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Standard Bank Group rakes in accolades

Standard Bank Group, Africa’s leading bank by assets, collected 22 awards in the EMEA Finance’s Treasury Services Awards and Global Finance’s World’s Best Bank Awards, both for 2015. The awards were presented at the Sibos conference in Singapore.

Acknowledging all 22 awards, Hasan Khan, Standard Bank’s Head of Transactional Products and Services, said, “We are delighted to receive these awards from such prestigious publications. They provide further confirmation of the success of our client-focused strategy and desire to serve clients through our well-established on-the-ground presence in Africa and our global connectivity that links clients to opportunities in Africa.”
Standard Bank was awarded both Best FX Services in Africa and Best Transactional Bank for Financial Institutions in Africa by EMEA Finance’s Treasury Services Awards 2015.
Standard Bank has been a recipient of the EMEA Finance’s Treasury Services Award for the sixth consecutive year. According to EMEA Finance, “Standard Bank takes two titles in this year’s Treasury Services Awards, in recognition of its consistent leadership in transactional banking in Africa.”
Global Finance Magazine awarded Standard Bank 20 accolades, across several categories, including trade finance, payments and collections, cash management, short-term investments/money market funds and sub-custody. These awards were adjudicated against specific criteria such as volume, market share and customer service. Standard Bank Group was chosen by the Global Finance editorial team along with input from expert sources. Global Finance’s World’s Best Bank Awards 2015
World’s Best Banks 2015: Standard Bank Group – Africa, Stanbic Bank Zimbabwe, Standard Bank Angola
Standard Bank Namibia was listed in Best Sub-Custodian 2015: Standard Bank Group – Africa, Stanbic Bank Ghana, Stanbic IBTC Bank Nigeria, Standard Bank Mozambique, Standard Bank Namibia, CfC Stanbic Bank Kenya
“The African growth story is on everyone’s lips and as a bank; we need to ensure we are providing financial solutions that address the needs of the various participants involved in the value chain. Having built strong in-country advisory capabilities, Standard Bank is able to deliver a full range of corporate and investment banking services to clients across Africa,” said Khan.

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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.