investment Authority (Sovereign Wealth Fund) and served until 2021.

“Currently, he is the Executive Chairman of FAIRCHILD GROUP comprising Fairchild Capital Ltd., Fairchild Base Investment Ltd., Fairchild Laboratories Ltd., Fairchild Ventures Ltd., and Hudiya + Esther Consulting Services.

“Eke makes a contribution to societal development through philanthropist and mentoring gestures.

“In recognition of his many contributions to the development of our world, he was awarded the covetous Zik Prize in Professional Leadership (2021) and Nigeria’s National Honour of Member of the Order of the Federal Republic.

“The centre will no doubt gain immensely from his expertise, vast professional knowledge, wealth of experiences and valuable contacts,” it said.

Source: News Agency of Nigeria

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Ongwediva Medipark to host 11th annual cancer campaign on Saturday

OSHAKATI: The Ongwediva Medipark will host its 11th annual breast, cervical and prostate cancer awareness campaign on Saturday to increase awareness on the potential risks associated with these cancers.

Hospital Manager Sakeus Kamati in an interview with Nampa on Thursday said the campaign will commence with a Cancer Run/Walk and a Continuing Professional Development (CPD) presentation.

He explained that cancer is a devastating disease that affects millions of people worldwide, and its physical, emotional, and financial toll on patients and their families is immense.

“At Ongwediva Medipark, we are committed to improving the lives of cancer patients through various initiatives, including awareness programs, educational resources, patient support services, and fundraising activities,” he said.

He added that this year’s cancer campaign will be a comprehensive effort to raise awareness about cancer prevention, early detection, and treatment options.

According to Kamati, three state patients with cancer related symptoms have been identified for further management.

Moreover, he said that the campaign will feature a series of events and activities educational seminars (CPD), survivor testimonials, and fundraising drives.

Since the first campaign on 01 November 2013, more than 5000 women and men have been screened , he said, noting that during last year’s campaign, five patients were found to have abnormal cells, and were all treated and their treatments are ongoing.

Former First Lady and their Patron Penehupifo Pohamba will officiate at the event.

Source: NAMPA

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Singalamwe Police Post inaugurated

KATIMA MULILO: Home Affairs, Immigration, Safety and Security Minister, Dr. Albert Kawana inaugurated the Singalamwe Post in the Kongola Constituency of the Zambezi Region on Thursday.

The over N.dollars 34 million facility consists of a charge office with three offices, a record room, radio room, kitchenette, a two-bedroom house, 2×20-room barracks, kitchen/dining, staff entertainment area, sewer, water and electrical reticulation lines, drilling of one borehole and access roads and parking space.

In his remarks, Kawana said the inauguration of the police post is a clear indication of government’s commitment to its resolution of ensuring effective and efficient service delivery to the public and to improving the livelihood of members of the Force, despite economic challenges.

The police post, he said will bring policing services closer to the people of Zambezi region and visitors alike.

“The inauguration of this facility will ensure that policing services such as crime prevention, investigation of any offense or alleged offense and maintenance of law and order are brought closer to the people,” the minister said.

Kawana further warned those who are planning for secessionism, that nobody will have the power to separate the Zambezi region from Namibia and emphasized that the Kamenga area in Singalamwe bears a significant purpose as it served as a battle field for the liberation of the country since August 1968.

“The massacre of Singalamwe will not be forgotten, those who fought at Kamenga included many brave sons across Namibia.” Kawana stated.

Also speaking at the inauguration, Namibian Police Force (NamPol) Inspector-General, Liteunant General Joseph Shikongo noted that the police post will bring policing services closer to the people, making law enforcement more accessible and responsive.

Previously, the inhabitants of Singalamwe had to travel to Kongola police station to access policing services, which is over 20 kilometers away.

The new police post was also allocated a new Toyota Land Cruiser 4×4.

Source: NAMPA

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Cheetah cement reaches new wage agreement with employees

OTJIWARONGO: Whale Rock Cement, trading as Cheetah Cement Factory on Friday announced a wage agreement deal it signed with its employees at the factory situated outside Otjiwarongo in the Otjozondjupa Region.

The cement factory in a media statement on Friday indicated that during the negotiations the employees were represented by the Mineworkers Union of Namibia (MUN) and a salary increase of six per cent across the board for the financial years of 2023/2024 as well as for 2025 effective from 01 July 2023, was signed.

