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Bulk cargo sets new rail transport record on Tsumeb Walvis Bay route

Bulk cargo sets new rail transport record on Tsumeb Walvis Bay route

Dundee Precious Metals Tsumeb has become one of TransNamib’s most important clients, helping the state-owned transporter to set new freight records, and taking a substantial number of heavy trucks off Namibian roads.

Copper concentrate transported by rail from Tsumeb to Walvis Bay increased by 53% in the second quarter compared to the first three months of this year. In total, TransNamib moved more than 30,200 tonnes of copper during the quarter from the smelter to the harbour.

These large loads continued into the first week of July when another freight record was exceeded. In the space of a single week, TransNamib transported more than 6300 tonnes of copper concentrate from Tsumeb. If this rate continues, the rail operator will transport almost as much copper during July alone, at it has carried during the first quarter.

Acknowledging the key role its client plays, TransNamib stated “The movement of copper between Tsumeb and Walvis Bay is a concerted effort and continuous engagement between TransNamib and its customer to better serve and understand the needs of the customer.”

Shifting bulk freight to rail has a measurable impact on road safety. Last week’s record tonnage removed 180 heavy duty trucks from the Tsumeb Walvis Bay route, and the second quarter’s jump in tonnage, reduced truck traffic by about 60 trucks per day.

TransNamib’s Chief Corporate Communications officer, Ailly Hangula-Paulino said the significant growth in freight fits in with the parastatal’s strategic objective to move more bulk freight by rail. “The railway is designed for bulk transportation, [it helps] preserve road infrastructure and it decongests roads and alleviates road accidents,” she said.

On operational advantages, she stated “the competitive advantage of rail over road is that it can handle significantly more freight in bulk volumes at lower prices.”

TransNamib said it will continue to pursue a strategy of shifting bulk freight away from road haulage, especially for commodities transported from the coast to the interior, like fuel.


 

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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.