Millennium acquires stake in Droombos estate
Millennium Investment Group (MIG) recently made a move in the hospitality sector with its recent acquisition of an equity stake in Droombos Estate, a luxury hospitality destination located just outside Windhoek.
The strategic partnership reflects both MIG's ambitions and Namibia’s broader economic goals, particularly in the areas of job creation, economic diversification, and strengthening the tourism sector.
Droombos, which opened its doors in 2018, has quickly become one of Namibia’s most distinguished hospitality venues, offering a perfect blend of modern elegance and rustic charm.
The investment is expected to boost local businesses by increasing guest traffic, attracting foreign currency through tourism, fostering cultural exchange, and driving regional economic development.
Miguel Hamutenya, CEO of MIG, emphasised the alignment of this investment with Namibia's long-term goals. “As Namibia celebrates 35 years of independence, our equity stake in Droombos supports national priorities by contributing to job creation, economic diversification, and positioning the country as a key player in tourism and regional development,” Hamutenya said.
MIG, a wholly Namibian-controlled investment group, boasts a diverse portfolio across sectors such as energy management, property development, oil and gas, legal services, and fishing.
With over 21,000 m² of commercial property holdings, MIG continues to expand its influence in key industries within Namibia.
Kalie van der Merwe, the proprietor of Droombos, reflected on the early challenges the estate faced. “We opened in September 2019, and just six months later, the world shut down. We found ourselves in lockdown at Droombos—not the worst place to be, but the uncertainty was daunting,” he recalled.
Despite the challenges, the experience has only strengthened their resolve to propel Droombos forward.
The strategic partnership reflects both MIG's ambitions and Namibia’s broader economic goals, particularly in the areas of job creation, economic diversification, and strengthening the tourism sector.
Droombos, which opened its doors in 2018, has quickly become one of Namibia’s most distinguished hospitality venues, offering a perfect blend of modern elegance and rustic charm.
The investment is expected to boost local businesses by increasing guest traffic, attracting foreign currency through tourism, fostering cultural exchange, and driving regional economic development.
Miguel Hamutenya, CEO of MIG, emphasised the alignment of this investment with Namibia's long-term goals. “As Namibia celebrates 35 years of independence, our equity stake in Droombos supports national priorities by contributing to job creation, economic diversification, and positioning the country as a key player in tourism and regional development,” Hamutenya said.
MIG, a wholly Namibian-controlled investment group, boasts a diverse portfolio across sectors such as energy management, property development, oil and gas, legal services, and fishing.
With over 21,000 m² of commercial property holdings, MIG continues to expand its influence in key industries within Namibia.
Kalie van der Merwe, the proprietor of Droombos, reflected on the early challenges the estate faced. “We opened in September 2019, and just six months later, the world shut down. We found ourselves in lockdown at Droombos—not the worst place to be, but the uncertainty was daunting,” he recalled.
Despite the challenges, the experience has only strengthened their resolve to propel Droombos forward.
