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Standard Bank grabs international accolades

Standard Bank grabs international accolades

Standard Bank received the 2016 Risk Emerging Markets Dealer of the Year Award at the prestigious Global Finance World’s Best Foreign Exchange Providers Awards Ceremony. Standard Bank was also named the 2016 Best Foreign Exchange Provider in Africa.
These awards come in the wake of a strong performance by the bank’s team in challenging market conditions. It is the fourth consecutive year that Standard Bank wins in the Africa category.
“Our insight into the nuances of the market helps to better understand and identify client requirements,” said Yolande Fourie. “Standard Bank’s Head of Global Markets. Standard Bank’s extensive footprint across Africa and its connectivity to international markets enables the bank to tap into pools of capital from across the world to boost the continent’s currency markets at a time when liquidity levels across most jurisdictions have come under threat due to weak economic conditions.”
Standard Bank operates in complex environments and these conditions have increased due to the current macro-economic conditions. A lack of liquidity in certain markets is raising the bar for dealers and investors. “In addition, dealing with a complex set of regulations and legislative frameworks across a number of different jurisdictions is challenging to investors and dealers alike,” Fourie explained.
Currency volatility is another of the risk elements increasing complexity as local currency values deteriorate. This adds a layer of complexity to what Standard Bank does, because there is a need for many companies and countries to raise hard currency funding against local currency collateral or revenue streams. “Retaining the Best Foreign Exchange Provider in Africa Award means Standard Bank has remained consistent in helping our clients realise opportunities while managing their risks even through periods of great volatility and different economic cycles,” she said.
The annual Risk Awards Ceremony identifies best practice in the risk management and derivatives markets. The Emerging Markets Dealer of the Year Award recognizes emerging market dealers that play a key role in the development of the local market. Contenders must be proven and reliable risk managers and trade a broad range of product types.

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Following reverse listing, public can now acquire shareholding in Paratus Namibia


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.