/NTB depletes cash reserves

NTB depletes cash reserves

The Namibia Tourism Board is depleting its cash reserves as the industry continues to suffer blows with the ever changing travel restrictions, said chief executive officer Digu //Naobeb.

//Naobeb, who was speaking at a press briefing on Saturday, said they have been self-sustainable since 2016 with tourism booming, however, these glory days have ended as they have requested for funds from the government.

“We had cash reserves but last year we started using them and we are about to deplete them. Come around October this year, we may be out of money and not be able to pay salaries,” he said.

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