Green Forest Investments takes care of all your accounting, bookkeeping needs

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Green Forest Investments CC is a leading accounting, business and information technology consulting firm in Namibia. The company provide 24/7 assistance to various clients including small and medium-sized enterprises (SMEs). Running a business especially a small business, is stressful enough, but business owners do not have to sweat about accounting and bookkeeping. They can entrust that task to the capable team at Green Forest Investments. The company is registered with the Institute of Information Technology Professional South Africa (IITPSA) and Southern African Institute for Business Accountants (SAIBA). Managing member Chucknorris G. Madamombe speaks why his company is unique and why their services are essential especially to SMEs.

What services does Green Forest Investments CC provide?

Green Forest Investments is a 100% Namibian registered and owned company that was formed in 2013 to provide the following services – information technology services, accounting & bookkeeping services, corporate training services, business consulting services, tax and advisory, company secretarial services, website designing and hosting and domain registration. And due to the increase in the number of clients in South Africa, we also opened another branch in Johannesburg in October 2018.

How are your services essential especially to SMEs in Namibia? Why small businesses need accounting services?

Bookkeeping is important for helping you maintain accurate financial records. Yet still, many businesses fail to implement this integral process. Besides the fact you are required under the law to maintain accurate books and records, doing so will save you frustration later on. In fact, ‘poor accounting’ is one of the top reasons businesses fail. Without bookkeeping or accounting, you are blindly driving your business. In most cases, your business has to file a tax return every year. And every year, millions of business owners are scrambling through their desk to find missing paperwork. Sound familiar? The tax filing process can be made more efficient by simply having a bookkeeping function within your company. Bookkeeping is important for filing your personal tax return too. As a business owner, a large part of your income comes from your business. In order to know how much you earned, you have to know what your business earned first. With a bookkeeping process in place, you can have financial information ready for tax time. Instead of scrambling for receipts or invoices, all of your financial information is organized on one central system.

What’s unique about Green Forest Investments?

We are a team of experienced individuals. Besides, we love what we do and we always go an extra mile in order to meet or exceed the expectations of our clients. We have never disappointed our clients ever since we started our business.

Why bookkeeping is crucial for small businesses? And do you think SMEs are keeping records, as it should be?

Bookkeeping is important because it helps with business analysis. It is a tool used by management to analyse business performance. The product of bookkeeping is financial statements. Financial statements should be regularly generated and used for analysis. While analyzing financial statements, you can track your cash inflows and outflows. Bookkeeping gives you information on which business lines are working or not working. This type of analysis allows focusing on your company’s strengths and improving on its weaknesses. I don’t think Namibian SMEs are good at keeping records. During the period of 2017 – 2018, the Ministry of Finance had to launch a tax incentive programme in order to allow all the companies to fix their tax issues. A lot of companies owe the Tax Man a lot of money in terms of tax balances, tax penalties and interest. All this proves that SMEs are not keeping proper records.

Please share with us some of the success stories of Green Forest Investments cc?

We have been trusted by many big brands in both Namibia and South Africa. That alone makes us proud of whom we are. Our range of customers as indicated above clearly tells a lot about our success stories as Green Forest Investments CC.

You can find Green Forest Investments online in Namibia at www.gfi-namibia.com | info@gfi-namibia.com. In South Africa: www.afriadi.com | www.afriadionline.co.za | www.afriadi.co.za | info@afriadi.com

Key personnel

Chucknorris G. Madamombe (Managing Member) – PhD Industrial Engineering (Stellenbosch University, South Africa); Master of Computer Science (Namibia University of Science & Technology, Namibia); Master’s in Business Administration (Midlands State University, Zimbabwe); BSc Computer Science (Midlands State University, Zimbabwe); Business Accountant (SA).

Maria Liina Shimhanda (Managing Member) – Masters in Public Policy and Management (University of Namibia)

Doren Chikwiriro (Business Administrator) – Master in Public Policy and Management (International University of Management, Namibia); Bachelor of Business Administration (Namibia University of Science and Technology, Namibia)

Bernhard Likuwa (Operations Manager) – BSc Computer Science, (Namibia university of Science and Technology,Namibia)

Author: Andreas Thomas