Select Page

Walvis offers more than fish

Although Walvis Bay ended fifth in the recent “Dorp van die Jaar” competition hosted by South African newspaper Rapport and KykNet programme, Kwêla, a considerable amount of marketing exposure has been gained and valuable lessons learnt during the process.
“Seeing that Walvis Bay was the last town to be announced as a regional winner, we had only one week to put our campaign into operation. Given the circumstances therefore, we did rather well to manage more than 47,000 votes” said Gert Kruger, Manager: Economic Development at the Municipality of Walvis Bay. His division played an important role in mobilising Namibians to vote for their representative. In contrast, the winner, Sabie, was the first town to be announced regional winner of Mpumalanga and therefore had a lot more time to prepare.
According to the Mayor, Councillor Derek Klazen, the competition played a big role in bringing the diverse community of Walvis Bay together. “Such opportunities should be cherished as they do not happen very often,” said Klazen.
Kruger added that the amount of exposure Walvis Bay had enjoyed on KykNet (Kwêla) and in Rapport would be difficult to express in monetary terms, but it could be in the region of N$500,000 or even more as some people have suggested. On whether Walvis Bay had a realistic chance of winning, Kruger said he never had any doubt “if only there were more time to mobilise the local community and Namibians in general, and to garner support among South Africans”.
On the whole, he was satisfied that valuable lessons had been learnt from the experience and should a similar chance ever present itself again, “we would know what to do in order to win”.
In conclusion, the mayor expressed his gratitude to everyone in Walvis Bay and elsewhere for their support during the competition and congratulated Sabie on their grand prize.

About The Author

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.