Discover Namibia's Hospitality Investment Scene at AHIF 2024

Discover Namibia's Hospitality Investment Scene at AHIF 2024

By Author

Published on October 17, 2023

Mark your calendars for the 2024 Africa Hotel Investment Forum (AHIF), the continent's premier tourism and hotel investment conference. Scheduled from June 25 to June 27, 2024, AHIF is set to take place in the beautiful nation of Namibia. This conference attracts prominent international hotel owners, investors, financiers, management companies, and their advisors.

The event will be hosted at Namibia's Mövenpick and Mercure hotels, both of which underwent a complete renovation after being acquired in 2021 by a fund managed by Kasada Capital Management. This fund is a leading independent real estate private equity platform dedicated to the hospitality industry in Africa, and their investment is set to bring a fresh perspective to the hospitality scene in Namibia. Consequently, AHIF will proudly showcase the relaunch of these revitalized properties.

Delegates attending AHIF in 2024 are in for an exceptional experience, combining business with a touch of adventure. The weekend leading up to the conference will include various inspection trips to explore Namibia's top hospitality investment projects and tourism attractions. These include awe-inspiring desert landscapes, thrilling adventure sports, and unforgettable safaris where you can spot endangered black and white rhinos, antelopes, cheetahs, elephants, giraffes, hippos, lions, ostriches, and zebras.

These trips will be more than just educational; they will provide valuable networking opportunities. Delegates from AviaDev, Africa's premier airline route development conference, will also participate. AviaDev is scheduled at the same venue the week before AHIF, making it a strategic opportunity for networking with professionals from both industries.

In the years leading up to the COVID-19 pandemic, Namibia's tourism sector experienced consistent growth. According to the Ministry of Environment, Forestry, and Tourism, visitor numbers grew by an impressive 5% annually, from just under 1.2 million in 2012 to 1.6 million in 2019. However, the pandemic dealt a severe blow to the country's tourism industry, with visitor arrivals dropping below 200,000 in 2020.

Nangula Uaandja, Chairperson and Chief Executive Officer of the Namibia Investment Promotion and Development Board (NIPDB), expressed their excitement about hosting AHIF in 2024. They stated, "Securing the bid to host AHIF 2024 is not just a win for Namibia, but also an affirmation of our national potential. We are delighted to welcome the international hospitality investment community to explore the untapped investment potential of our tourism industry. Namibia is a strikingly beautiful country, with picturesque landscapes that are guaranteed to charm at first sight."

Moreover, Namibia is fully committed to attracting foreign investments that stimulate economic activity and job creation. The government's commitment is evident through their progressive regulatory and policy frameworks, a robust legal system, seamless profit repatriation, and an independent judiciary that safeguards the rights of all investors.

Olivier Granet, Managing Partner and CEO of Kasada Capital Management, expressed his pride in partnering with The Bench on AHIF 2024. He looks forward to welcoming guests to the newly refurbished Mövenpick and Mercure hotels. The extensive refurbishment of these hotel complexes and conference center reflects their strategy of enhancing the hospitality sector in key African cities.

Matthew Weihs, Managing Director of The Bench, which organizes AHIF, shared his excitement about the upcoming event. He mentioned, "We are very excited that AHIF will, for the first time, go to a SADC country next year. Investing in Africa is all about uncovering and seizing new opportunities. To do that, one needs to expand one's horizons by going to different places, meeting new people, and exploring alternative scenarios. By scheduling AHIF and AviaDev on either side of a weekend in Windhoek and offering a selection of inspection trips for our delegates, we aim to do just that, along with providing unrivaled networking opportunities, a vital ingredient for any conference."

The Africa Hotel Investment Forum (AHIF) in Namibia promises not only insights into the hospitality investment sector but also unforgettable experiences exploring the natural grandeur of this stunning nation.


