Namibia's Hangana Seafood invested NAD 300 million (€18.9 million/$21.3 million) in a new processing facility in Walvis Bay, reports The Namibian.

The new facility will have a capacity of 25,000 metric tons per year, as well as coldstorage capacity of 2,500 metric tons.

A further investment of NAD 19.8 million (€1.2 million/$1.4 million) will allow Hangana to process other fish species such as horse mackerel within the next five years in the existing factory, said Managing Director Herman Theron.

The construction is expected to be completed in September 2020 and will be an expansion of Hangana's existing processing facility at Walvis Bay.