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Road Fund administrators praise Namibia’s road infrastructure

Chief Executive Officers and representatives from Southern African neighbouring Road Fund Administrators beside the B1 connecting Windhoek to Okahandja.

The Association of Road Maintenance Funds in Africa (ARMFA) meeting hosted by the Road Fund Administration (RFA), ended on Monday in Windhoek after two days of deliberations.

Chief Executive Officers and representatives from Southern African neighbouring Road Fund Administrators met to share best practices on road fund administration and road financing models.
The meeting highlighted the urgent need for effective stakeholder engagement, in order to deliver value for money to road users. Speaking at the closing ceremony, Mr. Ali Ipinge, Chief Executive Officer of Road Fund Administration emphasised the importance of creating linkages and integration between road infrastructure with other transport infrastructure.
“We have a long way to go to make sure that we have efficient road fund services, progress has been made to create value for money for the road users, but more needs to be done,” said Ipinge.
The team of Road Fund Administrator Chief Executive Officers agreed to a statement by the Chairman of the Southern African Focal Group, Eng. Juma that stakeholder confidence has improved due to implementation of key recommendations made at the Group meetings such as the one held in Windhoek. Tuesday morning saw the delegates drive to the coast to visit Namibia’s flagship port in Walvis Bay which included a short tour of the road work project between Windhoek and Okahandja. The trip  west provided the delegates with first-hand experience of Namibia’s unique salt road between Swakopmund and Walvis Bay as well as a visit to the Walvis Weighbridge.
Delegates were impressed with the quality of Namibia’s transport infrastructure and took some good ideas on road planning, design, maintenance and funding and efficient allocation of these resources towards road development and maintenance.
Countries represented at the meeting included Namibia, Lesotho, Comoros, Mozambique, Zambia, Zimbabwe, Madagascar and Malawi.

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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.