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Pick n Pay opens 20th store

L-R) Mr Peter Grüttemeyer, Chief Executive Officer, Olhthaver & List Group of Companies, His Worship Councillor Muesse Kazapua, the Mayor of the City of Windhoek and Mr Norbert Wurm, Managing Director, Pick n Pay at the official opening of Pick n Pay Mega Centre in Kleine Kuppe. (Photograph by Mandisa Rasmeni)

Pick n Pay Mega Centre officially opened this week in Kleine Kuppe when His Worship Councillor Muesse Kazapua, the Mayor of Windhoek, conveyed his blessing to both the company and the supermarket.

Mr Norbert Wurm, Managing Director, Pick n Pay said Pick n Pay is proud to open its 20th store in Namibia and he thanked all their partners and stakeholders for making this possible and making Pick n Pay one of the best retail stores in the country.
Mr Peter Grüttemeyer, Chief Executive Officer of the Olhthaver & List Group said he is humbled and proud since it is almost 100 years that O&L has been in the country. He added that they are working on expanding the range of Namibian products in their stores.
His Worship Kazapua said that new businesses are always welcomed in any country and in any economy, as it is a sign of growth and prosperity. “As a developing country we have seen a lot of growth over the years, be it in the construction industry, mining, agriculture, tourism and the like.” He emphasised that the government has ensured that Namibia is a peaceful country, open to investments and ready for the world, and that this peaceful climate has definitely contributed to the fact that companies like Pick n Pay could grow and prosper.
“I would like to commend the wonderful, professional and ever-friendly staff of Pick n Pay. I am always delighted with your friendly smiles and service excellence,” he said adding that the quality products Pick n Pay offers their customers are testimony of their passion and commitment to the country and their fellow countrymen.
Mr Kallie van der Merwe, Chief Executive Officer of Safland, the construction company responsible for building the Mega Centre thanked the City for their cooperation and advised Pick n Pay to keep up the good work and to remember that the customer is the heart that keeps the arteries full.

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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.