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Namibia to get help from Germany in the logistics department

06 December 2016 – The implementation unit of the Logistics Master Plan is set to receive new support, following the latest government negotiations between Namibia and Germany, the German Government through its implementing agency Deutsche Gesellschaft Internationale Zusammenarbeit (GIZ) GmbH and the Logistics Hub Project from the Walvis Bay Corridor Group (WBCG) are partnering to implement the Logistics Hub Master Plan.

The projects detailed operational plan with set focal areas will commence in 2017. GIZ Technical Advisor, Michael Engelskirchen, explained that Namibia’s roads are crucial to the tourism, mining and transport sector of the country and as such cater for a huge portion of its economic growth.

“German Cooperation is actively supporting the country since its independence, we are happy to continue to be a part of the country’s development. While this task is ambitious, we are motivated by the impact this project will have,” he said

Through aligning their activities to agree on the division of tasks and support, the partnership has already taken its first step toward what will later become the full implementation of the Logistics Master Plan.

According to Engelskirchen, the development of marketing strategies to promote the country as the logistics hub for the region to attract customers and international investors is one of the pillars agreed upon with the Logistics Hub Project. Other pillars within the project involve capacity development and institutional support in setting up the implementation unit.

Meanwhile, WBCG’s Logistics Hub Manager, Clive Smith said, “the focus is on supporting the implementation of the Logistics Master Plan to the extent of an effective and resource efficient road and transportation sector. Partnering with GIZ to achieve the country’s transport goals stipulated in the National Development Plan (NDP4), not only leans toward the full implementation of the Logistics Hub Project, but also significantly contributes towards transforming the country into the logistics heart of the region”.

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Musa Carter

Musa Carter is a long-standing freelance contributor to the editorial team and also an active reporter. He gathers and verifies factual information regarding stories through interviews, observation and research. For the digital Economist, he promotes targeted content through various social networking sites such as the Economist facebook page (/Nameconomist/) and Twitter.

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.