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Chamber re-elects Thieme, Kankondi and Naanda for another term

Chamber re-elects Thieme, Kankondi and Naanda for another term

NCCI-Thieme NCCI-Kankondi

Chief Executive of the Namibia Chamber of Commerce and Industry, Tarah Shaanika announced this week that Sven Thieme has been re-elected for another two years as president of the chamber.
Following a successful Annual General Meeting on Friday last week, Shaanika said both Vice Presidents, Sebulon Kankondi and Saara Naanda, have been re-elected.
Thieme is the Executive Chairman of the Ohlthaver & List Group, Kankondi is the CEO of Bidvest Namibia and Naanda is a businesswoman.
The AGM also elected businessman Robby Amadhila, MVA Fund CEO Rosalia Hausiku-Martins, Namport’s Bisey Uirab, Lucia Hiveluah, Esther Akwaake, Theo Mberirua and Outapi businessman Onesmus Tobias Amadhila as members of the Board of Directors until June 2018. Other members of the Board by virtue of their positions as Past Presidents are Martha Namundjebo-Tilahun, Johannes Akapandi Endjala and Inge Zaamwani-Kamwi. The AGM also confirmed Dr. Leake Hangala and Mr. Navin Morar as honorary members of the Board in line with the NCCI Constitution.
In his acceptance speech shortly after the election of the business chamber leaders, Thieme thanked the membership of the NCCI for the confidence and trust which they showed in him and his colleagues on the board by giving them a fresh mandate to serve another term of office. He pledged his personal commitment and that of his colleagues to lead the chamber and continue to position it as the premier voice of the business sector.
The NCCI president undertook to prioritise the implementation of the Harambee Prosperity Plan which includes the attainment of the NCCI’s Competitiveness Agenda 2020. He said fighting poverty and unemployment demands higher levels of competitiveness in the economy and the NCCI remains committed to do its part in driving the agenda of making Namibia the best country to do business in on the African continent by the year 2020.
The NCCI board is scheduled to hold a strategic review and planning session outside Windhoek in September to approve the implementation strategy for the Harambee Prosperity Plan and Competitiveness Agenda 2020.

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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.