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FNB Desert Dash next weekend

Aidan Danste, event organiser of the FNB Desert Dash and Dixon Norval. Head: Strategic Marketing &. Communications at the launch of the FNB Desert Dash 2012. (Photograph by Hilma Hashange)

Aidan Danste, event organiser of the FNB Desert Dash and Dixon Norval. Head: Strategic Marketing &. Communications at the launch of the FNB Desert Dash 2012. (Photograph by Hilma Hashange)

Five hundred riders have registered to participate in this year’s edition of the FNB Desert Dash Mountain Bike Challenge which takes place on Friday, 14 December through to 15 December. One hundred and thirty riders will attempt the solo challenge.
According to event organiser, Aidan Danste, this year’s event will be 29kms longer than last year bringing it to 369km, which puts the FNB Desert Dash in a unique position of possibly being the longest single stage 24hour mountain bike event in the world. The event will start at 15h00 at the Windhoek Golf Club ending in the coastal town of Swakopmund the next day.
The second half of this year’s route encompasses the relatively unknown areas of both the western Namib Park and Dorob Park.
The first riders are expected into the Pupkewitz Nissan Finish Zone in Swakopmund before sunrise, with the bulk of riders checking in by midday.
Dixon Norval, FNB Head: Strategic Marketing and Communications, said most people who are not cyclists are not aware of the amount of work that goes into preparing for such a distance and the extremes that go with it from very hot to very cold weather, to steep climbs and steep declines.
“You cannot just get onto the bicycle and start pedalling, 369km is not child’s play and the participants have been preparing for months, some even for years for this event. Many more have prepared but could not get a slot to participate,” he said.
The cut off for riders at the Pupkewitz Nissan Finish zone is 15h00 on Saturday, 15 December. Riders from America, Australia, Austria, Botswana, Britain, Canada, Germany, Netherlands, Peruvia, Poland, South Africa, Spain as well as Switzerland are expected to participate in this event.

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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.