Select Page

SMEs to help rebuild Angola

(Left to right) Emilio Rodriquez and Hilma Hitula, director of Namibia Housing Initiative (Photograph by Johanna Absalom)The multi-billion dollar initiative, Namibia Angola Housing Initiative (NAAHI), is calling upon business owners and registered small and medium enterprises (SMEs) to submit their applications in other to be part of the lucrative infrastructure building opportunities in the pilot phase of three provinces in Angola.
Hilma Hitula, director of Namibia Angola Housing Initiative, said the scheme is currently looking for businesses in especially the SME sector, who are interested in rendering their services on a contractual basis.
Businesses can contact the Namibian Chamber of Commerce (NCCI) who will facilitate the registration process.
“There is no due date for submissions with the NCCI, as the project is ongoing,” Hitula said.
In order to enhance capacity building and facilitation of the project, NAAHI has also partnered with Antex to carry out the project mandate.
Antex, a Cuban-based company, will provide technical support including training in areas of construction and infrastructure.
It is envisaged that the scheme will enhance Angola’s ability to create much needed jobs while revitalising the country. The scheme will not only cover building rehabilitation, but also improve Angola’s competitiveness and productivity.
Hitula added that the scheme will target logistic capabilities, customs as well as infrastructure development.
NAAHI and its key partners travelled across the country through out this month, to brief SMEs on how they can participate so that they know how to execute the mandate of the project;
“It is beneficial for Antex and partners to see the scope of work and seek areas of further  collaboration,” Hitula added.
According to Hitula, the project is expected to create an undetermined number of jobs and offers unlimited business opportunities for SMEs in Namibia and Angola. The scheme is expected to run for a minimum of 10 years.
NAAHI is a strategic partner of the South Africa Angola Housing Initiative (SAAHI), which was formed to ensure the active participation of Namibian and South African public and private sector entrepreneurs in the reconstruction and development of Angola. The initiative is centred around the provinces of Moxico, Cuando, Cubango and Cunene.

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.