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Out with the old, in with a new Sage X3 comprehensive business solution

Out with the old, in with a new Sage X3 comprehensive business solution

When Arnold Klein assumed leadership in November 2015 of agricultural supplier, Agra, little did he realise how quickly the concern will outgrow its outdated financial management systems. During the course of 2016, it became a priority for the new Managing Director to migrate Agra’s extensive business systems into a single, integrated, streamlined platform.

Last week Friday, Agra announced it is about to make the big move. On Monday 31 July 2017, Agra’s new business and financial management solution based on a Sage X3 engine, went live. Agra described the major switch-over as a significant milestone.

Informing its clients, mostly farmers, of the pending D-day, Agra sent out a circular via the Agricultural Union of Namibia.

The former co-op’s operations have expanded to such an extent over the past few years, that despite last year’s drought, it became obvious to the new Agra leadership they needed a faster, more flexible and simplified system to streamline their business processes, ensure data accuracy, integrate business functions and improve both operational and accounting efficiency.

Agra told the agricultural union they are confident that the Sage X3 system will enable them to drive efficiency across all their financial and operational processes providing their customers, nationwide with better service and cost effective product solutions; supporting their vision of creating a better life, for all Namibians.

As of Monday, Agra said their clients will notice the difference in the appearance and format of the new invoices. They advised that any glitsches will be sorted out within the first few days, asking their long-standing customers for a little patience when point of sale operations may seem slow.


 

 

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.