Kennedy Hamutenya, founding Chief Executive Officer of NAMDIA - Namdeb seeks Govt rescue

Podcast: Desert FM 95.3 · Desert FM 95.3

Opublikowano: 2026-10-16

Former Namdia chief executive Kennedy Hamutenya discusses the global crisis facing Namibia's diamond sector, driven by falling demand, geopolitical conflicts, overstocking and heavy competition from lab-grown synthetics. Hamutenya says current financial pressures on Namdeb Holdings – spanning offshore operations (Debmarine Namibia) and labor-intensive onshore operations (Namdeb) – stem from global market structural shifts rather than domestic management flaws.