The Namibia Airports Company (NAC)’s recently-concluded annual general meeting marked a significant achievement for the company in that it is now up-to-date and fully-compliant with the submission of its audited annual financial statements (AFS). The recent AGM, held at the end of September, was chaired by NAC board chairperson Leake Hangala, who announced the company had a positive return in the 2023/2024 financial year, recording a profit after tax of N$40 million. 

“This demonstrates the shared commitment to the company’s strategic direction. The NAC is currently operating at approximately 92% pre-Covid levels in terms of overall passenger volumes,” reads an NAC statement.   

Moreover, the NAC’s AFS highlighted several positives, notably that the company has for three consecutive years received a clean audit. 

The NAC also continued a positive trajectory of profit-making position, recording an increase in profit of more than N$19 million recorded in 2023 to N$40 million recorded in 2024.  

Reflecting on the organisation’s achievements over the previous year, NAC chief executive officer Bisey /Uirab remarked: “NAC demonstrated resilience and determination, navigating challenges, while forging a strategic direction.”  Hangala added that the company has maintained stability, amidst evolving local and international challenges. 

“Let me thank our shareholders for giving the NAC board the mandate to lead, counsel and steer the company in carrying out its mission and vision. The NAC board is unwavering in its dedication to maintaining and promoting the best practices in corporate governance throughout the whole organisation,” he stated. 

Meanwhile, NAC noted that envisaged airport infrastructure developments in the near future include establishment of a solar PV plant at the Hosea Kutako International Airport (HKIA), Eros, and Andimba Toivo Ya Toivo airports at the cost of N$9.5 million. 

Also, the company intends to develop master plans for all eight airports in the new financial year, and further discussions with local stakeholders on the establishment of an aviation training school. Other developments the NAC envisaged completing in the near future include the finalisation of the transfer of land to NAC for the construction of new terminal buildings at Katima Mulilo, Rundu and Lüderitz airports, and upgrading of the parking management system at HKIA, Walvis Bay Airport and Andimba Toivo ya Toivo Airport. 

Other significant focus areas include the review of the current Integrated Strategic Business Plan (ISPB) and development of a new five-year ISBP, inclusive of current and future national and global initiatives, full implementation of the Performance Management System (PMS); implementation of the succession plan for executives and strategic staff close to retirement to ensure business continuity,   and continued improvement of maintenance and repairs at all the airports to ensure optimal functioning of the infrastructure. 

In terms of new routes, the NAC noted that Discover Airlines (Lufthansa Group) intends the introduction of a new route, three flights per week, out of Munich to Windhoek, set for 01 April 2025. 

Air Botswana’s inaugural route, Windhoek and Gaborone, is expected to commence this month, while Maun-WHK and Kasane-WHK are scheduled to commence in November 2024. All these routes will be three times per week. 

FlySafair will also commence twice-weekly operations on 22 October 2024 from Cape Town to Windhoek.