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Nedbank Group and Deutsche Bank announce a Southern African corporate banking partnership

Nedbank Group and Deutsche Bank announce a Southern African corporate banking partnership

Nedbank Group through its Corporate and Investment Banking operation and Deutsche Bank, through Deutsche Securities (SA) have entered into a cooperation to jointly provide primary equity and debt capital markets services to corporate, public sector and institutional clients in South Africa and select markets in sub-Saharan Africa.

The announcement which was made on the Namibia Stock exchange platform last week stated that the two institutions will cooperate on a transaction-by-transaction basis, with clients continuing to contract directly with each entity individually.

According to the statement, the two parties will not be creating a legal entity or other

joint venture structure and there is no impact on existing advisory and financing businesses, which remain separate.

The scope of the cooperation will include the following services: primary equity capital markets activities, including the management of initial public offerings, rights offers and placements; primary equity-linked capital markets activities, including the management of convertible and exchangeable bond offerings; and international debt capital markets activities, including investment-grade and sub-investment-grade Eurobond offerings.

The announcement stated that the key highlights of the cooperation are as follows: Preferred partners in managing capital markets services in South Africa and select markets in sub-

Saharan Africa; combines Nedbank CIB´s local primary markets expertise and strong client franchise in both the corporate and public sectors with Deutsche Bank´s South African equities and global capital markets distribution platform; and broadens client reach through local and international capital markets access, offering relevant, innovative solutions based on global best practice.

Brian Kennedy, Group Managing Executive of Nedbank CIB, said, “The cooperation with Deutsche Bank will enhance Nedbank´s ability to provide our clients with access to deeper sources of capital globally”.

Muneer Ismail, Chief Executive and Chief Country Officer for Deutsche Bank South Africa, said, “The cooperation offers a creative and innovative way to expand Deutsche Bank´s client footprint and deliver customised solutions”.

Alasdair Warren, Deutsche Bank´s Head of Corporate Finance EMEA and Co-Head of Corporate and Investment Bank EMEA, said, “Deutsche Bank has a proud 25-year history in South Africa. Through our cooperation with Nedbank, we aim to broaden our franchise, further underlining our commitment to both the country and the region”.


 

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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.