N$40 million for NWR

25 October 2020 | Tourism

Namibia Wildlife Resorts (NWR) received at N$40 million grant from government in the FY2020/21 Mid-Year Budget Review and Medium-Term Budget Policy Statement. The last time the company received such financial support from the shareholder was in 2017 for an amount of about N$6 million.
With the outline of activities and the current conditions, the company is grateful for the support it received. “We are grateful to the shareholder, the Government of the Republic of Namibia, for their assistance. The large amount received, is to be re-injected in the Namibian Eeonomy through immediately settling overdue suppliers' invoices. Equally, part of the funds received will be used for our employee costs (our wage bill and the current voluntary separation exercise),” NWR Managing Director Dr Matthias Ngwangwama (pictured), said.

Similar News

 

‘Domestic tourism only option’ – LTIL

1 month - 07 December 2020 | Tourism

The Local Tourism Is Lekker (LTIL) Expo and Networking Event took place at Droombos on the outskirts of the capital last week, offering more than...

New look for NWR’s website

1 month - 04 December 2020 | Tourism

If anything, 2020 demonstrated the importance of an online presence, allowing for seamless and faster communication between organisations and clients.In light of this, Namibia Wildlife...

Book now for ‘Miles’ and more

1 month - 18 November 2020 | Tourism

With a few weeks left before the festive season begins, several travellers are looking forward to taking a long-deserved break after the challenging year that...

Local Tourism Is Lekker hosts expo

2 months ago - 11 November 2020 | Tourism

The Local Tourism Is Lekker Initiative hosts an expo and networking event from 1 to 3 December, showcasing local tourism, especially during (but not limited...

More of Namibia, for locals

3 months ago - 15 October 2020 | Tourism

Local companies Hollard Namibia and Venture Media’s launched a new tourism relief project called This is Namibia for locals, and that allows Hollard MyLife, Personal...

Take a breather here!

3 months ago - 08 October 2020 | Tourism

After months of hardships and the most challenging time that the sector has seen to date and in response to the Minister of Industrialization, Trade...

Local tour guides ready for Covid tourism

3 months ago - 23 September 2020 | Tourism

When Covid-19 struck Namibia in March this year, the local tourism industry came to a complete standstill.Fast forward a few months and as stringent regulations...

NWR board, senior management cut salaries

3 months ago - 21 September 2020 | Tourism

For the past six months, all tourism companies have been severely affected by Covid-19.Namibia Wildlife Resorts Limited (NWR) being one of the dominate players was...

Accommodation restriction scrapped for tourists

4 months ago - 09 September 2020 | Tourism

Swakopmund • [email protected] has relaxed the strict requirements for travelling to the country, scrapping a previously introduced seven-day residence requirement as a form of quarantine.Tourists...

Planning ahead

4 months ago - 03 September 2020 | Tourism

The Namibian tourism industry is currently experiencing one of its biggest challenges in recorded history and memory. As with all companies in Namibia and the...

Latest News

How Covid has changed the...

19 hours ago | Life Style

From wearing face masks in public to socialising from two meters apart, society is adapting to the rather unusual circumstances that have been brought about...

Fighting cervical cancer together

20 hours ago | Health

Human papillomavirus (HPV) is the most common viral infection of the reproductive tract. Most sexually active women and men will be infected at some point...

Nambob joins the fight to...

1 day - 14 January 2021 | Society

With the Cancer Association of Namibia’s (CAN) National Outreach Programme kicking off today, Nambob (previously Avbob Namibia) extended their support to the organisations efforts to...

Covid stats in the spotlight

1 day - 14 January 2021 | Health

As the number of Covid-19 cases continues to rise in Namibia, the US Embassy also continues to provide support to the Ministry of Health and...

Another accolade for local bank

1 day - 14 January 2021 | Banking

For the second consecutive year, Bank Windhoek has been rank the Best Bank in the country by PSG Namibia’s 2020 Banking Review.The PSG Banking Review...

Support for BAS

1 day - 14 January 2021 | Social Issues

The German Embassy in Windhoek continues to support Namibia in the areas of education and sport, especially now during Covid. Amongst others, the embassy has...

Financial relief for SMEs

2 days ago - 14 January 2021 | Banking

The Development Bank of Namibia (DBN) will launch business relief loans on 18 January, providing finance equivalent to between 3 and 6 months' working capital...

Minor amendments to Covid-19 regulations...

2 days ago - 13 January 2021 | Health

The measures announced on 23 December 2020 to control and prevent Covid-19 lapse at midnight tonight, with health minister Dr Kalumbi Shangula saying earlier today...

CAN kicks off outreaches

2 days ago - 13 January 2021 | Society

The Cancer Association of Namibia (CAN) has resumed clinical services, with various clinics taking place.“We cannot allow another year of Covid-19 to keep us from...

Load More