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Kennedy Hamutenya, founding Chief Executive Officer of NAMDIA - Namdeb seeks Govt rescue
Published 14 hours ago
Description
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.