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Local businesses invited to be part of the biggest China sourcing platform in Africa

Local businesses invited to be part of the biggest China sourcing platform in Africa

Members of the Namibia Chamber of Commerce and Industry have been invited to apply to be a Hosted Buyer at the China HomeLife and Machinex fair set to take place in South Africa.

The third edition of the fair is only three weeks away and will take place from 31 August to 2 September.

According to the organisors, the business to business sourcing events offer an exclusive opportunity to meet and do business with over 450 quality Chinese manufacturers and suppliers all at competitive prices and all under one roof.

China Homelife and China Machinex set themselves apart from other trade shows of its kind, by connecting buyers with the right quality Chinese suppliers and manufacturers.

The Hosted buyers can access the onsite Match Making programme which assists buyers in their search for qualified suppliers from China and arrange an on-site meeting for business negotiation!

The organisers said as a major buyer and importer of goods one will find quality suppliers in the following categories: China Homelife Fair: fabrics, clothing accessories and garments; food and food ingredients; building materials, electronics and home appliances; furniture; hardware and tools, household items & gifts as well as lighting and lamps.

Furthermore with China Machinex, buyers can expect to find agriculture and construction machinery, plastic machinery, building materials, food processing and packaging, machine parts and accessories, electricity and new energy.

Meanwhile, the organisers said the following qualifying criteria apply for Hosted buyer status: Direct Purchasing Authority and Senior Executive / Decision Maker.

In terms of benefits for applying, they said the following will be included: Accommodation for two night’s only in a 4* hotel in close proximity to the venue, Gautrain ticket from airport to Sandton and return, complimentary on-site Mandarin translation services in the Match Making Zone, onsite matchmaking with leading suppliers, invited to one on one meetings with exhibitors, achjinVIP access badge, and lunch voucher for use within the exhibition venue.


Those that are interested in applying can complete the application form per the details as follows: http://24x7connect.net/callcenter/login.php. Username icon content sa_hosted1. Password – 123123 or contact Angus Houston e mail angus@chinamachinex.co.za.


 

 

About The Author

Musa Carter

Musa Carter is a long-standing freelance contributor to the editorial team and also an active reporter. He gathers and verifies factual information regarding stories through interviews, observation and research. For the digital Economist, he promotes targeted content through various social networking sites such as the Economist facebook page (/Nameconomist/) and Twitter.

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.