{"id":45251,"date":"2023-05-21T16:37:50","date_gmt":"2023-05-21T16:37:50","guid":{"rendered":"https:\/\/www.africa-press.net\/namibia\/all-news\/namibias-fastest-growing-companies-2023"},"modified":"2023-05-21T16:50:35","modified_gmt":"2023-05-21T16:50:35","slug":"namibias-fastest-growing-companies-2023","status":"publish","type":"post","link":"https:\/\/www.africa-press.net\/namibia\/all-news\/namibias-fastest-growing-companies-2023","title":{"rendered":"Namibia\u2019s fastest-growing companies 2023"},"content":{"rendered":"

Africa-Press – Namibia. <\/strong><\/span>Grapes packaging and farming company Achill Island Investments Pty Ltd has been named as Namibia\u2019s fastest-growing company of 2023.<\/p>\n

This accolade stems from the compmany achieving a compound annual growth rate of 89% between 2018 and 2021, and it was also announced as such by global statistics company Statista as part of its Namibia\u2019s fastest-growing companies report.<\/p>\n

This report was published in April and looks at how innovative, modern and fast-growing companies are the driving force of the international economy in the 21st century.<\/p>\n

It also looks at how these companies generate jobs and sustain market competitiveness.<\/p>\n

Achill produces, packs, markets and exports table grapes, and has planted 345 hectares of table grapes to date.<\/p>\n

The company has also invested in a date palm development, one of the first of its kind in Namibia, and currently has 110 hectares planted, to be expanded to 280 hectares of date palms in 2024.<\/p>\n

The second fastest-growing company spot was Silverlands Vineyards Pty Ltd, another agricultural company that produces, packs, exports, markets and distributes its grapes and dates.<\/p>\n

The business has 330 hectares of table grapes, and has added a date palm division with 39 hectares currently planted to be expanded to 64 hectares this year.<\/p>\n

In third place is Bonben Assurance Namibia Ltd, a funeral specialist which provides tailor-made funeral products and unique funeral value added benefits.<\/p>\n

Virtua Technologies Pty Ltd took fourth place.<\/p>\n

This company provides innovative information technology management services and support for clients around Africa, such as Namibia, Botswana, Zambia and South Africa.<\/p>\n

These four companies were named by Statista as the fastest growing in the country, having doubled, tripled and even quadrupled their income over the 2018 to 2021 period.<\/p>\n

Achill earned over N$145 million in 2021 from just a N$21 million in 2018, while Silverlands earned N$197 million in 2021, compared to N$47 million in 2018.<\/p>\n

Virtua and Bonben Assurance Namibia Ltd earned below N$100 million, but had reasonable growth in their compound annual growth rate over the said period, at 31% and 33%, respectively.<\/p>\n

Commenting on the results and as publishing partner, the editor of The Namibian, Tangeni Amupadhi, says Namibian businesses experienced a loss of business and revenue over the past two years as a result of the Covid-19 pandemic.<\/p>\n

However, many of them have weathered the economic storm through innovation and resilience.<\/p>\n

\u201cWe look forward to the survey results, and of course to celebrate those companies that have performed well during the period under review,\u201d he says.<\/p>\n

This would be the first time that The Namibian, in partnership with Statista, will seek to identify the Namibian companies with the strongest growth between 2018 and 2021.<\/p>\n

The ranking considered companies which earned revenue of at least N$2 million generated in 2018, and revenue of at least N$27 million generated in 2021.<\/p>\n

For More News And Analysis About Namibia<\/a> Follow Africa-Press<\/a><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"

Africa-Press – Namibia. Grapes packaging and farming company Achill Island Investments Pty Ltd has been named as Namibia\u2019s fastest-growing company of 2023. This accolade stems from the compmany achieving a compound annual growth rate of 89% between 2018 and 2021, and it was also announced as such by global statistics company Statista as part of […]<\/p>\n","protected":false},"author":84,"featured_media":45249,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2,5],"tags":[234,236,233],"class_list":["post-45251","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-all-news","category-economy","tag-africa-press","tag-africa-press-namibia","tag-namibia"],"yoast_head":"\nNamibia\u2019s fastest-growing companies 2023 - Namibia<\/title>\n<meta name=\"description\" content=\"Grapes packaging and farming company Achill Island Investments Pty Ltd has been named as Namibia\u2019s fastest-growing compa ...\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.africa-press.net\/namibia\/all-news\/namibias-fastest-growing-companies-2023\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Namibia\u2019s fastest-growing companies 2023\" \/>\n<meta property=\"og:description\" content=\"Grapes packaging and farming company Achill Island Investments Pty Ltd has been named as Namibia\u2019s fastest-growing compa ...\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.africa-press.net\/namibia\/all-news\/namibias-fastest-growing-companies-2023\" \/>\n<meta property=\"og:site_name\" content=\"Namibia\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/AfricaPressTunisiaa\" \/>\n<meta property=\"article:published_time\" content=\"2023-05-21T16:37:50+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2023-05-21T16:50:35+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/static.africa-press.net\/nambia\/sites\/29\/2023\/05\/sm_1684675166.795855.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"696\" \/>\n\t<meta property=\"og:image:height\" content=\"418\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"cfeditoren\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"cfeditoren\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/www.africa-press.net\/namibia\/all-news\/namibias-fastest-growing-companies-2023#article\",\"isPartOf\":{\"@id\":\"https:\/\/www.africa-press.net\/namibia\/all-news\/namibias-fastest-growing-companies-2023\"},\"author\":{\"name\":\"cfeditoren\",\"@id\":\"https:\/\/www.africa-press.net\/namibia\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb\"},\"headline\":\"Namibia\u2019s fastest-growing companies 2023\",\"datePublished\":\"2023-05-21T16:37:50+00:00\",\"dateModified\":\"2023-05-21T16:50:35+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/www.africa-press.net\/namibia\/all-news\/namibias-fastest-growing-companies-2023\"},\"wordCount\":461,\"commentCount\":0,\"image\":{\"@id\":\"https:\/\/www.africa-press.net\/namibia\/all-news\/namibias-fastest-growing-companies-2023#primaryimage\"},\"thumbnailUrl\":\"https:\/\/static.africa-press.net\/nambia\/sites\/29\/2023\/05\/sm_1684675166.795855.jpg\",\"keywords\":[\"africa press\",\"Africa Press-Namibia\",\"namibia\"],\"articleSection\":[\"all news\",\"economy\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/www.africa-press.net\/namibia\/all-news\/namibias-fastest-growing-companies-2023#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.africa-press.net\/namibia\/all-news\/namibias-fastest-growing-companies-2023\",\"url\":\"https:\/\/www.africa-press.net\/namibia\/all-news\/namibias-fastest-growing-companies-2023\",\"name\":\"Namibia\u2019s fastest-growing companies 2023 - 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