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Swakopmund International Trade Expo set for October

Swakopmund International Trade Expo set for October

The Namibia Chamber of Commerce and Industry (NCCI) Swakopmund branch will host the 5th Annual Swakopmund International Trade Expo (SWAITEX) in the Swakopmund Indoor Sports Centre (The Dome) from 11-14 October.

This year the team is working hard to ensure that there will also be representatives from international business from countries such as Brazil, Turkey, India, EU and other SADC members. The theme for SWAITEX 2017 is ‘Embracing Innovation and Technology’.

SWAITEX is the only Expo across Namibia organised under the umbrella of the NCCI, which makes it different from all other expos in the country.

The Swakopmund Branch has been organising SWAITEX for the past 4 year from its very humble beginnings in a tent at the Swakopmund Municipality parking lot in 2013, SWAITEX has become a permanent fixture on both the Swakopmund and Erongo region events calendar and it attracts many visitors and investors to the coast.

The Expo will host exhibitors from the Mining, Finance, Tourism, Energy, Transport, Medical, Education, Fisheries, Logistic, Commercial and Retail sectors.

The event will also accommodate representatives from the SME, Sports, Wine and Décor, Catering, Construction and Outdoor sectors.

Meanwhile, the organisors added that the motor show in 2016 grew to heights and proved to be a crowd favourite.

This year we will be introducing a theatre area with the capacity of 100 seated people,” NCCI added.

The main aim of SWAITEX is to provide an opportunity for business and community stakeholders to showcase their products and services to the public, whilst forging networks and business linkages for economic growth.

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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.