Adie Broswon Breweries Enters Strategic Manufacturing Partnership with United Breweries

Adie Broswon Breweries Enters Strategic Manufacturing Partnership with United Breweries

By Hariharan U

Published on July 16, 2026

Adie Broswon Breweries (ABB), a division of The Adie Broswon Group, has entered into a long-term manufacturing arrangement with United Breweries Limited (UBL), strengthening its position as a key player in North India’s brewing and manufacturing ecosystem.

The partnership will leverage ABB’s advanced 12 million-case brewing facility, one of the largest brewing infrastructures in the region, enabling the company to support large-scale production requirements for leading beverage companies while enhancing manufacturing capabilities and operational efficiency.

Powered by German brewing technology from Ziemann, ABB’s brewery achieved its highest-ever annual production milestone of more than 5 million cases during FY2025–26. The facility operates on renewable-energy-powered systems and follows globally recognised manufacturing standards, including FSSC 22000 and QMS certifications, highlighting its commitment to quality, food safety, and sustainable operations.

The collaboration comes at a time when India’s beer industry is witnessing a shift towards more specialised manufacturing partnerships. Beverage companies are increasingly adopting strategic production arrangements to optimise regional supply chains, improve asset utilisation, and enhance production flexibility.

Large-scale breweries equipped with advanced technology, certified quality systems, and sustainable infrastructure are becoming increasingly important in supporting the growth and evolving requirements of India’s beverage sector.

The manufacturing arrangement with UBL further reinforces ABB’s capabilities as a reliable brewing partner with the scale, technology, and operational expertise required to support established beer brands across markets.

With its focus on manufacturing excellence, sustainability, and innovation, Adie Broswon Breweries continues to strengthen its role in India’s brewing ecosystem while contributing to the next phase of growth in the country’s beverage industry


Nimbus Group Reports 134.31% YoY Growth in Q1 FY27 Pre-Sales

Nimbus Group Reports 134.31% YoY Growth in Q1 FY27 Pre-Sales

By Manu Vardhan Kannan

Published on July 14, 2026

Nimbus Projects Limited (Nimbus Group), one of North India's leading real estate developers, has reported strong operational performance for the first quarter of FY27, driven by robust residential demand, higher customer collections and continued progress across its project portfolio.

During Q1 FY27, the company recorded a pre-sales booking value of ₹157.36 crore, marking a 134.31% year-on-year increase from ₹67.16 crore reported in the same quarter of the previous financial year.

Customer collections also witnessed healthy growth, rising 49.75% to ₹75.91 crore from ₹50.69 crore in Q1 FY26. The company said the increase reflects stronger cash flow, sustained customer confidence and efficient project execution.

Nimbus Group attributed its quarterly performance to its disciplined execution strategy, customer-focused approach and growing presence in the rapidly developing real estate markets of Noida, Greater Noida and the Yamuna Expressway (YEIDA) region. These markets continue to benefit from major infrastructure developments, improved connectivity and rising demand from homebuyers.

Q1 FY27 Operational Highlights

Particulars

Q1 FY26

Q1 FY27

Growth

Pre-Sales Booking Value

₹67.16 crore

₹157.36 crore

134.31%

Customer Collections

₹50.69 crore

₹75.91 crore

49.75%

Commenting on the performance, Mr. Bipin Agarwal, Chairman and Managing Director, said:

"The strong growth in pre-sales reflects sustained homebuyer confidence and healthy demand across our key markets. Our focus on timely execution and a disciplined sales strategy continues to support the steady conversion of bookings into collections, strengthening our cash flow position.

Looking ahead, the NCR, particularly Noida, Greater Noida and the Yamuna Expressway (YEIDA) corridor, is witnessing unprecedented infrastructure-led transformation. The launch of Noida International Airport, Ganga Expressway, expanding metro connectivity, industrial and logistics hubs, along with the proposed Japan City and Singapore City developments, have the potential to significantly enhance the region's investment appeal and reinforce long-term demand for quality residential and mixed-use developments.

