Windhoek Country Club Resort revenues surge by N$69 million

In the fiscal year 2023, Windhoek Country Club Resort overall revenues witnessed a remarkable improvement, surging by an impressive N$ 69.2 million year on year, Dr. Evans Simataa, chairperson of the Board of Directors of the hotel.

Simataa said this while handing over a dividend cheque to the amount N$20 million to Louise Shixwameni, Deputy Director in the Ministry of Finance and Public Enterprises.

Simataa highlighted that despite the challenges of the global pandemic, Windhoek Country Club Resort navigated through the turbulent times with great fortitude and no employees were retrenched during those times.

“In 2021 we recorded losses of N$ 17.7 million and in 2022 we reduced the loss to N$ 4.2 million. However, I am thrilled to report that our efforts and strategic initiatives have borne fruit, leading to a profit of N$ 15.3 million in the 2023 financial year. This marks the highest profit our business has recorded since 2014.”

Simataa expressed his gratitude towards the government of the Republic of Namibia, his fellow board members, and the management of Windhoek Country Club Resort. He concluded by saying that he was confident that 2024 was set to be the best financial year in the history of Windhoek Country Club Resort. “I look forward to the exciting journey that lies ahead.”

Louise Shixwameni who represented the Minister of Finance and Public Enterprises, Iipumbu Shiimi, also expressed her gratitude towards the board and management of Windhoek Country Club Resort as well as Legacy Hotels & Resorts Management Services.

“We want to continue the narrative of changing the legacy of public enterprises and Windhoek Country Club Resort is a shining example.”

She added that the hotel managed to come out of losses and this was mainly due to the good quality board and experienced management, as well as the high level of integrity and commitment everyone has towards the business.

“The property has a working business model and I encourage all the public enterprises to follow the example of the Windhoek Country Club Resort.”

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