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Making an Expo internationally attractive

This is the third year that the Swakopmund International Trade Expo (SWAITEX) will be held in the coastal town, both to showcase and to attract investment. Partnering again with the Namibia Chamber of Commerce and Industry (NCCI), the organisers plan to make this year’s Expo bigger and better.

The NCCI recognized that Swakopmund as a big town, an international tourism hotspot, a mining and logistics hub, should play a more crucial role in promoting economic activities within the town and the Erongo region at large. “SWAITEX is very much us delivering what was missing all along in this city,” said Heinrich Hafeni, Chairperson of the NCCI in Swakopmund.
Hafeni announced that two years ago they had an idea as the board, and that idea was to create an expo for their members so that they have a platform to showcase and display their products and at the same time network with other industries. “Our first expos was called NCCI Swakopmund Expo and we had over 40 exhibitors, mostly small traders and two banks,” he said. He explained that the following year they decided to go bigger and with the help of the NCCI head office, who helped them to craft a professional document that is internationally focused, they than renamed it to SWAITEX. “A project fully endorsed by the NCCI national leadership, and therefore our exhibitors last year were 120 and mainly we had international mining companies, government agencies and banks such as First National Bank, the Development Bank of Namibia and Standard Bank. This year we are looking at 170 stalls, and the venue will be the Swakopmund Dome,” he added.
He said that it has not been easy because the first year they faced a tough time trying to sell the idea. However, because they are passionate and believe in building long-term relationships, they remained positive irrespective of the factors that may discourage them.
He added that as a Chamber their mandate is to create platforms and events that are beneficial to their members and the business community. “Over the last four years, the NCCI leadership scanned through its past activities and we found that for us to increase our membership we need to deliver big creations if we are to be taken seriously as a chamber.”
“The SWAITEX will be held from 7 to 10 October 2015 and this year we have added one extra day,” he concluded.
While exhibitors will be able to share information with the attendees, they will also be able to absorb information through conferences in auxiliary conference sessions.

About The Author

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

Promotion

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.