Germany has been chosen to strengthen the Group’s resilience and offerings as part of the Ohlthaver & List (O&L) Group’s recent expansion plans, which include developments for its Namibian subsidiaries such as establishing a new Hangana Seafood factory and rebuilding Mokuti Etosha Lodge.
The company was officially established in November 2022 and is led by Steffen Kammerer as Managing Director (MD), will house the O&L Group’s European businesses and operations, primarily in Germany.
O&L Europe will include the already established O&L Nexentury (in energy development), O&L Immobilien (property development and investment), O&LSustainable Finance (finance and investment), and in the hospitality industry
Kammerer said their European business model provides cradle-to-grave renewable energy infrastructure, real estate and hospitality asset development services and strategic capital to address Germany’s and expand to Europe’s most pressing energy and sustainability challenges.
Adding that sustainability is the strategic key which will address the market’s energy and environmental issues and unlock success.
“This is a truly historical opportunity for the O&L Group to leverage the enormous growth potential of the German market and to set the stage for future expansion. O&L with its century-long history stands like no other company for continuity and sustainability, which will provide positive leverage to expand our new European businesses,” he said.
According to Sven Thieme, O&L Group Executive Chairman, an investment of this nature grants the Group greater resilience to external shocks and contributes to a more stable environment wherein their existing businesses can thrive.
“It is extremely exciting to enter the new year with the possibilities of O&L Europe on the horizon. Establishing relationships, growing our capabilities and expanding our footprint beyond our borders creates greater opportunities, not only for our Group, but for our people and the country, and I am eager to see these opportunities advance,” he said.
Besides this, originally one of a trio of O&L Nexentury MDs, Kammerer will continue to serve as MD on the O&L Nexentury board. Of the other two O&L Nexentury MDs, Bernd Walbaum will be responsible for leading Nexentury Africa which has operations in Namibia, South Africa and Ivory Coast; and Rollie Armstrong will be leading Nexentury Europe, with Germany as its market.