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Establishment of the Frans Indongo Group

Establishment of the Frans Indongo Group

This week, Dr Frans Indongo, launched the Frans Indongo Group, which is the umbrella name of all the Indongo businesses that have been operating in the Namibian market for approximately the last six decades.
In attendance at the launch was The Founding President of the Namibian Nation, His Excellency Dr Sam Nujoma, Honourable Prime Minister, Dr Saara Kuugongelwa-Amadhila.
Speaking at the launch, Indongo narrated his entrepreneurial journey, “ I have been on this entrepreneurial journey, which sounds so long, but looking back it was indeed so short. Having been through so many challenges, I have also been on the height of success and valleys of less success,I conquered many things, but also lost some. I had so much excitement and happiness, but with that I also faced the real pain of worries.” “I have been through so much, but looking back tonight, I am so grateful. Yes, despite the many hills around me, I am grateful to have the sense that I have managed to reach the summit. The single thing that stands out in my story is the people that made my journey possible. My success is intertwined with those who were with me on the road,” Indongo expressed.
“When I realised it was time to bring change into the business at the end of 2006, it was my dear friend Dr Solly Amadhila who helped me to start this process. I must however accentuate that it was not only him, it was a group of people assisting me over a long period. A complete new structure was devised and implemented. The business was transformed to continue even if I was not there anymore,” Indongo added.
Indongo also thanked everyone who made a contribution to the success of the Frans Indongo Group. In particular he appreciated the contribution of the past and present members of the Board of Trustees under the current Chairmanship of Dr Solly Amadhila, the past and present members of the Board of Directors current being led by Mr Martin Shipang and the Management led by Mr Kobus van Graan.

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Today the Typesetter is a position at a newspaper that is mostly outdated since lead typesetting disappeared about fifty years ago.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.