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PUBLIC ENTERPRISES
Windhoek Country Club Declares N$11 Million Dividend to Government
The resort’s dividend payment highlights the financial contribution of state-owned enterprises to government revenue as Namibia seeks to strengthen the performance of public businesses.
By Johanna N Festus
Windhoek Country Club Resort has declared N$11 million in dividends to the government for the financial year ended 30 April 2026, highlighting the resort’s contribution to public revenue through its hospitality and gaming operations.
Minister of Environment, Forestry and Tourism Indileni Daniel commended the resort’s board and management for their financial performance at its Annual General Meeting in Windhoek on Friday, describing the establishment as one of the better-performing public enterprises.
The dividend represents a financial return to the government as the resort’s shareholder, demonstrating how commercially operated public enterprises can contribute to state revenue while providing services in the tourism and hospitality sector.
The resort operates under the Ministry of Environment, Forestry and Tourism and offers accommodation, conferencing and gambling services, generating business activity across several segments of the hospitality industry.
Its financial performance is relevant to Namibia’s tourism economy, where hospitality establishments depend on visitor demand, conference bookings and other commercial activities to generate revenue.
In May 2025, The Namibian reported that the resort generated N$205.6 million in revenue during the 2023/24 financial year. Its board chairperson, Evans Simataa, said the business had recovered from the disruption caused by the Covid-19 pandemic and was seeking further revenue growth.
The latest N$11 million dividend provides an indication of the resort’s continued ability to deliver a financial return to its shareholder. However, the dividend alone does not establish whether revenue or profit increased or declined compared with the previous financial year.
The annual general meeting also provided an opportunity to review the resort’s financial position and identify priorities for the year ahead.
For government, the performance of commercial public enterprises matters because dividends can provide additional income, while financially sustainable operations can reduce the need for shareholder support.
Further details on the resort’s revenue, net profit, operating costs and outlook would help establish the factors behind the latest dividend declaration and whether its financial performance is improving.
