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NovaNam fishing turns 27

NovaNam fishing turns 27

The Spanish fishing company Pescanova last week celebrated 27 years of operations of its local subsidiary, NovaNam.

The company commemorated the anniversary at its plant in Lüderitz, at a ceremony chaired by the Minister of Fisheries and Marine Resources, Bernhard Esau. The minister stressed the “courageous decision taken in 1990 by Pescanova to invest in the country and boost the development of the fishing industry in the region.”

The event was also attended by the Spanish Ambassador to Namibia, Concepción Figuerola; the governor of the Erongo Region, Lucía Bassón; And the Director General of Fisheries of the Nueva Pescanova Group, David Troncoso.

In the development of the event, some milestones of the company were reviewed, such as the commitment to turn the Lüderitz factory into one of the largest processors of hake in Africa.

Another highlight of the milestones was the efforts of Nova Pescanova and NovaNam to train their employees, of which the minister applauded. He further commended NovaNam’s initiative to promote and sponsor the publication of a book on the city of Lüderitz, a urban center whose history is intimately related to NovaNam’s own history in Namibia.

Currently, NovaNam employs 2,100 people locally, between the Lüderitz factory in the Karas Region where 1,800 people work and the Walvis Bay factory with 300 employees.

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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.