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Bankable projects to investors summit

Bankable projects to investors summit

The President, H.E. Hage Geingob will present the country’s most pressing bankable projects to large institutional investors at the Global African Investment Summit slated for 01 and 02 December, at Central Hall Westminster, in the UK.
President Geingob will join other heads of state from Guinea, the Democratic Republic of Congo, Mauritius, Uganda, Ghana, Liberia, Rwanda, Malawi and Benin as well as ministers, sector specific ministers and CEOs from state-owned enterprises.
The leaders are set to address and hear from the global financial markets, project implementers, consultants and law firms about co-financing and executing their most pressing projects in agribusiness, natural resources, power and transport infrastructure.
Over 1000 global investors, including pension funds, sovereign wealth funds, private equity and asset management firms representing over US$7 billion in capital have registered to attend the Summit – a 25% increase from last year’s inaugural event, held in London.
Rt Hon. Philip Hammond MP, Secretary of State for Foreign and Commonwealth Affairs said, “The Global African Investment Summit is one of the largest and most prestigious African investment summits in the world, and the fact that it is taking place in the UK is testament to the deep links between the UK and the continent. Africa’s economic success is of global importance. A prosperous, safe and secure world must have Africa at its heart.”
Paul Sinclair, director of The Global African Investment Summit, said, “Two key factors driving the increase in investor interest in the 2015 summit are, firstly, the opportunity to establish relationships and directly engage with very senior government representatives and project developers in one joint forum. Secondly, economic factors – Africa registered 5% GDP growth in 2014, beating the global average by 1.5%, so the continent remains an attractive and important destination for investors”.
According to the latest United Nations Conference on Trade and Development (UNCTAD) annual report on foreign direct investment (FDI), while investment globally, fell by 16% in 2014, FDI flows to Africa remained stable at US$54 billion and flows into Sub-Saharan Africa rose 5% to US$42 billion, riding out challenges such as falling commodity prices.
Dr. Carlos Lopes, Executive Secretary of the United Nations Economic Commission for Africa said: “The Global African Investment Summit moves beyond the conventional discussion on the need for change in Africa and provides a business platform, offering African governments and companies, the chance to showcase their investment projects to investors interested in long-term investment in Africa.”
He said the outcomes of the summit will present a chance for Africa to use trade as an entry point for industrialisation, and assume a larger role in world output.

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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.