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Namibia to host the ACP-EU meeting

The government has accepted the European Union’s invitation to host the 31st Session of the African Caribbean and Pacific European Union Joint Parliamentary Assembly (ACP-EU JPA) that will take place in Windhoek from 8 to 15 June at the Safari Court Hotel and Conference Centre.
The formal opening of the session will take place on 13 June. The ACP-EU Joint Parliamentary Assembly is an event co-organised by the ACP Assembly and the European Parliament. The ACP-EU JPA has been created out of a common desire to bring together the elected representatives of the European Community – the members of the European Parliament and elected representatives of the African, Caribbean and Pacific Member States that have signed the Cotonou Agreement.
The JPA was instituted to work towards objectives such as the eradication of poverty, sustainable growth and integration of ACP countries into the world economy. A substantial part of the work of the JPA is directed towards promoting human rights and democracy and the common values of humanity.
Jakes Jacobs, Technical Advisor to the National Assembly said, the Assembly will consist of three standing Committees, which were created in 2003 to draw up substantive proposals which are then voted on by the Joint Parliamentary Assembly. These Committees work on matters such as political affairs, economic development, finance, trade and environment.
The representatives of the 78 ACP states, under the Cotonou Agreement, must be members of Parliament, meet their 78 European Parliament counterparts in plenary session for one week twice a year.
Jacobs said,“This year’s JPA will be a momentous event for Namibia in particular, but also for all stakeholders and participants to join and benefit from the rich array of topics that will be discussed as well as the selection of speakers, expertise and events that will take place during this period”.
The following personalities will attend the formal opening of the ACP-EU JPA: Hon. Prof. Peter H. Katjavivi, MP & Speaker of the National Assembly of Namibia; Louis Michel: Co-President (EU); Joaquim Baldé: Co-President (ACP); Marco Aguiriano Nalda: Co Secretary-General (EU); Dr. Patrick I Gomes: Co-Secretary-General (ACP) and the Chairman of the ACP Committee of Ambassadors, and other parliamentarians and important dignitaries from around the world.

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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.