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Crayfish: A festival to remember

The Luderitz Crayfish Festival is an event intended for all audiences and is a platform for businesses to exhibit their products or services.

The 2015 Crayfish Festival is set to be the largest and most extravagant celebration, according to Suzan Ndjaleka, chairperson at the Luderitz Town Council. “The Crayfish Festival is an initiative of the Lüderitz Town Council, in partnership with the Central Government and Business Community, that presents an opportunity for all kinds of businesses to exhibit their products or services,” she said.

The festival is scheduled to launch on Friday 27 February, with the actual event taking place from 03 April 2015 to 06 April 2015, followed by a businesswomen seminar on the 2nd of April. Thereafter, smaller events that form part of the festival, such as the Miss Crayfish Festival pageant, will take place on 27 March. The theme for this year’s festival is ‘We Love The Sea’. “If all goes well, the people can expect a great surprise at this year’s Festival,” said Aunie Gideon, the festival’s Chief Executive Officer, adding that “with the cosmopolitan vibe of Lüderitz, the Crayfish Festival Board will definitely not fail to deliver an exciting festival.” Gideon stated that one of the objectives of the Crayfish Festival is to position Lüderitz as the main tourist destination in Southern Namibia. According to Gideon, the Festival has assisted to market not only Lüderitz but Namibia as a whole, and attract tourists, subsequently increasing and opening up doors for investment. “It is also a platform for people from afar to visit and explore Lüderitz and try different kinds of seafood,” she added. Gideon stated that even though there were a few complaints last year about the limited space at Lüderitz Waterfront Harbour Square, there is currently no other option available to host the event, adding, “yes, we acknowledge the space is becoming cramped as the festival grows; the board is currently trying to secure a permanent venue for the festival. It might take time.” Gideon does, however, plan to spread the Festival around the whole town by having activities at other venues, including the Sports Complex and Aeroplane Beach. “The plan is to make the Festival bigger and better this year. We want to give the people what they have never seen before in Lüderitz and make it a festival to remember,” said Gideon.

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

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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.