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Avani Hotel unveils second phase of N$24 million facelift

Avani Hotel unveils second phase of N$24 million facelift

The Avani Windhoek Hotel & Casino unveiled the completed second phase of the modernisation project last week.

The second phase includes the redevelopment of new conference facilities, an upgrade to the famous Dunes restaurant and a state of the art gym to a thoroughly modern look and feel.

“AVANI Windhoek Hotel a Windhoek landmark and the current upgrade of more than N$ 4 million will see it regain its status as one of the leading hotels in the city. The upgrade forms part of a larger revamp of the entire Gustaf Voigts Shopping Centre, amounting to a total of more than N$140 million,” explained Rudie Putter, General Manager of AVANI Windhoek Hotel & Casino, during the launch events.

Minor International, owner of AVANI Windhoek, realised the potential of the hotel but saw that a much-needed upgrade to the facilities was essential.

Tourism is growing year on year in Namibia, as are business travel and conferencing demand. This requires first-rate accommodation in a central part of the capital city, together with all the other modern conveniences expected from business and tourist hotels around the world. The hotel has also invested in upgraded high-speed WIFI throughout the hotel during the second phase of the renovation, to ensure guests can stay connected.

“This project extends far beyond a structural and décor makeover of the hotel, as we have invested significantly in training and upskilling our 100% Namibian staff complement,” said Putter.

“Training programmes included online courses that’s accessible on any mobile device, service training and internationally recognised sales training courses hosted in Johannesburg, South Africa. The entire refurbishment project is slated to be completed towards the end of 2018 or beginning of 2019,” he added.

Supported by AVANI Hotels & Resorts, which has properties in countries across Africa, Asia, the Middle East and in Europe, the massive redevelopment of AVANI Windhoek Hotel & Casino has been implemented by AVENG Construction Namibia, DLH Interiors and several sub-contractors with all contractors and sub-contractors on site being of local origin.

Meanwhile, the final phase will see the complete reconstruction of all facilities at rooftop level and will feature a Grand Ballroom, a new signature rooftop restaurant and a rooftop bar alongside a new swimming pool and pool deck.


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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.