As part of our long-term growth strategy, Nimbus is expanding beyond the NCR into high-potential markets across Uttar Pradesh. We have recently signed a Memorandum of Understanding (MoU) for the development of an integrated township project in Mathura, one of India's most revered holy cities, under the Uttar Pradesh Township Policy, 2023. We believe Mathura's growing religious tourism, improving infrastructure and increasing demand for organised real estate make it an attractive long-term growth market.

Building on this milestone, we are actively evaluating opportunities in other high-growth Tier II and Tier III cities, including Meerut, Vrindavan, Hapur, Rudrapur, Muzaffarnagar, Bareilly and Rohtak, through integrated townships and mixed-use developments. With our disciplined execution capabilities and customer-first philosophy, Nimbus is well-positioned to capitalize on these emerging opportunities while creating sustainable long-term value for our customers, investors and all stakeholders."

Looking ahead, the company plans to expand its footprint beyond the NCR by focusing on high-potential markets across Uttar Pradesh. Following the signing of an MoU for an integrated township project in Mathura under the Uttar Pradesh Township Policy, 2023, Nimbus Group is also evaluating opportunities in cities including Meerut, Vrindavan, Hapur, Rudrapur, Muzaffarnagar, Bareilly and Rohtak through integrated township and mixed-use developments.


Atelier Expressions Acquires Majority Stake in Luxury Mithai Brand Khoya

Atelier Expressions Acquires Majority Stake in Luxury Mithai Brand Khoya

By Hariharan U

Published on July 14, 2026

Atelier Expressions, the premium lifestyle platform of TVS VENU, has entered into an agreement to acquire a majority stake in Lonestar Hospitality Private Limited, the company behind New Delhi-based luxury handcrafted mithai brand Khoya. The transaction marks another milestone in Atelier Expressions' strategy of building a portfolio of premium artisanal businesses rooted in cultural heritage and craftsmanship.

The acquisition, which is subject to customary closing conditions, is expected to be completed by the end of August 2026.

Through its investment platform, Atelier Expressions partners with heritage-led businesses to help them scale while preserving their authenticity and distinctive identity. Khoya joins a growing portfolio of premium lifestyle brands that combine traditional craftsmanship with contemporary consumer appeal.

Founded in 2016 by Sid Mathur, Khoya has built a strong reputation for reimagining traditional Indian mithai for modern consumers. The brand blends premium ingredients, artisanal craftsmanship, and refined presentation to create luxury confectionery rooted in India's rich culinary traditions. Its portfolio includes handcrafted mithai, chikki, mukhwas, savoury snacks, and premium gifting collections, available through its online channels and select retail outlets in Delhi.

As part of the transaction, Sid Mathur will continue to lead the business, retaining full operational and execution responsibilities alongside his existing leadership team.

Commenting on the acquisition, Tara Venu, Executive Director of Atelier Expressions, said Khoya perfectly represents the type of business the platform seeks to support. She noted that the brand has successfully reinterpreted one of India's oldest culinary traditions for a new generation while preserving its authenticity, making it a natural addition to Atelier Expressions' expanding portfolio.

Speaking on the partnership, Sid Mathur said the investment represents an important opportunity to scale Khoya's presence across India, explore new collaborations, and strengthen its position in the premium confectionery segment. He added that Khoya was founded on the belief that Indian mithai deserves the same craftsmanship, creativity, and attention to detail as the world's finest luxury food brands, and that Atelier Expressions shares the company's long-term vision for quality-led brand building.

Before launching Khoya, Mathur played a key role in developing well-known restaurant brands including Smoke House Deli and Social during his tenure with the Impresario Group. He also founded Secret Ingredient, one of India's leading food consultancy firms, which has worked with hospitality brands and food businesses including Taj Hotels, The Oberoi, Chaayos, DLF, GMR, and Veeba.

The acquisition further expands Atelier Expressions' premium lifestyle portfolio, which already includes French Limoges porcelain house J.L. Coquet, Dubai-based restaurant Khadak, and London luxury motorcycle helmet manufacturer Hedon. Through these investments, the platform continues to focus on businesses that combine cultural heritage, exceptional craftsmanship, and long-term growth potential.

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