NWR reduces losses by N$77 million

• By Hilary Mare

NAMIBIA Wildlife Resorts Limited (NWR) announced improvements in its financial performance at the recently concluded annual general meeting (AGM) that took place this week.

NWR managing director Dr Matthias Ngwangwama announced that the hospitality firm reduced its losses from N$174 million in the year 2020 to N$97 million in the 2021 financial year 2021, an improvement of 44 percent or N$77 million.

“We have devised a strategy that will allow us to return to profitability. The strategy involves moving beyond just providing facilities. The launch of our NWR camera at the waterhole has created a huge interest in our resorts.

Read the full story in this week’s edition.