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Indongo honoured

Gerhard Fourie, managing partner of Ernst & Young and Frans Indongo, pose with the Lifetime Achievement Award. (Photograph by Lorato Khobetsi)Namibian business icon, Frans Aupa Indongo was awarded the Lifetime Achievement Award for Southern Africa at the Ernst & Young’s World Enterpreneurs Awards which took place in Sandton late last week.
Speaking at a celebratory function held in the capital on Tuesday, Kobus Van Graan, CEO of the Frans Indongo Group said the award puts Indongo in the league of other regional and global business leaders such as Dr Anton Rupert and Dr Raymond Ackerman.
“The award of the evening was presented to Dr Frans Indongo, while the huge audience gave him two heart touching standing ovations, indeed a very fitting recognition to this son of Namibia, and this remarkable entrepreneur in our midst.
“He has indeed demonstrated how to spend life creating meaningful and lasting wealth,” said van Graan who attended the Sandton event with the icon.
The event which was hosted by Ernst & Young’s Africa CEO, Ajen Sita has seen other business icons such as Anton Rupert (2005), Eric Molobi (2006), Raymond Ackerman (2007), Richars Maponya (2008), Pam Golding (2009) and Bertie Lubner (2010) being awarded the prestigious award in previous years.
Indongo, founder of the Frans Indongo Group advised upcoming businesspeople to create business that would bring national wealth and growth. He also urged them to pay their taxes.
“Please do not avoid tax, government must go around and collect that money,” he said.
Gerhard Fourie, managing partner of Ernst & Young, said the criteria used for the award included whether an entrepreneur succeeded against all odds in unchartered territory, and whether he is a pioneer, champion and role model.
“It is almost as if these criteria were written for Dr Indongo,” he said.

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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.