TravelComments.com – Namibia: Namibia Wildlife Resorts declares a profit for the first time!

Namibia Wildlife Resorts (NWR), the state-owned enterprise mandated to run the tourism facilities within the protected areas of Namibia, has managed to record a profit for the first time since its creation in 1999. The announcement was made at NWR’s Annual General Meeting (AGM) on 20 July 2020. For the first time, the AGM was held under the new commercial state-owned Enterprise Act 2019 (Act 1 of 2019) that came into operation on 16 December 2019.
According to NWR Chairman Ambassador Leonard Nangolo lipumbu the past financial year saw the enterprise record a N$22 million profit, which is a N$41 million improvement on the 2018 financial year. NWR’s revenue increased by 11% compared to the 2018 financial year. NWR’s Chairman also said that, due to the impact of the coronavirus pandemic on Namibia’s tourism industry, NWR will not be able to record a profit in 2020. Measures to mitigate the effects of the coronavirus and to ensure sustainability have been implemented. NWR has, for instance, introduced special room offers targeted on the domestic market.

https://umhambi.blogspot.com/2020/07/namibia-namibia-wildlife-resorts.html

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