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Procurement institute attends local summit

A top-level delegation from the Chartered Institute of Procurement and Supply (CIPS), lead by its Managing Director, Mr André Coetzee, will attend the 3rd Namibia Procurement, Supply Chain and Logistics (NPSCL) Summit, scheduled for 15 and 16 March at the Windhoek Country Club Resort.
In addition, the Chartered Institute of Logistics and Transport (CILT) will use the summit as platform to launch its Namibian branch.
This year’s summit focuses on the theme of “Lets Get Practical: Real Success Stories”, in supply chain, tenders, purchasing, commerce and logistics and it will officially be opened by the President, HE Dr Hage Geingob.
According to AfriClan Events, the NPSCL Summit is now in its third year running and getting bigger and better to the benefit of the patrons.
“This 3rd edition of the NPSCL Summit promises to exceed your expectations and build upon the successes and recommendations of the 2014 and 2015 editions. New speakers will be added to the panel bringing a new burst of energy while previous years’ speakers will be retained,” said Prince Madziva, Director, AfriClan.
Giving a glimpse of the presentations, Madziva said “Since Namibia has just passed the new Procurement Bill (Tendering), this will be a key point of discussion at the summit.”
The 4th National Development Plan (NDP4) identifies logistics and transport as a priority sector and this will also feature as one of the key points of discussion at the summit.
“Furthermore, at the event the Chartered Institute of Logistics and Transport (CILT) will officially launch its Namibian branch” announced Madziva.
He stated that the agenda is influenced by the theme and is meant to give direction, comparison and advice to the delegates so that they can make informed decisions on what works and what does not especially when faced with many Procurement and Logistics management philosophies or models to choose from.
Professor Eugene Madejski from the National University of Science and Technology will chair the summit. Prof. Madesjski moderated the first two installments of this event plus the Mauritius chapter in Port Louis in June 2015 and will chair the Angola chapter come June 2016.

3rd Namibia Procurement, Supply Chain and Logistics Summit
15 and 16 March 2016
Windhoek Country Club Resort

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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.