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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