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Kalimbeza rice for local retail market

The ready for market, Namibian researched and tested Kalimbeza rice was launched by the Minister of Agriculture, Water and Forestry, Hon John Mutorwa at the Polytechnic Hotel School in Windhoek.

The first Namibian-grown, processed and packaged rice, under the Kalimbeza Rice label, have entered commercial trading this week after the product was officially launched at a ceremony at the Polytechnic Hotel School. The first harvest produced over 70 metric tonnes.

The Minister of Agriculture, Water and Forestry, Hon John Mutorwa officially launched the branded rice for the retail market. The rice is produced at the Kalimbeza National Rice Project, near the town of Katima Mulilo, in the Zambezi Region.
The minister said the first consignment volume is small but production is likely to double by next year.
Mutorwa also launched the commercial agricultural promoter, Agribusdev’s strategic plan and logo, saying that the constituent elements of the logo symbolize crop production under irrigation.
“This is indeed a true meaning of growth at home” Mutorwa said adding that all that remains is to claim the rightful market for the country’s first home grown rice. He assured consumers that the rice has been tested by the Namibia Standards Institution.
“Let us therefore take pride in Kalimbeza Rice by making it part of our daily shopping basket,” he urged. Currently the rice can be bought at any of the National Fresh Produce Hubs in Ongwediva and Rundu and at the Kalimbeza National Rice Project itself.
Marketing agreements with several retail outlets and small shops are in the process of being finalised and within July the rice will be available in many other locations. When these channels have been finalised, Agribusdev, together with AMTA, will make a formal announcement.
Mutorwa lauded the success of the project pointing out that naysayers have been proven wrong. “Scientific research, led by the University of Namibia on the possibility of producing rice in Namibia, has yielded convincing positive results, surpassing expectations.” The minister indicated that the acreage under rice will be increased significantly.

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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.