“The negotiations between the Whale Rock Cement and MUN started in May 2023 and were reached between the two parties on 17 October 2023 at the cement factory at Otjiwarongo,” said the statement.

The workers also received an increase in their daily food allowance of N.dollars 50 from N.dollars 30, it added.

Workers’ housing allowances were also increased in the new wage deal from N.dollars 1 000 to N.dollars 1 120, and all the benefits are effected from 01 July 2023 with backdated payments to employees starting from July this year, it said.

Cheetah Cement has a total of 150 workers at its factory situated approximately six kilometres north of Otjiwarongo.

Source: NAMPA

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Letshego Namibia named best locally listed company

WINDHOEK: Letshego Holdings Namibia was named the 2023 Best Locally Listed Company at the renowned Namibia Top Company Awards ceremony, held in the capital on Thursday.

The annual awards ceremony, organised by Cirrus Capital and judged by an independent panel, attempts to acknowledge Namibian firms’ extraordinary achievement.

Ester Kali, the Executive Officer of Letshego Holdings Namibia, in her remarks underlined that the award demonstrates the financial company’s continuous dedication to exceptional corporate governance and sustainable growth in its day-to-day operations, all while providing social and economic benefits to more Namibians.

Letshego produced amazing success, according to Kali, despite economic constraints such as rising interest rates, reduced affordability, and more competition in loan rates during the 2022 Fiscal Year.

Profit after tax increased by 16 per cent, while deposits increased from N.dollars 386 million in 2021 to N.dollars 536 million in 2022, according to her.

She stated that the company distributed a final dividend of 44.89 cents per share on 15 June 2023, establishing a remarkable dividend yield of 18.7 per cent, the highest among NSX local tickers.

‘’Dedicated efforts, innovation, and the diversification of the product portfolio drove this success. Over the last two years, Letshego Namibia has extended its services beyond government employees. The Group broadened its loan offerings and introduced low-cost transactional bank accounts and high-yield savings products, resulting in impressive growth and increased shareholder value,’’ she said.

Kali further noted that The Best Locally Listed Company category spun around three fundamental assessment criteria; return, growth, and investor relations management, noting that the return accounted for 60 per cent of the overall assessment, including share price appreciation, dividend yield, net profit to market capitalisation, and return on equity.

‘’Growth contributed 20 per cent to the overall score, considering revenue and profit growth. Investor relations made up the remaining 20 per cent and was supported by a survey assessing interactions, the quality of information distributed to stakeholders, and integrated reporting, all independently conducted by Cirrus,’’ she said.

These stringent criteria and meticulous evaluation process underscored Letshego Namibia’s exceptional performance and unwavering commitment to upholding the highest standards of corporate governance, said Kali.

Source: NAMPA

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Underdogs Civics FC aims to win against Blue Waters FC

WINDHOEK: Civics Football Club (FC) Head Coach, Jeremy Zimmer, emphasised the importance of planning accordingly ahead of their Premier League home match against Blue Waters Sports Club on Saturday at the University of Namibia (UNAM) sports stadium.

Civics FC occupy 13th place in the Debmarine Namibia Premiership log standings with one win and hope to get a victory against Blue Waters FC, who are sixth on the log standings.

Zimmer told Nampa on Friday that preparing is crucial given that Civics is not in a strong position in the log table and will need to improve.

‘We have to win to get out of that position that we are in. It will not be a comfortable nor easy game, but the team needs to build momentum and win to move up the Premier League log standings,’ Zimmer said.

Meanwhile Blue Waters FC Head Coach Lucky Shipanga described the weekend as important for the team since they will be playing to narrow the gap in the top four, saying his team will be aiming for maximum points to improve their log status.

“We are going there with our team spirit and accumulate maximum points,” Shipanga said.

Shipanga further advised his team players to be humble and approach each game one at a time. The players rested well, and Erastus Kulula, who was suspended for receiving a red card, is eager to return.

Blue Waters supporters have full support for the team, and they are the team’s secret and are hoping for Blue Waters to win three points.

Blue Waters FC’s second fixture of the weekend will be against Tigers FC on Sunday at 14h00 at the UNAM stadium.

In addition, Civics will take on Okahandja United FC on Sunday at 16h00 at UNAM stadium.

Source: NAMPA