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Recruitment for next CEO of Windhoek stalled

Despite assurances to the contrary the hunt for a new chief executive for the City of Windhoek has seemingly stalled. Last week the City announced the position will be readvertised from 3 to 17 July but this week all advertising was stopped after only being advertised on Tuesday.

City spokesperson, Joshua Amukugo also announced a new time line leading to the appointment. The City confirmed that the selection panel has made recommendations to the Council to amend the job requirements and qualification criteria in order for them to finalize the appointment of a new CEO in the shortest possible time.
The vacancy is supposed to be advertised up to 17 July, shortlisting will be done from 17 to 23 July and the interviews will be conducted from 24 to 30 July. The recommended candidates will be brought before the management committee and their documents will be submitted from 27 July to 4 August 2015. To finalise the selection process, there will be consultations with the Minister of Urban and Rural Development from 28 July to 5 August.
The City verified that the independent interview panel consists of Mr Sven Thieme of the O&L Group, Mr Bisey Uirab of Namport, Mr Clement Mafwila, Ms Erica Shafudah of the Ministry of Finance, Ms Inge Zaamwani-Kamwi, Councilor Mwadhina Veico, Deputy Mayor, Councilor Elaine Trepper, and Mr Filemon Hambuda, Strategic Executive: Human Resources at the City of Windhoek.
Amukugo said the City feels it is fair to keep the public up to date by announcing the progress they are making in the recruitment process for the next CEO of the City of Windhoek.

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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.