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Local IT firm flies flag high at AfricaCom

Local IT firm flies flag high at AfricaCom

Local IT firm, Green Enterprise Solutions recently attended Africa’s largest Telecom Conference in Africa, in Cape Town. The organisation was also the first local company to be an exhibitor with its own stand at this pan-African event.

Green provides Information and Communication Technology Solutions for the local market, as well as internationally across Africa.

An extra dimension came in the form of the Hon.Tjekero Tweya, Minister of Information Communication and Technology, who was not just present at the AfricaCom conference, but was one of the featured speakers.

By visiting Green’s booth at AfricaCom he and his delegation emphasised the importance of Green’s presence in Cape Town at the conference., proving how important Namibia sees the role of ICT as a way to further develop Namibia’s economy and make it a skills-based economy that is future proof.

Green met like minded individuals, companies and partners from across Africa and further abroad, all sharing the same passion for developing Africa’s digital footprint and making the continent competitive in the ICT arena on a global level.

Kehad Snydewel, Managing Director of Green said, “Sharing ideas, best practises during interactive sessions at the conference gave us a great opportunity to show how advanced we are as Green. Being present at a forum like this and partnering up internationally is the only way in which we can innovate and compete on a global scale. Green wants and is right at the forefront of this drive to compete internationally, and AfricaCom provided the perfect setting. Having the Minister of ICT present and visiting our stand just was the icing on the cake.”


 

 

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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.