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Marsh Africa, powerful new insurance force

In Walvis Bay the office is manned by (front, fltr) Amanda Loubser – Account Executive, Jolien Gresse – Account Executive Assistant: Commercial Business, Marcella Britz – Receptionist and Account Executive Assistant: Personal Clients. In the back row are from the left: Lindie Reyneke – Account Executive Assistant: Commercial Business, Cindy Kruger – Junior Account Executive / Assistant: Commercial Business, Riaan Lotriet – Manager: Coastal Division, Jane van der Merwe – Account Executive Assistant: Claims, Lukas Shanyengange – Office Administrator, and Shaneen Ockhuizen – Account Executive Assistant: Claims.

Announcing the formation of a new insurance broking and risk management company that covers Africa, the Managing Director of Marsh Namibia, Mr Herman Krause said “When the significant resources of Marsh & McLennan companies and Alexander Forbes Risk Services, were combined across the continent to form Marsh Africa, we achieved a number of strategic benefits for our clients.”
 Krause, based in Windhoek said Marsh (Namibia) is a leading insurance broker and risk advisor that forms part of Marsh Africa. “The Marsh brand is a major global force in insurance broking and risk management and their immense resources are beneficial to our broad client base.” Gloating just a shimmer, Krause said “We believe that no other company can match the breadth of our portfolio, the depth of our expertise and our strong track record of building lasting partnerships with clients.”

“Our focus remains on satisfying our client’s insurance needs in an environment where we can demonstrate uncompromising governance and ethical standards.
We operate and deliver value of which we are proud, both at the coastal region and elsewhere in Namibia” he said referring to their very strong presence in Windhoek, Swakopmund and Walvis Bay. “At Marsh we like to add improvements to products to differentiate us from our competitors and to add value for our clients.
Some of these products have to be tailor-made to suit client needs, whilst others are standard market products” he said adding that a magnitude of products exist for the various sectors of business.
Marsh (Namibia) has two offices at the coast with its Head Office in Windhoek.  
Both coastal offices deliver products to a variety of clients ranging from the fishing industry and the mining sector to engineering, ship repairs, industrial operations, transport companies, small businesses and personal clients.

About The Author

Following reverse listing, public can now acquire shareholding in Paratus Namibia


20 February 2020, Windhoek, Namibia: Paratus Namibia Holdings (PNH) was founded as Nimbus Infrastructure Limited (“Nimbus”), Namibia’s first Capital Pool Company listed on the Namibian Stock Exchange (“NSX”).

Although targeting an initial capital raising of N$300 million, Nimbus nonetheless managed to secure funding to the value of N$98 million through its CPC listing. With a mandate to invest in ICT infrastructure in sub-Sahara Africa, it concluded management agreements with financial partner Cirrus and technology partner, Paratus Telecommunications (Pty) Ltd (“Paratus Namibia”).

Paratus Namibia Managing Director, Andrew Hall

Its first investment was placed in Paratus Namibia, a fully licensed communications operator in Namibia under regulation of the Communications Regulatory Authority of Namibia (CRAN). Nimbus has since been able to increase its capital asset base to close to N$500 million over the past two years.

In order to streamline further investment and to avoid duplicating potential ICT projects in the market between Nimbus and Paratus Namibia, it was decided to consolidate the operations.

Publishing various circulars to shareholders, Nimbus took up a 100% shareholding stake in Paratus Namibia in 2019 and proceeded to apply to have its name changed to Paratus Namibia Holdings with a consolidated board structure to ensure streamlined operations between the capital holdings and the operational arm of the business.

This transaction was approved by the Competitions Commission as well as CRAN, following all the relevant regulatory approvals as well as the necessary requirements in terms of corporate governance structures.

Paratus Namibia has evolved as a fully comprehensive communications operator in Namibia and operates as the head office of the Paratus Group in Africa. Paratus has established a pan-African footprint with operations in six African countries, being: Angola, Botswana, Mozambique, Namibia, South Africa and Zambia.

The group has achieved many successes over the years of which more recently includes the building of the Trans-Kalahari Fibre (TKF) project, which connects from the West Africa Cable System (WACS) eastward through Namibia to Botswana and onward to Johannesburg. The TKF also extends northward through Zambia to connect to Dar es Salaam in Tanzania, which made Paratus the first operator to connect the west and east coast of Africa under one Autonomous System Number (ASN).

This means that Paratus is now “exporting” internet capacity to landlocked countries such as Zambia, Botswana, the DRC with more countries to be targeted, and through its extensive African network, Paratus is well-positioned to expand the network even further into emerging ICT territories.

PNH as a fully-listed entity on the NSX, is therefore now the 100% shareholder of Paratus Namibia thereby becoming a public company. PNH is ready to invest in the future of the ICT environment in Namibia. The public is therefore invited and welcome to acquire shares in Paratus Namibia Holdings by speaking to a local stockbroker registered with the NSX. The future is bright, and the opportunities are endless.