Since its inception in 1992, the United Africa Group has established a variety of business interests, and is active in many sectors of the Namibian economy: Real estate, Hospitality, Fuel Services, Financial Services, and Renewable Energy, to name a few.
In its 20 years existence, the company has grown its balance sheet to over N$1Billion and its revenue to N$290M per annum. Its current staff compliment is 567 employees, 262 of which (46%) are women. Based on the currently accepted multiplier of 9.2 for the areas in which UAG operates, this means that UAG has a direct and indirect impact on the lives of 5,216 people in Namibia.
Through significant investment in the different sectors of the Namibian economy, UAG has contributed and continues to contribute to creating business opportunities in a competitive environment, as well as to the economic growth of Namibia. One of its subsidiaries, United African Hospitality, occupies a dominant place in the Namibian Hospitality market due to the Group’s unique ability to identify successful brands with which it affiliates itself.
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This is how Protea Hotels and Hilton were introduced to the Namibian market, and Namibia is now recognized and known across the world as a country which is mature for international investment.
Furthermore, UAG has identified that the sub Saharan African market will be affected by the shortage of energy supply, and had made the strategic decision to trade in the utility sector. As Namibia’s first ever Independent Power Producer (IPP) license holder, UAG has entered into a joint venture with partners which are the largest providers of electricity in South Korea, and are responsible for the generation, transmission and distribution of electricity and the development of electric power projects including those in nuclear power, wind power and coal: KOMIPO.
2011 Opening of the Hilton Windhoek Hotel
Head office moved to Gutenberg Plaza
Opened United Bureau de Change
Won the Domestic Investor of the Year Award
Joint venture signed for wind farm plant by UAG, Sojitz Corporation and KOMIPO
Deal of the Year Award, Africa presented by Hilton International
Acquisition of Burning Shore Hotel
Erongo Desalination Plant commissioned
Named top 10 finalists for Legatum Pioneers of Prosperity Awards.
Launch and signing ceremony for Windhoek Hilton, Eliakim Namundjebo Plaza
Protea Hotels Chairman’s Award presented by Protea Hospitality Corporation
Acquisition of Furstenhof Hotel
As a Namibian company, we strive to grow
and develop our market penetration to the next level: regional (SADC), and sub-Saharan African at large. Our strategy has allowed us to become a significant player in the local market by diversifying our portfolio and developing businesses in several sectors of the economy. Apart from our innovative strengths and knowledge of the local market, our continued growth is based on characteristics that really differentiate us from our nearest competitors:
• our capacity to identify opportunities and our willingness to accept challenges;
• the great pride we place in our investments and our employees;
• the high ethical business standards that we maintain;
• the long-term, win-win partnerships that we strive to attain in all our business ventures ;
• our ability to understand and utilize business technology;
• our long term vision for growth and sustainability of our enterprises;
• Our ability to identify and affiliate ourselves with the world’s best brands and enterprises, and adapt them to the Namibian context.
• Our ability to attract, train, motivate and retain best talents.
• Our ability to continually reinvent ourselves when market and economic dynamics require it.
• Our ability to learn from our mistakes, move on and focusing on opportunities which generate the profits and returns we require.
• Our ability to integrate new businesses into our organization, rapidly, reflecting our agility.
• Our ability to take advantage of the different thought processes and skills within our leadership team, which allows us to move very quickly and deploy when opportunities arise.
As one of the most agile companies, we aim to grow beyond our borders to develop other African economies and contribute towards a united African people.
We believe that our creativity has given us the potential to grow innovatively in the business environment and we wish to diversify our structure performing outside and beyond the box.
20 years of vision, following
20 years of success