Indongo Group enters new age
Indongo Group enters new age

Indongo Group enters new age

The Frans Indongo Group of Companies this week launched its new position from owner-driven sole proprietorship to fully corporate model.
Denver Isaacs
One of the country''s longest-established locally owned conglomerates, the Frans Indongo Group, this week ushered in a new era of transformation and a new brand identity.

Guests at the brand launch event on Thursday included Prime Minister Saara Kuugongelwa-Amadhila, Founding President Sam Nujoma, and the group founder and sole owner for well over 40 years, Frans Aupa Indongo.

In recalling the company''s unique history, the chairman of the Frans Indongo Trust, Dr Solly Amadhila, noted how Indongo had opened his first shop in his own building in 1964.

That business was to grow and branch out into various sectors of the local economy with Indongo as sole owner, until his decision in 2007 to appoint a board of trustees, a board of directors, and a chief executive officer.

The decision, Amadhila said, was based on the founder''s vision for the company to succeed beyond his personal existence.

“He had a very specific dream. That this company must last beyond me,” Group CEO Van Graan said.

The brand revamp completes the transformation started in 2006, the company said, complete with a new slogan: ''Shape Today. Own Tomorrow''.

Founding President Nujoma hailed Indongo as an inspiration to younger generations of entrepreneurs and encouraged local business owners to redouble their efforts to become profitable.

“Many can learn from your story of humble beginnings and your courage to re-engineer your business to suit the economic times in which our country finds itself and the world at large,” Nujoma said.

Indongo acknowledged Nujoma''s early support for his enterprise, which he credited as invaluable to its ongoing success.

The Frans Indongo Group of Companies has shares in leading companies operating in the manufacturing and distribution, automotive, retail, property, farming, fisheries and hospitality sectors.

Companies in which it holds shares include Bokomo Namibia, Tongaat Hulett Namibia, Wispeco Namibia, Frans Indongo Lodge, Protea Hotel Walvis Bay, Indongo Toyota, Hino Indongo and Grain Carriers Namibia.

