Bidvest Namibia

Bidvest Namibia

Bidvest Namibia

Company type	Public
Industry	Conglomerate
Founded	1990
Headquarters	Windhoek, Namibia
Revenue	NAD 3.5 billion (2020)
Operating income	NAD 450 million (2020)
Net income	NAD 300 million (2020)
Total assets	NAD 2.5 billion (2020)
Total equity	NAD 1.5 billion (2020)
Number of employees	2,000
Parent	Bidvest Group
Website	www.bidvestnamibia.com

Bidvest Namibia is a public conglomerate based in Windhoek, Namibia. It is a subsidiary of the Bidvest Group, a South African multinational conglomerate. Bidvest Namibia operates in various industries including food services, commercial fishing, industrial supplies, and automotive retail.

History

Bidvest Namibia was established in 1990 as a result of a merger between several Namibian companies. It started as a small food services company and gradually expanded its operations into other sectors. Over the years, Bidvest Namibia has grown to become one of the leading conglomerates in the country.

Operations

Bidvest Namibia operates through its various subsidiaries, each specializing in a specific industry. The company's subsidiaries include:

• Bidfood Namibia - A leading food services provider in Namibia, supplying a wide range of food products to the hospitality industry, restaurants, and retail outlets.
• Bidfish Namibia - A commercial fishing company that engages in the catching, processing, and distribution of fish and seafood products.
• Bid Industrial & Commercial Products - A supplier of industrial and commercial products, including cleaning chemicals, packaging materials, and safety equipment.
• Bid Auto - A retailer of automotive products and services, offering a wide range of vehicles, spare parts, and maintenance services.

Financials

In 2020, Bidvest Namibia reported a revenue of NAD 3.5 billion, with an operating income of NAD 450 million and a net income of NAD 300 million. The company's total assets were valued at NAD 2.5 billion, with an equity of NAD 1.5 billion. Bidvest Namibia employs approximately 2,000 people across its various subsidiaries.