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Khomas twins Jiangsu

A token of appreciation: Hon. Li Xueyong exchanges gifts with the Governor of the Khomas Region, Hon. Laura McLaud-Katjirua after the successful conclusion of the formalities to sign an agreement with the Jiangsu Province in China to establish friendly relations between Khomas and Jiangsu. (Photograph by Musa Carter)

The Khomas Regional Council and the Jiangsu Province in China last week signed an official agreement in Windhoek to establish a friendly province-region relationship.

At the signing ceremony, the Governor of the Khomas Region, Hon. Laura McLaud-Katjirua and the Governor of the Jiangsu Province in China, Hon. Li Xueyong concluded an official agreement that had started with preparatory talks in 2012 and progressed to a memorandum of understanding, signed in June 2013.
The historic agreement aims to promote mutual understanding and to consolidate friendly cooperation between the local region and the Chinese province.
Speaking at the occasion, Hon. Li Xueyong said the signing of the twinning agreement between Jiangsu Province and the Khomas Region lays a solid foundation for future cooperation that will also encourage competitive investments that will benefit the two sides.
Xueyong further said despite the long distance the friendship between the two parties has gone from strength to strength over the the past two years. Commenting on the twinning agreement, he said their relationship keeps improving and it has excelled to new heights.
Through the twinning agreement, the two sides agreed to promote friendly people-to-people contacts on economic and trade cooperation as well as to strengthen their exchange programmes in areas of education, training, health, culture, sports and technology. Xueyong said that focus on the youth is vital. He encouraged Namibian youth to have interaction with and promote exchange programmes between the schools as well as to encourage internships between the two parties.
He said the two regions should maintain frequent updates, inviting Hon. McLaud-Katjirua to visit Jiangsu Province later in the year.
McLaud-Katjirua echoed the same sentiments and commended the Jiangsu Province on their willingness to sign the agreement which signifies and manifests the official approval, political will and pledge of determined support of the two governments to the twinning agreement.
McLaud-Katjirua reassured the delegation from Jiangsu Province that her region is committed to uphold, protect and promote the intended cooperation for the benefit of the people of the two regions.
The occasion was sealed by the signing of the agreement as well as the exchange of gifts by both parties.

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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.