Operational profit for the full year climbed 21.1% to US$53.46 million while gross profit rose 19.7% to US$79.65 million.
The new plant will have a total production capacity of 90 tons per hour, divided into two poultry feed lines (60 TPH) and one ruminant feed line (30 TPH).
The plant will increase daily wheat milling capacity from 200 tonnes to 300 tonnes and achieve a notable 90% capacity utilization.
Per capita rice consumption now stands at 84 kg, up from 58 kg two decades ago, driven by urbanization, dietary changes, and rising rural market connectivity.
The two companies, which collectively control approximately 74% of Namibia’s poultry market, are alleged to have withheld access to tertiary poultry products.