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M+Z Motors joins fight against poachers

M+Z Motors joins fight against poachers

M+Z Motors joined in the fight to save and protect the the desert-adapted black rhino, when they recently sponsored the Save-the-Rhino Trust (SRT) with a fully branded, brand new
Jeep Wrangler – Conservation Edition that was suitable for the requirements.
In 2014 M+Z Motors approached Save the Rhino Trust to enquire the possibility of assisting them with a vehicle to aid in their critical cause to protect the desert-adapted black rhino.
Save the Rhino Trust felt the need for an administrative but flexible vehicle that will assist the CEO and Administrative Office in fundraising as well as travelling to the field bases in Kunene.
Keeping to their promise that the vehicle will be exchanged on a yearly basis, M+Z Motors handed over a 2016 year model Jeep Wrangler to Save the Rhino Trust at their Walvis Bay branch to SRT CEO, Simson Uri-Khob.
M+Z Motors is the first motor vehicle company to donate a vehicle to SRT for administrative duties as all other vehicles are sponsored for the main purpose to be utilized in the field patrolling and monitoring our precious rhino.
“We would like to applaud them for identifying the need and taking a strong lead in their Corporate Social Responsibility Policy by assisting us to successfully execute our administrative duties which contributes hugely to the one goal we all have in common, which is protecting our critically endangered desert-adapted black rhino,” said Uri-Khob.

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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.