Select Page

Game bubble grows and grows

Show auctioneer Henno Badenhorst during the auction with Mr. Heinrich Haarhoff, who closed the deal on the most expensive Roan Antelope male.

A turnover of more than N$11 million was achieved at the Outjo Game Auction on 2 May at Sophienhof Lodge. A total of 390 heads of game of 22 different species were sold at this auction, hosted by Agra Livestock in collaboration with Du Preez Game at the Outjo Game Festival.

This is the highest turnover in the twelve years that Agra livestock has hosted the auction. About fifty buyers registered for the auction.
Of the many highlights of the auction, the highest price of N$1 million was paid for a Roan Antelope bull by Cribo Hunting Safaris. The highest price paid for Roan antelope females, was N$510,000 while Sable Antelope females achieved a price of up to N$400,000. Tsessebe’s were sold for the highest price of N$50,000; Waterbuck bulls for up to N$38,000 and Nyalas for up to N$40,000.
According to the auctioneer, Henno Badenhorst, the good offering, with high quality animals of top genetics, contributed to a significant increase in prices compared to previous years, especially with regards to the rare game species. “Buyers come back to the Outjo Game Auction because they know what they get there and are willing to pay a price,” said Badenhorst. According to Badenhorst the auction to him “has built a reputation and became a reputable ‘brand’, attracting also new buyers every year.”
Badenhorst was delighted by the presence of and game bought by upcoming farmers such as Vino Hipondoka and Levi Hungamo. “These farmers, who farm in the vicinity of Otjiwarongo, start to diversify their farming enterprises by including game and we are happy to be able to provide them with the opportunity to buy top quality game,” said Badenhorst.

About The Author

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

Promotion

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.