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Agra enters Kavango

Agra enters Kavango

“Agra is celebrating another huge milestone with the opening of a new retail branch in Rundu, the capital of Kavango East region” said Agra CEO, Arnold Klein. The new branch will officially open its doors on 29 July, where the entire public is welcome to enjoy convenient shopping in the new retail space.
Klein noted that the new retail facility in Rundu was established in response to numerous requests from the region. “There have been many requests from the Kavango region to provide farming inputs and other services to inhabitants in that region, to enable them to successfully participate in the agriculture value chain,” he explained. He further noted that Agra swiftly responded to this call, because the upliftment of agriculture can only be achieved through the provision of sustainable and relevant agriculture support systems and farming inputs.
Agra Limited, a non-listed public company, continues to play an important role in agriculture. Through Agra’s diversified range of products and services, Agra becomes increasingly important to a larger and more diversified client base. On the importance of opening the Agra Rundu branch, Klein said, “Establishing the Rundu branch shows our commitment to growth and investment in local infrastructure and enables us to make a difference in communities of the Northern Communal Areas (NCAs).”
Agra Rundu offers sufficient retail area of 900 m² consisting of shelves, cashiers and administration offices; bulk storage of 1046 m²; yard space of 4300 m², paved parking area of 1 000 m² and additional gravel parking space of 1500 m². The Agra Rundu branch aims to reach out to all communities, by providing nationwide services and comprehensive product ranges, including building materials, hardware, water equipment, fertilizers, household and consumer goods, just to name a few.
Agra Retail offers agriculture products and services, and household goods on a retail basis for the public through widespread branches countrywide.

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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.