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NamBizOne portal set to ease FDI transactions

NamBizOne portal set to ease FDI transactions

The Ministry of Industrialisation, Trade and SME Development (MITSMED) launched this week a single window portal as part of a series of steps to reform the ease of doing business with a pro active client service for local and international investors.

Kim Leng Tan from Singapore Cooperation Enterprise (SCE) demonstrated the completion of the first phase of the NamBizPortal. “From experience Namibia has fast tracked this process by reducing the number of days to register a business which other countries such as Uganda doing the same over a period of 10 years whereas here it was done in two years,” he said.

The second phase of the strategic reform is expected by 2018 with an Integrated e-Services Platform, and the third phase is set for 2019 with an Expansion on Licenses and Permits.

The vision of the Integrated Client Service Facility (ICSF) project is a commitment to improve the ease of doing business according to Tan. This is likely to reduce the full steps of registering a business to 5 working days or less from 66 working days, he added.

The Africa Competitiveness Report 2017 ranks Namibia in the top ten most competitive economy at sixth place.

The NamBizOne online business registration and compliance website, is part of the ICSF Project, meant for key stakeholder organisations to migrate to a digital service and apply the consultants knowledge in transferring proven methods and standards to establish a robust online one stop shop for investors.

According to the ministry’s Permanent Secretary, Gabriel Sinimbo all the necessary details, from submitting an investment proposal, to incorporating your business registering for tax and social security and applying for relevant licenses, all the necessary details are available on the portal.

Sinimbo said that with the assistance of SCE the economy will benefit from automation as an integrated 24/7 online registration e-service portal to allow for efficient integration with Inland Revenue and Social Security Commission, and fast tracking of permit processing for high-value investors.

In addition to the information available directly on the portal, NamBizOne also offer advisory services, while several government organisations are working with the Trade ministry to integrate their services so as to provide benefits of a seamless and more responsive customer service.

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.