Our History - Celebrating 25 Years of vision in Africa
United Africa Group (Pty)
Ltd was founded in 1992 by Haddis Tilahun. Since UAG’s inception, the Group has
established a variety of business interests and is active in many sectors of
the Namibian economy; Hospitality, Real estate, Property Development, Financial
Services, Renewable Energy and Health Care, to name a few.
The From humble beginnings in
1992, UAG has organically grown into a business with over NAD 1.7 Billion of
assets (USD 121 million) and 665 employees of which (46%) are women. The group
has a sizeable real estate portfolio in Windhoek’s Central Business District,
Namibia, consisting of over 35 000 square meters of Office Space and under 3000
square meters of Retail Space with a market value of NAD 750 million as at
February 2016.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. UAG has invested in excess
of NAD 800 million in the hospitality sector (USD 57 million), accumulating a
portfolio of 11 hotels with 530 rooms in the region through both build and
acquisition. Today UAG owns the pre-eminent hotel in Windhoek, the only 5-star
hotel, Hilton Windhoek which was developed by UAG and opened in May 2011.
Majority of the Group’s hotels are operated through the Protea Hotels brand by
Marriott International for which UAG has exclusive rights for within Namibia,
Angola and Ethiopia.This is how Protea
Hotels by Marriott 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.
UAG’s desire for innovation
has led the Group to explore new grounds within the Casino gaming industry. Consequently,
in June 2015 the Plaza Casino
Windhoek, the first ever 100% Namibian owned and
managed casino opened its doors to the public. UAG also operates the Plaza
Casino Ondangwa in the Northern region of Namibia. A key focus is to diversify
and grow the gaming division for UAG.
UAG is engaged in a number
of complex infrastructure projects and has Investments in various sectors. The
current pipeline projects will increase the group assets to NAD 1.95 Billion
(USD 142 million). UAG aims at transforming the skyline of Windhoek in 2017 to
a cosmopolitan one by developing the 4 star Hilton Garden Inn
as well as the 1990
a mixed-use property development which will consist of high
end apartments, penthouses and retail space. The completion of these new
property developments will complete the Eliakim Namundjebo Plaza.
UAG has identified that the
sub Saharan African market will be affected by the shortage of energy supply,
and has made the strategic decision to trade in the utility sector. As
Namibia's first ever Independent Power Producer (IPP) license holder, UAG has
launched the Diaz Wind Power
which will generate 44MW at a utility scale through wind power.
In terms of Financial
, UAG is an equity partner with Liberty Holdings Namibia and thus
is fully engaged in long and short term insurance, asset and wealth management;
with an asset capitalization of over NAD 18 Billion under management. UAG’s most recently ventured into the Healthcare
sector via the establishment
of the Kidney Care Center.
center aimed at providing patients with the best treatment for end stage renal
failure and includes the management of complications arising from dialysis. The
company aims to roll out at least 5 dialysis centers throughout the country.
As a Namibian company, we strive to grow and develop our
market penetration to a regional SADC level, Sub-Saharan African and
International level at large. Our strategy has allowed us to become a
significant player in the local market, by diversifying our portfolio by
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. As one of the most agile
companies, we aim to grow beyond our borders to develop other African economies
(such as the Democratic Republic of Congo, Congo Brazzaville and Botswana) and
contribute towards a United Africa. 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.