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Red Bull Braveman set for Windhoek

Red Bull Braveman set for Windhoek

Red Bull Braveman, the toughest one-day enduro in Africa, will again take place on 2 to 3 September at the Elisenheim Guest Farm, 15km outside Windhoek.
Riders from all over Namibia and South Africa joined the battle in 2015 to participate in either Gold, Silver or Bronze Class. This year, all of the classes will need to ride with GPS. No transponder system will be used as was the case in 2015. For the first time, the Red Bull Braveman has drawn international attention in the rider’s scene.
On 2 September at 18h00 the spectacular Prologue will start at Elisenheim Guest Farm where the participants have to compete against each other in a prologue to determine the starting order for the next day’s main race, each class will battle individually. The adrenaline pumping prologue draws many spectators.
On 3 September at 06h00 the main race will commence to battle out who is the bravest of them all on an extreme track laid out between the scenic Elisenheim Mountains, Farm Hoffnung and other land under the authority of private farmers.
According to the route designers, this year the Gold track will be even more difficult and will truly challenge the professional riders. In 2015 Wade Young from South Africa took 1st prize for the 2nd consecutive year in the Gold class. Kirsten Landman, the only female rider, won Silver Class and Namibian Rider Olaf Pack was crowned the winner of the Bronze class. Dwayne Kleynhans conquered the tough obstacle course with the best lap time overall and finished the Gold class closely after Wade. Brett Swanepoel (Yamaha), South African National Enduro (E1) Champion, will be racing at the Red Bull Braveman 2016.
“A very exciting change to the main race is our pit area. We have shifted the pit area 2.5km into the mountains on a hillside with spectacular views of the race, unlike we have ever had before,”said Jacques Coetzer, CEO of Interpack Namibia and designer of the Braveman track.

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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.