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Namibian Panamax drydock swallows Angolan drydock only to spit it out brand new

Namibian Panamax drydock swallows Angolan drydock only to spit it out brand new

It does not happen every day that one floating drydock is towed to another for repairs but this is exactly what happened this week when an Angolan drydock arrived in Walvis Bay on Thursday.

In a landmark deal for EBH Namibia, a floating drydock belonging to the Angolan Ministry of Fisheries, Pescangola, had to be towed from the Luanda harbour to Walvis Bay to undergo repairs in EBH’s Panamax drydock.

“For some time, we have recognised that strategically there are a number of pivotal synergies between the Angolan fishing ministry and EBH Namibia; and on a national level between Angola and Namibia,” said Hannes Uys, the EBH Chief Executive.

EBH Namibia is already well-known in the Angolan maritime and fisheries sectors as many of the support vessels which service the West African offshore oil industry operate out of Angolan ports,” said Uys.

To get the Pescangola drydock to Walvis Bay posed some unique logistical problems. A team of technicians from EBH had to go to Luanda first to ensure the dock was seaworthy before it could embark on the 900 nautical mile journey to the Walvis Bay harbour.

The Pescangola drydock known as the ‘Boa Vista’ had its basic hull constructed in 2011 by a shipyard in the Ukraine. The dock then had all its systems completed by ENP in Portugal before being sold to the Angolan government. The 62m x 21m dock can lift vessels up to a docking weight of 2000 tonnes.

Over the next twenty days, EBH will conduct some 25 tonnes of steel repairs and corrosion protection while the Boa Vista is inside the Namport 3 drydock. Another ten days are then required to commission all systems and ensure the Angolan dock can return to its port of base.

In the second week of September, officials from the Angolan fishing ministry will visit Walvis Bay to view the progress of the rehabilitation work.

EBH Namibia’s Commercial and Marketing Manager, Willie Esterhuyse commented “Even though this drydock repair is a ‘first’ in terms of repairing a drydock at our facilities, our experience and competence makes us the ideal partner to conduct a project of this nature.”


 

 

About The Author

Donald Matthys

Donald Matthys has been part of the media fraternity since 2015. He has been working at the Namibia Economist for the past three years mainly covering business, tourism and agriculture. Donald occasionally refers to himself as a theatre maker and has staged two theatre plays so far. Follow him on twitter at @zuleitmatthys

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.