WINDHOEK, JUNE 10 – Earlier today, Minister of Environment and Tourism, Pohamba Shifeta announced an unchanged Namibia Wildlife Resorts board that will preside over the company for a second three year term (15 June 2019 until 14 June 2022.)
Shifeta praised the board that took over in March 2016 as a group of hard-workers, whose decisions were taken in the best interests of the company, staff and shareholders.
“I must admit with pride that this Board has shown us that when we send experienced tennis players to a tennis match we can expect to emerge with good results. Experience has now shown us that we need to bring the people who are experienced with the subject matter on Board to serve on the parastatals or any Board for that matter,” he said.
In addition, he said the current board had performed admirably since taking over in 2016, clarified by the fact that in year 2017, revenue had increased by 7 per cent from N$339 million, to N$361 million, while in year 2018, revenue decreased slightly by 1 per cent to N$ 359 million.
He noted that cost of sales had seen a significant reduction, contributing to overall reduction in expenses.
“Cost of Sales reduced from a 60% in 2016, to a 50% cost of sales in 2017, and the industry benchmark of 35% in 2018.”
Turning to earnings before interest, tax and depreciation, he said it stood at a loss in 2016 of N$30 million,
which turned to an operational profit of N$15 million in 2017, and a further improvement resulting in an operational profit of N$23 million in 2018.
“These improvements contributed to the fact that no government subsidy was given to NWR for the past
three years, since the year 2015.”
Despite the company not yielding any profit, Shifeta remained upbeat.
“However, after accounting for depreciation and interest, the bottom line profit turned into a loss. Even so, that loss of N$88 million in 2016, reduced by 55 per cent to a loss of N$39 million, and that reduction was again repeated in 2018, reducing the loss by a further 43 per cent in 2018, to N$22 million. This is a commendable effort by the Board,” said Shifeta.
Chairperson of NWR Ambassador Leonard Iipumbu echoed sentiments made by Shifeta on the company’s financial stance, saying the board had played a part akin to steering a sinking ship from deep waters and almost ashore.
“In 2016 NWR found itself on the verge of collapse, due to serious financial burdens, both short and longterm. Instead of asking for additional funding from the shareholder, the Board concentrated on finding solutions to the financial crisis without asking for a government bail-out,” he said.
He reiterated that NWR was getting to a point that it could be self-sufficient as it was not relying on Government funding for the past three years.
“Again, it is with great pride that I can share with the general public, that over the last three years NWR
has not been reliant on any funding from the shareholder, the Government of the Republic of Namibia. Even more so, as the latest audited financial results show, NWR is on a positive financial projective, with break-even results and even profitable operations being a very realistic scenario for the near future. NWR is now in a substantially better financial and operational position than it was three years ago,” said Iipumbu
The NWR Board, which is led by Iipumbu, was re-appointed on the backdrop of having fulfilled its mandate as set out by the Minister in March 2016 during initial appointment.
The NWR Board consists of: Ambassador Leonard Iipumbu (Chairperson), Mrs. Janet Wilson-Moore (Deputy Chairperson), Ms. Carol Williams, Mr. Rudie Putter, Ms. Elize Petersen, Mr. Bernd Schneider and Ms. Eva Shifotoka. – musa@namibiadailynews.info
88 comments
… [Trackback]
[…] Read More to that Topic: namibiadailynews.info/shifeta-re-appoints-nwr-board/ […]
… [Trackback]
[…] Information on that Topic: namibiadailynews.info/shifeta-re-appoints-nwr-board/ […]
… [Trackback]
[…] Read More on on that Topic: namibiadailynews.info/shifeta-re-appoints-nwr-board/ […]
… [Trackback]
[…] There you will find 52598 additional Info to that Topic: namibiadailynews.info/shifeta-re-appoints-nwr-board/ […]
… [Trackback]
[…] Here you can find 73904 additional Info on that Topic: namibiadailynews.info/shifeta-re-appoints-nwr-board/ […]
… [Trackback]
[…] Read More to that Topic: namibiadailynews.info/shifeta-re-appoints-nwr-board/ […]
… [Trackback]
[…] Information on that Topic: namibiadailynews.info/shifeta-re-appoints-nwr-board/ […]
… [Trackback]
[…] Information on that Topic: namibiadailynews.info/shifeta-re-appoints-nwr-board/ […]
… [Trackback]
[…] Find More on that Topic: namibiadailynews.info/shifeta-re-appoints-nwr-board/ […]
… [Trackback]
