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Shell helps science and technology fair

Dutch company, Shell Namibia Upstream B.V. in its capacity as the operator of the PEL39 oil exploration block, this week announced it has donated N$50,000 to the National Commission on Research, Science and Technology for the 2016 Science, Technology and Innovation festival. Shell made the donation on behalf of the PEL39 partners.
Shell country chairman Mr Dennis Zekveld expressed his thanks to all for their part in making this event possible, in particular to the Petroleum Commissioner Ms Maggie Shino for her endorsement of this important initiative as well as Shell’s joint venture partner, the Namibia Petroleum Corporation, NAMCOR, represented by Mr Anthony Chatu.
Zekveld said Shell Namibia aims to make a positive difference and that its targeted Social Investment programme is part of this objective. As both Shell and the science commission support the promotion of science, technology and innovation, he noted that collaboration on the festival makes perfect sense. “Let us all – Shell, NCRST, MME and NAMCOR – really pull together on this in the spirit of Harambee” said Zekveld.
The CEO of the national science commission, Dr Eino Mvula thanked Zekveld for Shell’s support to the Science and Technology festival. He noted that this investment in the youth is of particular significance in the context of today’s challenging economic environment, and its impact on the country across all spheres.
Zekveld responded “Shell is proud to work again with the National Commission for Research, Science and Technology as we did in 2015.

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Today the Typesetter is a position at a newspaper that is mostly outdated since lead typesetting disappeared about fifty years ago. It is however a convenient term to indicate a person that is responsible for the technical refinement of publishing including web publishing. The Typesetter does not contribute to editorial content but makes sure that all elements are where they belong. - Ed.

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.