The Brief is an online news portal and going source with a focus on the Namibian business sector, current affairs, companies and financial markets.
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May 30, 2023
Tourism (89)
The Ministry of Environment, Forestry and Tourism (MEFT) has dehorned approximately 2,500 rhinos nationally and spent over N$60 million in a decade in the exercise aimed at curbing poaching.
Namibia's hospitality sector is showing signs of recovery, with increased occupancy rates and growing tourist inflows in April 2023, latest data reveals.
Gondwana Holdings Limited (Gondwana) received bids valued at N$475 million from the issuance and listing of new Senior Unsecured Floating Rate Notes (Notes) under its Medium Term Note Programme (MTNP) approved by the Namibian Stock Exchange (NSX).
Namibia’s Vice President Nangolo Mbumba has called on industry players to interrogate cases of human-wildlife conflict (HWC) and devise long-lasting solutions to deal with the negative interactions between the two.
Namibia Wildlife Resorts (NWR) reported a 66% reduction in its losses to N$33 million in 2022 from N$97 million in the prior comparable year amid optimism from the company on recording profits in the near future.
Namibia has won the bid to host the Africa Youth in Tourism Innovation Summit and Challenge for the next three years.
Namibia has welcomed its first digital nomads, five months after launching the visa programme, which received over 121 inquiries.
The Dorob and Skeleton Coast National Park are set for a N$132.4-million infrastructure upgrade with the support from the German Government through KfW Development Bank.
Namibia’s tourism sector is expected to grow this year, as recent data shows that foreign arrivals in the last 12 months account for approximately 82% of pre-pandemic levels.
The Namibia Wildlife Resorts (NWR) is forecasting a breakeven position for the 2023/24 financial year, as it seeks to redeem itself from a history of losses.
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The Namibian Ports Authority (Namport) has reported an 87% increase in passenger vessel calls for the 2022/2023 financial year compared to the previous year.
The Ministry of Environment, Forestry and Tourism revealed that conservancies in Namibia have created about 5,000 permanent and temporary jobs, although it remains concerned with prevalent cases of human-wildlife conflict.
The tourism industry in Walvis Bay is expected to receive a significant boost on Monday as the Queen Mary 2 cruise liner is set to dock, bringing with it 2,000 guests.
The Ministry of Environment, Forestry and Tourism (MEFT) has allocated N$80 million for development purposes. This amount is set to cater for the rehabilitation of old and new facilities as well as upgrading of tourist roads, sewerage and water supply in protected areas, including the fencing of national parks and conservancies.