NWR records an increase in revenue

Staff Writer

Namibia Wildlife Resorts (NWR) recorded a revenue of N$290 million during 2022.

This is according to the company’s annual report to the Ministry of Finance and Public Enterprises, Minister Ipumbu Shiimi.

“During the year under review, NWR managed to cut its operating loss by 66%, from N$97 million in 2021 to N$33 million in 2022. Revenue improved by 74%, from N$167 million in 2021 to N$290 million,” said Nelson Muremi Ashipala, NWR Manager of Corporate Communications in the report.

In addition, he said the company achieved a clean audit for the first time, indicating its commitment to effective governance and accountability.

“This remarkable effort reflects NWR’s dedication to sustainability and innovation, as well as its ongoing efforts to streamline operations and enhance customer experience. While NWR is still in a loss-making situation, the company’s management is confident that if the same improvement trend continues, a profit is certain in the near future,” he added.

In addition to financial performance, NWR reported that it is in compliance with statutory requirements and governance regulations.

The Minister of Finance and Public Enterprise, Iipumbu Shiimi congratulated NWR for setting a great example in presenting its audit report on time.

“Allow me to thank the NWR team for setting a great example in finalising its audit on time. This is not something that is common in the State-Owned Enterprise sector. This achievement reflects the hard work and dedication of the entire NWR team, and it underscores the company’s commitment to transparency and accountability” he said.

The Chairman of NWR’s Board and Management, Haroldt Urib highlighted NWR’s commitment to ensuring locals get an opportunity to experience leisure travel.

“As in previous years, NWR is dedicated to introducing specials and discounts to its domestic market, aimed at encouraging domestic travellers to sign up for and use, the Namleisure card. The card entitles Namibians to a 50 percent discount on accommodation and is aimed at promoting tourism within the country. The company is pleased to note that new cardholders for the domestic market continue to grow, providing an opportunity for Namibians to visit and know their own country” the Chairperson said.

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