DENVER ISAACS

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Namibian Sun 2024-05-17

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Premier League: Manchester United 3 vs 2 Newcastle | Brighton 1 vs 2 Chelsea | Tottenham Hotspur 0 vs 2 Manchester City LaLiga: Real Sociedad 1 vs 0 Valencia | Almería 0 vs 2 Barcelona | Las Palmas 2 vs 2 Real Betis | Celta Vigo 2 vs 1 Athletic Club | Getafe 0 vs 3 Atletico Madrid | Sevilla 0 vs 1 Cadiz | Rayo Vallecano 2 vs 1 Granada | Girona 0 vs 1 Villarreal | Real Madrid 5 vs 0 Deportivo Alaves | Osasuna 1 vs 1 Mallorca European Championships Qualifying: Leeds United 4 vs 0 Norwich City English Championship: Leeds United 4 vs 0 Norwich City Katima Mulilo: 11° | 31° Rundu: 11° | 30° Eenhana: 11° | 31° Oshakati: 12° | 30° Ruacana: 12° | 31° Tsumeb: 13° | 29° Otjiwarongo: 11° | 27° Omaruru: 11° | 30° Windhoek: 11° | 26° Gobabis: 12° | 27° Henties Bay: 19° | 35° Wind speed: 35km/h, Wind direction: E, Low tide: 05:49, High tide: 12:03, Low Tide: 17:43, High tide: 00:16 Swakopmund: 20° | 26° Wind speed: 27km/h, Wind direction: E, Low tide: 05:47, High tide: 12:01, Low Tide: 17:41, High tide: 00:14 Walvis Bay: 23° | 33° Wind speed: 28km/h, Wind direction: E, Low tide: 05:47, High tide: 12:00, Low Tide: 17:41, High tide: 00:13 Rehoboth: 12° | 27° Mariental: 15° | 29° Keetmanshoop: 17° | 29° Aranos: 15° | 28° Lüderitz: 20° | 32° Ariamsvlei: 16° | 30° Oranjemund: 15° | 25° Luanda: 24° | 27° Gaborone: 16° | 30° Lubumbashi: 11° | 27° Mbabane: 13° | 22° Maseru: 9° | 23° Antananarivo: 12° | 27° Lilongwe: 15° | 28° Maputo: 19° | 28° Windhoek: 11° | 26° Cape Town: 15° | 22° Durban: 17° | 23° Johannesburg: 15° | 24° Dar es Salaam: 23° | 32° Lusaka: 14° | 27° Harare: 13° | 26° Currency: GBP to NAD 23.08 | EUR to NAD 19.8 | CNY to NAD 2.53 | USD to NAD 18.27 | DZD to NAD 0.13 | AOA to NAD 0.02 | BWP to NAD 1.3 | EGP to NAD 0.38 | KES to NAD 0.14 | NGN to NAD 0.01 | ZMW to NAD 0.71 | ZWL to NAD 0.04 | BRL to NAD 3.54 | RUB to NAD 0.2 | INR to NAD 0.22 | USD to DZD 134.35 | USD to AOA 847.42 | USD to BWP 13.49 | USD to EGP 46.86 | USD to KES 130.48 | USD to NGN 1520 | USD to ZAR 18.28 | USD to ZMW 25.47 | USD to ZWL 321 | Stock Exchange: JSE All Share Index 79509 Up +0.19% | Namibian Stock Exchange (NSX) Overall Index 1740.48 Up +0.45% | Casablanca Stock Exchange (CSE) MASI 13411.39 Down -0.07% | Egyptian Exchange (EGX) 30 Index 26142.84 Up +3.27% | Botswana Stock Exchange (BSE) DCI 9151.06 Same 0 | NSX: MTC 7.75 SAME | Anirep 8.99 SAME | Capricorn Investment group 17.34 SAME | FirstRand Namibia Ltd 49 DOWN 0.50% | Letshego Holdings (Namibia) Ltd 4.1 UP 2.50% | Namibia Asset Management Ltd 0.7 SAME | Namibia Breweries Ltd 31.49 UP 0.03% | Nictus Holdings - Nam 2.22 SAME | Oryx Properties Ltd 12.1 UP 1.70% | Paratus Namibia Holdings 11.99 SAME | SBN Holdings 8.45 SAME | Trustco Group Holdings Ltd 0.48 SAME | B2Gold Corporation 47.34 DOWN 1.50% | Local Index closed 677.62 UP 0.12% | Overall Index closed 1534.6 DOWN 0.05% | Osino Resources Corp 19.47 DOWN 2.41% | Commodities: Gold US$ 2 385.79/OZ UP +0.33% | Copper US$ 4.90/lb UP +1.22% | Zinc US$ 2 983.80/T UP 0.19% | Brent Crude Oil US$ 83.78/BBP