O&L has invested more than N$600 million to date in expanding its leisure portfolio, following the acquisition of new establishments and ongoing capital commitments across its hospitality assets.
Managing Director of O&L Leisure and Executive Chairman of the O&L Group, Sven Thieme, said the latest investments support the group’s Vision 2029 strategy and strengthen its position in Namibia’s tourism sector.
“Our O&L Leisure portfolio has grown from four establishments last year to seven with the acquisition of Le Mirage, Divava and others. These additions support our Vision 2029 targets and enhance our presence in the hospitality sector,” he told The Brief.
Thieme added that upgrades are planned at the newly acquired properties as part of the integration process, while several developments remain underway across the group.
“We will be undertaking scheduled renovations and upgrades at the newly acquired establishments as we integrate them into the group. We are managing a full pipeline of developments and have more projects in progress. We recently launched the SkyBoma and Mokuti, which is the first of its kind globally,” he said.
O&L confirmed that N$400 million was invested last year, with a further N$200 million allocated to recent acquisitions.
Its 2025 expansion includes Le Mirage Resort & Spa in the Sossusvlei area and Divava Lodge & Spa on the Kavango River, both enhancing the group’s national footprint and supporting efforts to position Namibia as a competitive global travel destination.
The Ohlthaver & List (O&L) Group aims to expand its leisure portfolio from four to 10 establishments by 2029.
Key destinations such as Sossusvlei, Swakopmund, Etosha and others have already been identified for development, with Windhoek and Brandberg also under consideration.
Thieme previously told The Brief that the expansion focuses on delivering authentic experiences at Namibia’s most iconic locations.
He said the programme requires substantial capital investment, with the group already making strong progress towards its goal.
“The budget is around N$1 billion for the overall 2029 vision. In the last three years as of 2024, we have already spent N$400 million. This expansion is a key part of our plans, and we are ready to materialise it,” he said.
