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House completed in three weeks

On show at the Windhoek Show is a house which was constructed within three weeks by Vela Building Solutions. Namibians are encouraged to sms the words “vela house” to stand a chance to win a similar house worth N$180,000. (Photograph by Lorato Khobetsi)

On show at the Windhoek Show is a house which was constructed within three weeks by Vela Building Solutions. Namibians are encouraged to sms the words “vela house” to stand a chance to win a similar house worth N$180,000. (Photograph by Lorato Khobetsi)

The house constructed by Vela Building Solutions in three weeks is complete and can be viewed at the Windhoek Showgrounds as of this Friday.
Vela Building Solutions a newly formed company in Namibia, providing alternative building solutions and shorter turn around times in the construction process, started building a 43 square metre house with a single garage three weeks ago in a bid to prove to Namibians that their product is indeed a time saving, cost effective and sustainable housing solution.
The company will give away a similar house. By simply smsing “vela house” to 31444, Namibians right across the country stand a chance to win a two bedroom house to the value of N$ 180,000. Smses cost N$2,00 (excl. vat) per sms.
The company will construct a house for the winner anywhere in Namibia. The winner will provide the erf and Vela Building Solutions will build the house.
Vela Building Solutions CEO, Louis van den Berg and some of his colleagues encourages all Namibians who dream of owning a home to start smsing so as to come one step closer to their dreams.
The competition closes Friday, 5 October at 18h00.

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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.