UP +0.01% | Platinum US$ 1 056.19/OZ DOWN -0.0051 Sport results: Premier League: Manchester United 3 vs 2 Newcastle | Brighton 1 vs 2 Chelsea | Tottenham Hotspur 0 vs 2 Manchester City LaLiga: Real Sociedad 1 vs 0 Valencia | Almería 0 vs 2 Barcelona | Las Palmas 2 vs 2 Real Betis | Celta Vigo 2 vs 1 Athletic Club | Getafe 0 vs 3 Atletico Madrid | Sevilla 0 vs 1 Cadiz | Rayo Vallecano 2 vs 1 Granada | Girona 0 vs 1 Villarreal | Real Madrid 5 vs 0 Deportivo Alaves | Osasuna 1 vs 1 Mallorca European Championships Qualifying: Leeds United 4 vs 0 Norwich City English Championship: Leeds United 4 vs 0 Norwich City Weather: Katima Mulilo: 11° | 31° Rundu: 11° | 30° Eenhana: 11° | 31° Oshakati: 12° | 30° Ruacana: 12° | 31° Tsumeb: 13° | 29° Otjiwarongo: 11° | 27° Omaruru: 11° | 30° Windhoek: 11° | 26° Gobabis: 12° | 27° Henties Bay: 19° | 35° Wind speed: 35km/h, Wind direction: E, Low tide: 05:49, High tide: 12:03, Low Tide: 17:43, High tide: 00:16 Swakopmund: 20° | 26° Wind speed: 27km/h, Wind direction: E, Low tide: 05:47, High tide: 12:01, Low Tide: 17:41, High tide: 00:14 Walvis Bay: 23° | 33° Wind speed: 28km/h, Wind direction: E, Low tide: 05:47, High tide: 12:00, Low Tide: 17:41, High tide: 00:13 Rehoboth: 12° | 27° Mariental: 15° | 29° Keetmanshoop: 17° | 29° Aranos: 15° | 28° Lüderitz: 20° | 32° Ariamsvlei: 16° | 30° Oranjemund: 15° | 25° Luanda: 24° | 27° Gaborone: 16° | 30° Lubumbashi: 11° | 27° Mbabane: 13° | 22° Maseru: 9° | 23° Antananarivo: 12° | 27° Lilongwe: 15° | 28° Maputo: 19° | 28° Windhoek: 11° | 26° Cape Town: 15° | 22° Durban: 17° | 23° Johannesburg: 15° | 24° Dar es Salaam: 23° | 32° Lusaka: 14° | 27° Harare: 13° | 26° Economic Indicators: Currency: GBP to NAD 23.08 | EUR to NAD 19.8 | CNY to NAD 2.53 | USD to NAD 18.27 | DZD to NAD 0.13 | AOA to NAD 0.02 | BWP to NAD 1.3 | EGP to NAD 0.38 | KES to NAD 0.14 | NGN to NAD 0.01 | ZMW to NAD 0.71 | ZWL to NAD 0.04 | BRL to NAD 3.54 | RUB to NAD 0.2 | INR to NAD 0.22 | USD to DZD 134.35 | USD to AOA 847.42 | USD to BWP 13.49 | USD to EGP 46.86 | USD to KES 130.48 | USD to NGN 1520 | USD to ZAR 18.28 | USD to ZMW 25.47 | USD to ZWL 321 | Stock Exchange: JSE All Share Index 79509 Up +0.19% | Namibian Stock Exchange (NSX) Overall Index 1740.48 Up +0.45% | Casablanca Stock Exchange (CSE) MASI 13411.39 Down -0.07% | Egyptian Exchange (EGX) 30 Index 26142.84 Up +3.27% | Botswana Stock Exchange (BSE) DCI 9151.06 Same 0 | NSX: MTC 7.75 SAME | Anirep 8.99 SAME | Capricorn Investment group 17.34 SAME | FirstRand Namibia Ltd 49 DOWN 0.50% | Letshego Holdings (Namibia) Ltd 4.1 UP 2.50% | Namibia Asset Management Ltd 0.7 SAME | Namibia Breweries Ltd 31.49 UP 0.03% | Nictus Holdings - Nam 2.22 SAME | Oryx Properties Ltd 12.1 UP 1.70% | Paratus Namibia Holdings 11.99 SAME | SBN Holdings 8.45 SAME | Trustco Group Holdings Ltd 0.48 SAME | B2Gold Corporation 47.34 DOWN 1.50% | Local Index closed 677.62 UP 0.12% | Overall Index closed 1534.6 DOWN 0.05% | Osino Resources Corp 19.47 DOWN 2.41% | Commodities: Gold US$ 2 385.79/OZ UP +0.33% | Copper US$ 4.90/lb UP +1.22% | Zinc US$ 2 983.80/T UP 0.19% | Brent Crude Oil US$ 83.78/BBP UP +0.01% | Platinum US$ 1 056.19/OZ DOWN -0.0051