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Nambrew optimistic about H2

Managing Director Wessie van der Westhuizen (left) shakes Greame Mouton’s hand (right) as Nambrew delivers yet another solid performance

An increased competitive landscape has not dampened Namibia Breweries Limited’s expectations for the rest of its financial year.

This is according to its Managing Director Wessie van der Westhuizen who shared his thoughts on Nambrew’s latest results on the eve of Namibia’s jubilee independence celebrations last week.
Said an optimistic van der Westhuzen, “We remain positive that the second half of the financial year will deliver further volume growth. Maintaining margins will remain a key focus point going forward and we will meet the challenges over the next coming months.”
Nambrew delivered a solid financial performance despite the increase in the competitive landscape following the commissioning of SABMiller’s Okahandja plant late last year. First half year results indicate a 6% increase on operating profit of N$292 million, turnover of N$1.3 billion and a 25% increase in earnings per share. Total volumes however were down 9%. Nambrew managed to grow beer volumes in Tanzania and Zambia while growth in Mozambique slowed down. Alcohol levies affected volumes in Botswana. He added that a depreciating Namibian dollar added to operating costs considering that Nambrew had to import the hops used in the production of its beer as well as the importation of aluminium products used for its canned range of beverages.
Nambrew continues to command a comfortable portion of the beer market, estimated to be 87% while its Ready-to-Drink and non-alcoholic range of beverages achieved double-digit growth. “Our 2015 performance has been satisfactory and we continue to focus on the extension of our strategy.”
Added van der Westhuizen, “We remain confident that the second half of the financial year will deliver further growth volume and that we will meet the challenges over the coming months.”
Encouragingly, DHN Drinks performed well. “The South African joint-venture DHN Drinks continued to grow volumes in a competitive beer market despite the difficult trading conditions,” he said.
Nambrew’s Financial Director Greame Mouton said, “The Namibian market continues to remain a significant contributor to total revenue and earnings. Local volume growth and our revised pricing strategy contributed to solid performance. We are pleased to announce an interim dividend, reflecting the confidence of the board in our future strategies.”

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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.