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Swakara earns N$40 million in forex

A model shows a jacket made from SwakaralSwakara once again achieved record prices at an auction held on 21 April  in Copenhagen, Denmark
The highest-ever price paid for pelts was achieved when 94 O Light Selected Extra pelts were sold for a price of N$2 279.48 per pelt by Mr. Bourtsos of Siatista Greece.
All 62 403 swakara pelts offered by Agra on this auction were sold. Average prices were 22.11% higher than those achieved at the September 2011 auction. The average price per pelt increased to N$648.51 compared to N$531.08 in  September last year  
The pelt offer consisted of 49 554 black, 11 842 white, 206 brown and 801 diverse pelts.
White swakara achieved the highest price ever of N$2 348.55 for a lot of 56 KF Selected white pelts, bought by Ms Ribak for her Russian client company Guligaz of Moscow. The average price for white swakara increased with 26% compared to September 2011.
Mr. Bourtsos was again the buyer purchasing the highest number of swakara pelts, at  18 289 pelts. He was also the buyer purchasing the highest number of swakara in September 2011, when he bought 8 745 pelts.
Greece was the country buying the most swakara pelts, mainly for the Russian market, with Germany in second place and Hong Kong third. In total there were 27 buyers, with more prospective buyers bidding but not being successful.  
The top Namibian producer for this auction, (more than 250 pelts), was again Lovedale Farming CC at Keetmanshoop, who sold 438 pelts at an average of N$894.06 per pelt.

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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.