Staff Reporter
WINDHOEK, Jan. 31 — Germany has been further chosen to strengthen the Group’s resilience and offerings with the formation of a new European holding company, O&L Europe. These developments are part of the Ohlthaver & List (O&L) Group’s recent expansion plans, which also include developments for its Namibian subsidiaries, such as the establishment of a new Hangana Seafood factory and rebuilding Mokuti Etosha Lodge. Steffen Kammerer will serve as the organization’s Managing Director (MD) until it is formally founded in November 2022. The company will contain the O&L Group’s European companies and operations, principally in Germany.
O&L Europe will be made up of the already established O&L Nexentury (in the development of energy), O&L Immobilien (in the development and investment of real estate), O&L Sustainable Finance (in the development and investment of sustainable finance), as well as upcoming activities in the hospitality sector.
The O&L Group has a genuinely historic chance to take advantage of the German market’s tremendous development potential and lay the groundwork for further expansion. O&L, with its century-long heritage, stands for continuity and sustainability unlike any other company, which will help our new European operations grow.
“Sustainability is the strategic key that will allow us to handle the energy and environmental problems facing the market and open the door to our own success. Our European business model offers strategic financing, real estate and hospitality asset development services, and cradle-to-grave renewable energy infrastructure to address Germany’s and Europe’s most urgent energy and sustainability concerns.
Kammerer, who was originally one of three O&L Nexentury MDs, will continue to hold that position on the company’s board. The other two O&L Nexentury MDs are Rollie Armstrong for Nexentury Europe, which has Germany as its market, and Bernd Walbaum for Nexentury Africa, which includes operations in Namibia, South Africa, and Ivory Coast.
Sven Thieme, executive chairman of the O&L Group, stated that it was “very thrilling” to start the new year with O&L Europe’s potential in sight. This kind of investment makes the Group more resilient to external shocks and helps create a more stable environment where our current companies may prosper. I am thrilled to see these chances increase as we forge relationships, develop our capacities, and broaden our reach outside of our boundaries, which opens up more possibilities for our Group, as well as for our people and the nation.
