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Tourism sector has significant potential for further growth – New statistics encouraging despite persisting economic crisis

Tourism sector has significant potential for further growth – New statistics encouraging despite persisting economic crisis

The country’s official foreign arrival and tourist figures released recently, reveal that foreign arrivals increased by a significant 3.2% from 2017 to 2018, and the number of bona fide tourists increased by 3.9% for the same period.

The top countries from where the largest number of tourists came comprise Angola, South Africa, Zambia, Germany, Zimbabwe, Botswana, France, the United Kingdom, the United States, and the Netherlands, according to the Ministry of Environment and Tourism’s 2018 Tourist Statistics Report launched this week.

The Minister of Environment and Tourism, Hon Pohamba Shifeta at the launch said, year-to-date, the tourism sector performance especially inbound demand remains remarkably strong despite the persisting global economic crisis.

“These figures give us confidence that we are making good progress in our efforts to grow and develop the tourism industry as a global player. This speaks volumes and we hope the tourism industry will take heart in these figures and continue working together to grow tourism in Namibia as a preferred destination in Africa,” he added.

Shifeta said the increase in the tourist arrivals helps the tourism sector to contribute massively to the country’s Gross Domestic Product (GDP) and providing jobs opportunities across its wide value chain.

“What makes our sector unique is its multiplying effects in contributing to the economy. Tourism touches every aspect of our society with its impact felt in rural areas,” he continued.

Furthermore the minister said overall the 2018 figures give them confidence in the efforts to grow and develop the tourism industry in a global market.

“The sector has significant potential for further growth. At present, the Namibian tourism sector is growing rapidly compared to other economic sectors and we believe that the travel and leisure sector stands out as one that offers enormous unrealized potential,” he said.

According to Shifeta, in order to uphold and build on the impressive numbers, Namibia has to continue improving its services and products to ensure that it remains a value for money destination.

The 2018 report was compiled with the data collected by the ministry in collaboration with the Ministry of Home Affairs and Immigration.

The minister congratulated the Namibia Tourism Board for its continuous marketing of Namibia as a preferred tourist destination with endless horizons.


 

About The Author

Musa Carter

Musa Carter is a long-standing freelance contributor to the editorial team and also an active reporter. He gathers and verifies factual information regarding stories through interviews, observation and research. For the digital Economist, he promotes targeted content through various social networking sites such as the Economist facebook page (/Nameconomist/) and Twitter.

Following reverse listing, public can now acquire shareholding in Paratus Namibia

Promotion

20 February 2020, Windhoek, Namibia: Paratus Namibia Holdings (PNH) was founded as Nimbus Infrastructure Limited (“Nimbus”), Namibia’s first Capital Pool Company listed on the Namibian Stock Exchange (“NSX”).

Although targeting an initial capital raising of N$300 million, Nimbus nonetheless managed to secure funding to the value of N$98 million through its CPC listing. With a mandate to invest in ICT infrastructure in sub-Sahara Africa, it concluded management agreements with financial partner Cirrus and technology partner, Paratus Telecommunications (Pty) Ltd (“Paratus Namibia”).

Paratus Namibia Managing Director, Andrew Hall

Its first investment was placed in Paratus Namibia, a fully licensed communications operator in Namibia under regulation of the Communications Regulatory Authority of Namibia (CRAN). Nimbus has since been able to increase its capital asset base to close to N$500 million over the past two years.

In order to streamline further investment and to avoid duplicating potential ICT projects in the market between Nimbus and Paratus Namibia, it was decided to consolidate the operations.

Publishing various circulars to shareholders, Nimbus took up a 100% shareholding stake in Paratus Namibia in 2019 and proceeded to apply to have its name changed to Paratus Namibia Holdings with a consolidated board structure to ensure streamlined operations between the capital holdings and the operational arm of the business.

This transaction was approved by the Competitions Commission as well as CRAN, following all the relevant regulatory approvals as well as the necessary requirements in terms of corporate governance structures.

Paratus Namibia has evolved as a fully comprehensive communications operator in Namibia and operates as the head office of the Paratus Group in Africa. Paratus has established a pan-African footprint with operations in six African countries, being: Angola, Botswana, Mozambique, Namibia, South Africa and Zambia.

The group has achieved many successes over the years of which more recently includes the building of the Trans-Kalahari Fibre (TKF) project, which connects from the West Africa Cable System (WACS) eastward through Namibia to Botswana and onward to Johannesburg. The TKF also extends northward through Zambia to connect to Dar es Salaam in Tanzania, which made Paratus the first operator to connect the west and east coast of Africa under one Autonomous System Number (ASN).

This means that Paratus is now “exporting” internet capacity to landlocked countries such as Zambia, Botswana, the DRC with more countries to be targeted, and through its extensive African network, Paratus is well-positioned to expand the network even further into emerging ICT territories.

PNH as a fully-listed entity on the NSX, is therefore now the 100% shareholder of Paratus Namibia thereby becoming a public company. PNH is ready to invest in the future of the ICT environment in Namibia. The public is therefore invited and welcome to acquire shares in Paratus Namibia Holdings by speaking to a local stockbroker registered with the NSX. The future is bright, and the opportunities are endless.