Namibia’s economy improving, says Finance Minister - Namibia Safari and Lodges - Gondwana Collection

COVID-19. Status quo in Namibia.

It is with regret that Gondwana Collection Namibia has learnt that the COVID-19 virus has reached Namibia. On 14 March 2020, President Hage Geingob confirmed the first two cases. On 17 March, the President declared a state of emergency.

On 24 March 2020, the additional measures in response to the COVID-19 outbreak have been announced. They include a lockdown of the Khomas and Erongo regions from 27 March until 16 April 2020. For regulations and guidelines please click here. Namibia has 16 confirmed COVID-19 cases thus far (as of 5 April 2020).

Gondwana is fully aware of the current situation and continues to monitor the spread of the virus and the resulting changes to our industry. In view of the state of emergency and the additional measures ordered by the government, employees at Gondwana House in Windhoek will be working from home. Due to international and regional travel restrictions Gondwana has reduced its operations at the lodges as far as possible. Most employees have been sent home, at full pay. 

The Ministry of Health has made availability for a toll-free phone number within Namibia for queries with regards to COVID-19. The toll-free number is 800-100-100 or alternatively 911.

Namibia with Heart and Soul: Take our hand and let us introduce you to this awe-inspiring country. Come and stay with us, experience Namibia.


Where the Namib Desert stretches languidly from the Atlantic Ocean and wild land extends into infinity, dreams become real. At this place where fantasy meets reality, you'll find the Gondwana Collection safely positioned.

Take our outstretched hand and let us introduce you to our extraordinary country, Namibia. From the massive chasms of the Fish River Canyon, the fossilised dunes of the Namib Desert and the red sands of the Kalahari Desert to the waterways of the Kavango and Zambezi, there are countless marvels to behold. Explore this awe-inspiring wilderness from the warmth of our lodges, created with conservation cognizance and ample character. And return to relax after an exciting day of discovery.

This is the Gondwana feeling: Namibia with heart and soul.

Come and stay with us, experience Namibia.

About us

Namibia, our inspiration – Value Creation Report 2019

It is with great pleasure and pride that Gondwana Collection Namibia would like to share our first Value Creation Report with you.

Proudly Namibian, Gondwana is a company with soul. The essence of our culture is intangible.

  • To be a brand of unwavering integrity and passion.
  • To have a lasting impact on our planet and the people whose lives we touch.
  • To make our country, our team and all stakeholders proud.


Namibia2Go Car Rental

Experience Africa like never before. Explore Namibia your way with our well-maintained and fully inclusive rental vehicles. NAMIBIA2GOEasy. Hassle free. Unforgettable.

We offer a comprehensive travel service including car rental, accommodation, safaris and self-drive itineraries and day trips. Interested?

Cardboard Box Travel Shop

Cardboard Box Travel Shop is a renowned tour operator in Windhoek that specialises in Namibian tours, either self-drive or with an experienced guide. The comprehensive (online) travel service covers among others car rental, accommodation, domestic and regional flights, safaris and route planning, including destinations in Botswana, Zambia (Livingstone) and Zimbabwe (Victoria Falls). more

Safari2Go - The easiest way to travel the country!

3 Day / 2 Night – Sossusvlei Safari Shuttle
Exciting adventures await those who partake in this exhilarating safari to Sossusvlei, one of the most spectacular sites in the world. The magnificent star dunes are a photographer’s dream and the spectacular landscape will leave memories to last a lifetime. more

10-Day Namibian Highlights Tour
Enjoy Namibia’s most popular destinations on this compact guided tour that incorporates visits to the Kalahari and Namib deserts – including the famed Sossusvlei dunes, the intriguing coastal town of Swakopmund, the Twyfelfontein rock engravings and Etosha National Park. more

7-Day Northern Namibian Adventure Tour
Enjoy Namibia’s most popular destinations on this compact guided tour that incorporates visits the intriguing coastal town of Swakopmund, the Twyfelfontein rock engravings which received the UNESCO world heritage status in 2007, and the legendary Etosha National Park. more

Further information and booking enquiries: info(at) | Tel: +264 (0)84 000 9900

Boxed2Go Self-Drive Safaris

Let us spoil you with Gondwana Collection’s exceptional self-drive safari packages including accommodation, vehicle and a detailed route map guide. Make use of our comprehensive travel services to book an unforgettable safari. Discover the spectacular secrets Namibia holds. more

GO EPIC - Experience Namibia’s famed locations (11 days)
GO BIG - Discover Namibia's main attractions (13 days)
GO WILD - Track Namibia's awesome wildlife (12 days)

Namibia Road Map 2019/20

Anyone touring Namibia should definitely take our road map along. It is available from Gondwana free of charge, or as pdf download. This map features fascinating experiences plus recommended accommodation. At the same time it is an ordinary road map with all the essential information of the official Namibia road map by Prof. Uwe Jäschke and the Roads Authority of Namibia.

