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Kandetu communications chief

Bob Kandetu, new communications chief at TrustcoThe Trustco Group has appointed Bob Kandetu as head of corporate communications with a seat on the Group Exco forum. He joins the Executive Committee of this fast emerging multi-national company with effect 1 April 2012.
Kandetu will take responsibility for the management of all external communications of the Trustco Group and will serve the company as strategic advisor on corporate communications and liaison with key stakeholders and institutions.
He joined the group in July 2011 as chief executive officer of the Informante Newspaper, after serving as director general of the Namibia Broadcasting Corporation for two and a half years. Kandetu was among the founding civil servants where he served the state as Permanent Secretary of the Ministry of Information for three years, before moving to the University of Namibia as founding Dean of Students, a position he held for 10 years.
In acceptance of his appointment, Kandetu said: ‘It moves me for the Trustco Group to trust me in this way from a pool of more qualified professionals. I promise to give only my best.”
When he announced the appointment, Quinton Van Rooyen, Group managing director said: “We think that we can utilise Uncle Bob more effectively in this way. One of the challenges of corporate Namibia is not so much what we do, but how we communicate the thrust of our efforts and their results to our customers, beneficiaries and to the public at large. That is where we regard his experience to be of utmost value addition.”

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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.