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ICT newcomer Veya launched

ICT newcomer Veya launched

Veya Information Communication Technology (Pty) Ltd announced the acquisition of 100% of the ordinary shares of Gijima Holdings (Pty) Ltd, at the new company’s launch earlier this week. The acquisition was funded by the Development Bank of Namibia after the deal was concluded in September.
Formerly known as Gijima Information Technology Services, and before that as AST, the new company will continue to provide businesses with cutting-edge solutions that are innovative, cost-effective, and designed to meet their business needs.
Veya ICT, with an ambitious young team at the heart of the wholly-owned Namibian company, is excited about what they have to offer, saying they are passionate about contributing to advancements in the world of high-end infrastructure, business systems and integration.
Veya ICT, which boasts 40% women ownership, already operates in the mining, banking, telecommunications, and government sectors.
Delivering the keynote addres, the Minister of Industrialisation, Trade and SME Development, Hon Immanuel Ngatjizeko, said “Improving Namibia’s competitive ranking in Africa will require the promotion and utilization of ICT as a fundamental driver of growth and competitiveness. The ability of an economy to enhance the productivity of its industries utilizing available technology and actively leveraging ICT in daily activities and production processes, can result in increased efficiency and improvements in the competitiveness of the business, the industry and the economy as a whole.”
The company also announced the appointment of Winnith Schrywer as its first lady Managing Director. In her previous role at Gijima IFS Namibia, she was the Senior Manager for Shared Services, and brings a wealth of experience to her new role. She has also been instrumental in achieving a number of turnarounds for companies in the areas of finance and governance. “The existing business infrastructure the company operates with ensures continuity of service for our dynamic customer base and creates room for expansion. We are proud to have the largest footprint amongst similar ICT companies in Namibia,” said Schrywer.
Part of Veya’s strategic focus will continue to be on developing the next generation of ICT professionals through skills transfer and training, while all the time increasing its recognition for internationally accredited and certified products and services. “We will continue to identify market trends and consumer requirements through extensive research, working with tertiary institutions where possible to achieve this.
Our intentions are also to stimulate innovative and technological creativity by encouraging young innovators to develop their own projects,” she said pointing out that no business could be relevant and stay competitive without adopting sound, ICT solutions.

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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.