Sumary of Namibia: Tourism Board Depletes Cash Reserves:

  • The Namibia Tourism Board is depleting its cash reserves as the industry continues to suffer blows with the ever changing travel restrictions, said chief executive officer Digu //Naobeb..
  • //Naobeb, who was speaking at a press briefing on Saturday, said they have been self-sustainable since 2016 with tourism booming, however, these glory days have ended as they have requested for funds from the government..
  • Before the world closed down last year as a result of the Covid-19 virus, NTB had a healthy cash reserve of N$30,2 million but this has come down to N$8 million..
  • //Naobeb said the event will be iconic because the NTB and delegates will be looking at conceptualising branding Africa as a tourism destination, rather than a continent riddled with corruption, poverty and civil wars..
  • Sign up for free AllAfrica Newsletters He added that the NTB board is reimagining the revival of Namibia’s tourism industry as the country plummets towards its third wave of infections from the coronavirus..
  • //Naobeb said the availability of vaccines was initially seen as an answer to tourism recovery, however, as countries have different requirements and the vaccines do not provide certainty, the industry needs to rework its strategy for recovery..
  • Furthermore, he noted that restrictions imposed by international source markets for tourists from countries such as Germany, the United Kingdom and Italy has thrown a spanner in Namibia’s plans to revive its tourism sector…

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