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China attaches great importance to its relations with Namibia – official

China attaches great importance to its relations with Namibia – official

China’s highest level visit to the country in six years, will see Chinese First Deputy Premier of the state council, Zhang Gaoli in the country from 26 to 29 August, according to the new Chinese Ambassador to Namibia.

Namibia will be the Chinese Vice Premier’s stop after having visited other countries like Kuwait, Saudi Arabia and Sudan.

At a media briefing with the new Chinese Ambassador to Namibia, Zhang Yiming this week, he said Namibia is the only stop in Africa’s sub -sahara region, the Vice Premier will visit. “That embodies the great importance China attaches to its relations with Namibia,” he said.

Namibia is forever a true friend, partner and brother of China and China-Namibia relationship has always been regarded as one of the top priorities in China’s African policy,” he added.

According to the Ambassador, during the high level visit, the two countries are set to discuss and enhance cooperation in priority areas such as industrialization, agricultural modernization, infrastructure, marine economy, new energy, tourism, wildlife protection and other fields.

During the visit, the Ambassador said, the Vice Premier will have the opportunity to visit Chinese projects in the country like the Husab Uranium Mine, container terminal of Walvis Bay and the Space tracking, Telemetry and Command Station.

Furthermore, a series of bilateral cooperation agreements on Economic and Technical Cooperation of grant for the new Airport road Project, Memorandum of Understanding on Human Resource Development Cooperation and exchange letters on the Feasibility of the 4 rural schools project are set to be signed.

 Caption:  the new Chinese Ambassador to Namibia, Zhang Yiming

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Following reverse listing, public can now acquire shareholding in Paratus Namibia


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.