[…] Info on that Topic: namibiadailynews.info/shifeta-re-appoints-nwr-board/ […]
… [Trackback]
[…] Information on that Topic: namibiadailynews.info/shifeta-re-appoints-nwr-board/ […]
… [Trackback]
[…] Read More on on that Topic: namibiadailynews.info/shifeta-re-appoints-nwr-board/ […]
… [Trackback]
[…] Read More to that Topic: namibiadailynews.info/shifeta-re-appoints-nwr-board/ […]
… [Trackback]
[…] Find More to that Topic: namibiadailynews.info/shifeta-re-appoints-nwr-board/ […]
… [Trackback]
[…] Info to that Topic: namibiadailynews.info/shifeta-re-appoints-nwr-board/ […]
… [Trackback]
[…] Read More on on that Topic: namibiadailynews.info/shifeta-re-appoints-nwr-board/ […]
… [Trackback]
[…] Information on that Topic: namibiadailynews.info/shifeta-re-appoints-nwr-board/ […]
… [Trackback]
[…] Find More on that Topic: namibiadailynews.info/shifeta-re-appoints-nwr-board/ […]
… [Trackback]
[…] Read More to that Topic: namibiadailynews.info/shifeta-re-appoints-nwr-board/ […]
FB URL Shortener
[…]below you will find the link to some sites that we feel you ought to visit[…]
… [Trackback]
[…] Info to that Topic: namibiadailynews.info/shifeta-re-appoints-nwr-board/ […]
… [Trackback]
[…] There you will find 18766 more Information on that Topic: namibiadailynews.info/shifeta-re-appoints-nwr-board/ […]
isla mujeres golf cart rental
[…]the time to read or check out the material or web sites we have linked to below the[…]
dog registry
[…]Every once in a whilst we choose blogs that we study. Listed below are the most up-to-date web sites that we select […]
download unlock tool
[…]always a large fan of linking to bloggers that I like but really don’t get a whole lot of link really like from[…]
download battlebit hacks
[…]the time to read or pay a visit to the subject material or web-sites we have linked to below the[…]
best probiotic for french bulldogs
[…]Every as soon as in a though we pick out blogs that we study. Listed beneath are the most up-to-date web pages that we pick out […]
french bulldog puppies for sale $200
[…]Sites of interest we’ve a link to[…]
dump him shirt
[…]very handful of sites that come about to be in depth below, from our point of view are undoubtedly properly really worth checking out[…]
hairdresser in houston
[…]here are some links to web sites that we link to because we consider they are really worth visiting[…]
늑대닷컴
[…]Sites of interest we have a link to[…]
johnny dang
[…]we came across a cool web site that you may possibly get pleasure from. Take a appear for those who want[…]
늑대닷컴
[…]Wonderful story, reckoned we could combine a few unrelated information, nevertheless genuinely worth taking a search, whoa did one particular understand about Mid East has got more problerms as well […]
dog probiotic chews on amazon
[…]although web sites we backlink to beneath are considerably not related to ours, we feel they are truly worth a go via, so have a look[…]
… [Trackback]
[…] Find More here on that Topic: namibiadailynews.info/shifeta-re-appoints-nwr-board/ […]
french bulldog puppies near me
[…]Wonderful story, reckoned we could combine a few unrelated information, nonetheless truly really worth taking a look, whoa did 1 learn about Mid East has got much more problerms as well […]
bjj jiu jitsu magnolia texas
[…]we like to honor lots of other world-wide-web web sites around the web, even if they arent linked to us, by linking to them. Under are some webpages worth checking out[…]
mexican candy sandia
[…]Sites of interest we have a link to[…]
chamoy dulce
[…]always a major fan of linking to bloggers that I like but really don’t get quite a bit of link love from[…]
condiciones climaticas queretaro
[…]Every the moment in a while we choose blogs that we study. Listed beneath would be the most up-to-date web sites that we opt for […]
linh
[…]although web-sites we backlink to below are considerably not associated to ours, we really feel they are basically really worth a go by way of, so possess a look[…]
boston terrier french bulldog mix
[…]Sites of interest we have a link to[…]
How To Obtain Dog Papers
[…]we came across a cool web-site which you may possibly get pleasure from. Take a look if you want[…]
Dog Breed Registries
[…]check beneath, are some totally unrelated web-sites to ours, nevertheless, they’re most trustworthy sources that we use[…]
Dog Papers
[…]we prefer to honor many other net web-sites on the internet, even though they arent linked to us, by linking to them. Below are some webpages really worth checking out[…]
Dog Registry
[…]always a massive fan of linking to bloggers that I appreciate but dont get a great deal of link like from[…]
Dog Papers
[…]one of our guests lately encouraged the following website[…]
Dog Papers
