Industry

NTB revenue declined by N.dollars 30 million in 2020: Shifeta

Summary

The Namibia Tourism Board (NTB) recorded a revenue decline of N.dollars 30 million, from N.dollars 40 million in 2019 to N.dollars 10 million in 2020, due to the COVID-19 pandemic.This was revealed by Minister of Environment and Tourism Pohamba Shifeta…

The Namibia Tourism Board (NTB) recorded a revenue decline of N.dollars 30 million, from N.dollars 40 million in 2019 to N.dollars 10 million in 2020, due to the COVID-19 pandemic.

This was revealed by Minister of Environment and Tourism Pohamba Shifeta in an interview with Nampa, where he noted that they are now lobbying for donor funding to assist NTB.

Shifeta explained that the tourism board is heavily dependent on levies paid by the hospitality industry. However, due to the COVID-19 pandemic’s impact on the hospitality industry, NTB collected far less in levies last year than it did in previous years.

“Even with the current allocation (N.dollars 3.1 million) from the national budget, we know would not be able to survive. We are going to review their allocation, lobby for donor funding and also consider all possible options to ensure that they survive the pandemic,” the minister said.

Last week, Shifeta while tabling the ministry’s N.dollars 525 million budget for the 2021/22 financial year, said tourism growth development and gaming regulations have been allocated N.dollars 17 million, which is aimed at reviving the local tourism industry in line with the International Tourism Revival Initiative.

He said in collaboration with multiple partners, the ministry will continue to ensure the implementation of the Conservation Relief, Recovery and Resilience Facility (CRRRF), which was established in May 2020 and offers targeted support mainly to communal conservancies and tourism enterprises in conservancy areas.

“Through the CRRRF, we have managed to disburse N.dollars 19 million to 79 conservancies while over N.dollars 10.4 million has been paid out to tourism business enterprises and small and medium enterprises (SMEs) operating in conservancies,” he said.

Shifeta further noted that priorities under this programme will be the establishment of the long-awaited State lottery and gaming boards to oversee the development of a national lottery and to improve the regulation of the gambling sector. These entities once established, are expected to generate more revenue for the Treasury.

Source: Namibia Press Agency