Gondwana's Newsroom

Namibia’s economy improving, says Finance Minister

Avatar of inke inke - 22. August 2017 - Economics

Namibia's Finance Minister Calle Schlettwein

Finance Minister Calle Schlettwein has called on the country’s private sector and the investor community to “remain positive and supportive” despite a downgrade in rating. 
Speaking at a business breakfast organised by the Namibia Chamber of Commerce & Industry (NCCI), Minister Schlettwein said on 21 August 2017, the government’s fiscal consolidation measures were credible and showed results, while remaining on track. 

In a surprise move, Moody’s Investors Service downgraded Namibia international credit rating from Baa3 to Ba1 a week earlier. At a previous rating in December 2016, Namibia kept its investment status, but Moody’s changed the country’s outlook to ‘negative’. “Our government has taken note of this decision with concern, we do not concur with this assessment,” Schlettwein noted, “Namibia’s economic activity and outlook for this year is better than a year ago.” 

Moody’s reasons for downgrade 

Moody’s has, late on 11 August 2017, downgraded Namibia’s long-term senior unsecured bond rating from Baa3 to Ba1 with a negative outlook. This is a non-investment grade or ‘junk’ status. Moody’s cited an “erosion of Namibia’s fiscal strength” and alleged “increasing debt burden” as concerning. It also noted limited institutional capacity to manage possible shocks and to address long-term fiscal rigidities. Moody’s also saw a risk with the Namibian government’s liquidity. 

In the political front, Moody’s noted that the upcoming elective congress of the ruling SWAPO party at year-end and the next parliamentary and presidential elections slated for the end of 2019 could bring uncertainty.

Frank discussions

In his open and frank dialogue with the business community, Minister Schlettwein said, since last September the government introduced measures to cut expenditure, freeze new infrastructure projects and refrain from new debts. “In my mid-term budget review in Parliament last October I announced these measures, which include cuts of N$5 billion for the financial year, which ended 31 March. Barely four months into the new financial year, Moody’s rating is – in our view - made too early and, therefore, on a very narrow base and may contain speculative conclusions on the performance of the budget for this whole financial year.”

Tax collection had been better this year, with about 40 percent already collected to date. 

Government’s debt level was brought down to 41.9 percent of GDP (gross domestic product). The budget deficit decreased from 8.3 to 6.3 percent. 

Namibia’s foreign exchange reserves increased to 5.3 months of import cover by June 2017. “This is a crucial variable in credit worthiness that cannot be ignored. It is puzzling that at a time when Namibia’s import coverage has increased, Moody decides to downgrade our credit ratings,” Schlettwein pointed out. 

Bouncing back 

Key economic sectors such as mining and agriculture started to rebound improving economic and revenue prospects. “Tourism enjoys robust growth, the severe impact on the construction industry is diminishing,” he added.

Government has already paid N$1.7 billion of the outstanding invoices to contractors – mainly construction. The remaining outstanding invoices of some N$2 billion would be paid by the end of August, Schlettwein emphasised. He also noted that expenditure not approved by his Ministry and Cabinet would in future not be tolerated. “Government has introduced the performance management system for Ministers and government officials. Those who not perform must bear the consequences,” Schlettwein made clear.

According to the Namibia Statistic Agency (NSA), the country’s economy grew by 1.1 percent in 2016, up from the projected 0.9 percent. For 2017, around two percent growth is expected and 3.7 percent for 2018.

“For us as government it remains very important that our social and pro-poor approach in the national budget is supported. Social grants are paid and this month the government pension was increased by N$100 to N$1,200 monthly,” the Minister explained.

Reforms coming

Government was aware of its high wage bill for over 100,000 civil servants and was addressing it, Schlettwein told the business community. It had to be done in a humane and responsible way. Offering voluntary civil servants retirement at the age of 50 was being mooted.

“We also envisage an aggressive reform of public enterprises. Many public enterprise think they need not make profits and need not pay dividends to government and that they will get bailed out, when in dire financial straits, this has to change” he pointed out. 

To stimulate the economy, Namibia’s central bank lowered its repo rate from 7 to 6.75 percent on 16 August.

Brigitte Weidlich 

Comments are disabled for this post.


Explore the Gondwana Blog

Subscribe to our blog and receive email notifications of all our latest articles & stories.

View the Blog

Romantik Hotels & Restaurants

200 hospitality establishments in the most beautiful locations in Europe - enjoy, relax and experience.

Read more

Stay up-to-date with our monthly 'Gondwana Tracks' Newsletter Sign up Today