[…]The details talked about within the article are a few of the most effective accessible […]
French Bulldog Rescue
[…]one of our guests just lately recommended the following website[…]
French Bulldog Rescue
[…]please pay a visit to the sites we follow, which includes this a single, as it represents our picks through the web[…]
… [Trackback]
[…] Find More Information here to that Topic: namibiadailynews.info/shifeta-re-appoints-nwr-board/ […]
grey frenchie
[…]very couple of internet sites that happen to become in depth beneath, from our point of view are undoubtedly properly worth checking out[…]
golf cart rentals
[…]usually posts some really intriguing stuff like this. If you are new to this site[…]
Frenchie Puppies
[…]we like to honor a lot of other web web sites around the web, even when they arent linked to us, by linking to them. Below are some webpages really worth checking out[…]
French Bulldog Puppies Near Me
[…]always a big fan of linking to bloggers that I really like but really don’t get a lot of link really like from[…]
probiotic dog treats
[…]please check out the web pages we follow, such as this a single, because it represents our picks from the web[…]
satoshi t shirt
[…]Sites of interest we’ve a link to[…]
brazil crop top
[…]usually posts some very exciting stuff like this. If you are new to this site[…]
floodle puppies for sale
[…]one of our visitors a short while ago encouraged the following website[…]
frenchie chihuahua mix
[…]Sites of interest we’ve a link to[…]
fart coin
[…]Here is a good Weblog You might Find Fascinating that we Encourage You[…]
fluffy french bulldog
[…]Every after inside a although we select blogs that we study. Listed below would be the newest web-sites that we decide on […]
lilac french bulldogs
[…]Here are some of the internet sites we advise for our visitors[…]
linh hoang
[…]usually posts some quite intriguing stuff like this. If you are new to this site[…]
in vitro fertilization mexico
[…]The information and facts mentioned in the report are some of the ideal accessible […]
joyce echols houston
[…]Sites of interest we have a link to[…]
clima de buenos aires
[…]although internet sites we backlink to beneath are considerably not connected to ours, we really feel they’re truly really worth a go by way of, so have a look[…]
dogs papers
[…]very handful of web-sites that happen to be detailed below, from our point of view are undoubtedly effectively worth checking out[…]
ro private server
[…]Here are several of the websites we recommend for our visitors[…]
wix seo service
[…]Here is a good Blog You might Find Intriguing that we Encourage You[…]
wix seo professional
[…]check below, are some absolutely unrelated internet sites to ours, on the other hand, they’re most trustworthy sources that we use[…]
wix seo service
[…]that would be the end of this write-up. Here you will come across some web pages that we consider you will value, just click the hyperlinks over[…]
free sex cams
[…]one of our guests not long ago recommended the following website[…]
free cam girls
[…]very handful of web sites that happen to be comprehensive beneath, from our point of view are undoubtedly well worth checking out[…]
live adult webcams
live video chat
live video chat
[…]very couple of web-sites that occur to become detailed below, from our point of view are undoubtedly effectively worth checking out[…]
cheap webcam sex
[…]Here are several of the web sites we suggest for our visitors[…]
rebirthro
tron address scan
[…]please take a look at the websites we follow, like this a single, as it represents our picks from the web[…]
tron address scan
[…]one of our visitors not long ago proposed the following website[…]
trc20 token generator
[…]that would be the end of this post. Here you will obtain some sites that we think you will value, just click the hyperlinks over[…]
cheap cam sex
[…]very couple of sites that happen to become comprehensive below, from our point of view are undoubtedly very well really worth checking out[…]
free adult webcams
[…]just beneath, are quite a few absolutely not connected websites to ours, even so, they may be certainly worth going over[…]
virtual mailbox service
[…]below you will locate the link to some web-sites that we assume you’ll want to visit[…]
Silicon Valley CA Fixer Upper Home Search
[…]please pay a visit to the internet sites we stick to, including this a single, because it represents our picks in the web[…]
CA New Constructions Homes
[…]although web sites we backlink to beneath are considerably not associated to ours, we really feel they may be actually really worth a go as a result of, so possess a look[…]
kooky
[…]the time to study or stop by the content material or websites we’ve linked to beneath the[…]
Comments are closed.