Gondwana Holdings Ltd has officially sold a 10% stake to Nam-mic Financial Services Holdings (NFSH), marking a significant step in the expansion of the Namibian tourism sector.
This partnership, finalized on July 3, 2018, comes after a year of negotiations and is expected to enhance Gondwana’s growth trajectory in the hospitality industry.
Key Takeaways
- Gondwana Holdings Ltd sold a 10% stake to Nam-mic Financial Services Holdings.
- The investment will fund the expansion of tourism facilities, including new lodges.
- NFSH aims to impact local communities positively through sustainable practices.
Strategic Partnership
The agreement between Gondwana and NFSH is a landmark deal, as it represents Gondwana’s first strategic partnership outside the financial sector.
NFSH, a broad-based black economic empowerment company, is committed to improving the socio-economic conditions of the communities it serves.
With all shares owned by the National Union of Namibian Workers and its affiliates, NFSH has a strong foundation in community development.
Investment Focus
The capital from this investment will be directed towards:
The Desert Grace: A new lodge set to open on November 1.
King Nehale Conservancy Lodge: Construction is expected to begin in the coming months.
This strategic investment is aimed at enhancing the overall tourism experience in Namibia, which is known for its stunning landscapes and rich wildlife.
Commitment to Sustainability
Gys Joubert, Managing Director of Gondwana, emphasized the company’s commitment to sustainability and community well-being. He stated, “We are obsessed with sustainability and therefore we do not practice inclusivity on the strength of envisaged legislation, but rather because we believe it is the right thing to do.”
This philosophy aligns with NFSH’s vision of creating a positive impact through tourism, ensuring that the benefits of the industry are shared inclusively from shareholders to local communities.
Future Prospects
The partnership is expected to pave the way for further developments in the Namibian tourism sector. With a focus on sustainable practices and community involvement, both Gondwana and NFSH are poised to make significant contributions to the local economy and the tourism landscape.
Walter Don, CEO of NFSH, expressed enthusiasm about the partnership, stating, “We are joining Gondwana with the best of intentions. We want to get involved and add value to Gondwana.”
This collaboration not only strengthens Gondwana’s position in the market but also highlights the importance of strategic partnerships in driving growth and sustainability in the tourism industry.