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Travel and Tourism drops 12 index positions – World Economic Forum

Travel and Tourism drops 12 index positions – World Economic Forum

Despite Namibia being the 4th most Travel & Tourism competitive nation in Sub-Sahara Africa, it dropped 12 positions, now ranked at number 82 globally, in the World Economic Forum’s latest tourism index.

Namibia lost 12 positions this year resulting partially from statistical adjustments such as the inclusion of previously unavailable deforestation figures, which have significantly reduced the sustainability performance for the tourism and logistics sector.
The travel and tourism industry GDP contribution is estimated at 3% or US$373.9 million, creating 28,792 jobs. Average receipts per tourist are estimated at US$272.

Natural resources and the business environment, air transportation and price competitiveness, have sustained Namibia’s overall competitiveness as the country slowly continues to increase international arrivals.

Nonetheless, despite these incremental adjustments in its competitiveness rankings which make comparison to other countries more challenging, the index indicates Namibia has lost a considerable portion of its forests since the early 2000s and its water resources have deteriorated.

Similarly, the re-assessment of car rental services and the diffusion of ATMs have resulted in a lower ranking of Namibia’s tourism service infrastructure.

“Beyond these changes, Namibia still needs to improve its health and hygiene and under-appreciated cultural resources, and renew focus on its inadequately qualified human resources , which remain the main bottlenecks toward a faster development of the travel and tourism sector in the country” the report advised.

In 2016, Namibia welcomed close on 1.4 million tourists.

About The Author

Freeman Ngulu

Freeman Ngulu is an Entrepreneur, into data journalism and is an aspiring content marketer. He tweets @hobameteorite.

Following reverse listing, public can now acquire shareholding in Paratus Namibia

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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.