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Let’s cycle at Otjihavera says FNB

Having just lost the sponsorship of the former FNB Desert Dash to rival Nedbank, FNB Namibia announced this week it will continue to support cycling through other events.

On 29 and 30 August FNB Namibia will be part of the Wispeco Otjihavera Experience mountain bike race with an expected 200 cyclists. Ingrid Goeieman, Sponsorship and Donation Manager, FNB Namibia Group said that this is the 10th anniversary of the event and it is the biggest and longest standing multi stage mountain bike race.
“It is a two day mountain bike event, starting at Otjihase mine on day one, ending at Midgard. Day two starts at Midgard ending at Okapuka Lodge after crossing over the Otjihavera Mountains. The race started with a handful of riders in the first year and has grown to 200 enthusiastic cyclists in 2015. The race is presented by Rock & Rut Mountain Bike Club covering a total of 150km over farms in the Otjihavera mountains.”
FNB Namibia put forward their sponsorship of N$ N$35,000 and the bank will also look after the riders with the Physiotherapy stations again as part of their commitment to the sport. “BRG biokinetiks are again on board and are delighted that FNB is making this possible,” said Goeieman.
She added that cycling remained one of the great outdoor sports that the young and old can enjoy in and will thus always be a sporting code supported by the bank.
“This event is well organised and has proven its popularity by growing in leaps and bounds and as a bank we enjoy supporting active, outdoor and a healthy lifestyle.” She urged all cyclists to send in their entries as soon as possible as entries for the event close on 8 August.

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


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.