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Housing a major priority for Walvis municipality

A shortage of decent and affordable housing is one of the major challenges faced by the Walvis Bay municipal council. Informal settlements are mushrooming in certain areas of the town, with about 30 000 people living in these settlements.
According to Derek Klazen, mayor of Walvis Bay, the total backlog in terms of housing is an estimated 20 000 units.
“This is a major challenge that needs our urgent attention. In this respect, we need to continually engage with government to find solutions in the development of land and the approval of certain projects. Although we have made substantial progress this year in the provision of housing for industrial, commercial and residential purposes, this will continue to be a priority during our term of office,” Klazen said.
He said the municipal council is working with private developers and low cost groups to avail land for residential and industrial purposes and has identified land in the Narraville, Kuisebmond and Meersig areas which will be serviced for residential purposes. More than 500 erven will be provided through this initiative.
This year, approval was given for the extension of Kuisebmond, Narraville 5 and Narraville 6; a total of 980 erven were created. A new long distance taxi rank was also developed which will largely serve the Kuisebmond and Narraville communities. The development and subsequent launch of the Anixas Diesel power station has also been a highlight for the town.
The municipality has commissioned various studies such as the Integrated Spatial Development Framework, Local Economic Development Plan and Traffic Master Plan, which will assist in formulating a long term vision for Walvis Bay.
“I wish to reassure our residents that the council will continue to serve the entire community of Walvis Bay as it has been the norm since 1994. We simply refuse to slow down our efforts to ensure that continued growth, development and prosperity in a secure and stable environment remain our top priorities,” said Klazen.
In order to address the shortage of housing, the municipality expects to create 1000 more erven next year.

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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.