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International companies show interest in local energy market

International companies show interest in local energy market

The Deputy Minister of Mines and Energy, Hon. Kornelia Shilunga, represented the country at the ended German-African Energy Forum in Hamburg from 25- 26 April.

The event took place under the theme “Energy for Industry” and attracted 400 participants from all over the world, including eleven African Ministers and Deputy Ministers.

During a high-level panel discussion, the Hon. Shilunga highlighted Namibia’s drive to find an appropriate mix of conventional and renewable energy sources and described Government’s commitment to increase the domestic energy generation capacity, accelerate rural electrification and electrify all schools and hospitals by 2020.

A country session on Namibia enabled the Deputy Minister to inform potential investors about the latest developments in the local energy sector and present current business opportunities and investment projects.

The Energy Forum confirmed the high level of interest that international companies and institutions have in the Namibian energy market.

According to the Hon. Shilunga, “Namibia needs to work together with international investors, financial institutions and development partners in order to mobilize capital and implement projects in the energy sector. That is why I was particularly pleased to hold individual meetings and discuss cooperation possibilities with senior executives of important players such as the KfW Development Bank, Voith Hydro, Andritz Hydro, Siemens, STEAG, ABB, AEE Power and Pfisterer.”

For the first time, a local project was part of the Energy Forum’s Innovation Pitch session which gives German and African start-ups the opportunity to present their innovative solutions to potential investors and business partners.

Michael Frühbis from Berlin and Omwene Hatwikulipi from Windhoek are working together in order to introduce green logistics solutions to Namibia, beginning with a gastronomic e-bike business. Such a venture will deliver fresh food to customers in Windhoek in an environmentally friendly manner and thus promote carbon-free transportation in an urban centre. In the long term, the aim will be to manufacture e-bikes in Namibia and contribute to the growth of cargo-bike logistics in the country and the region.

According to Dr. Mekondjo Kaapanda-Girnus, Commercial Counsellor at the Namibian Embassy in Berlin, “in addition to creating new jobs, a shift to eco-friendly cargo bikes means less energy consumption and CO2 emissions and a reduction in congestion, noise levels and pollution. In the US and Europe, top logistic companies like UPS and Amazon are already utilising this mode of transport for so-called last-mile deliveries and it will be interesting to see whether Namibian companies will follow and explore how e-bikes can contribute to technological and environmental innovation in our transportation system.”

(Photograph by © Fabian Hammerl).

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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.