Govt pays N$100m for Swakop hotel

After TransNamib rejected Cabinet’s directive to sell its stake for a mere N$5 million, government has now decided to pay out the hotel’s foreign shareholder.
Cindy Van Wyk
OGONE TLHAGE WINDHOEKCabinet has approved a N$100 million purchase of the foreign-owned stake in Swakopmund Hotel and Entertainment Centre, after months of protracted ne ...