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Africa Oil Week 2018 slated for November – Programme for 25th Anniversary announced

Africa Oil Week 2018 slated for November – Programme for 25th Anniversary announced

London, 11 July – The Africa Oil Week will draw together over a thousand key players and leading decision makers to discuss drilling programmes, farm-ins, data viewings and new financing models

The 25th Africa Oil Week conference slated for 5 to 9 November will take place in Cape Town, South Africa and the organisors this week announced the programme for the event.

The event is spread across five days and promises to present a content and networking-rich summit programme featuring over 150 speakers from across the international oil and gas sector including industry leaders, 11 African Energy and Petroleum Ministers, Heads of NOCs, banks and PE Funds and CEOs from all major oil companies and independent operators.

Addressing the latest developments and trends in Africa’s oil and gas sector, Africa Oil Week will explore and facilitate new opportunities, partnerships and deal-making through a high-profile summit, a dynamic exhibition and a roster of unrivalled networking events.

The summit programme will draw together over a thousand key players and leading decision makers to discuss drilling programmes, farm-ins, data viewings and new financing models which can be adapted to new upstream and energy ventures.

As many regions of Africa continue to dominate interest across the industry, Africa Oil Week will host exclusive insights and debates from stakeholders in the most exciting territories on the continent. Delegates will hear the latest industry announcements first-hand, and attend presentations and showcases of proprietary information on transformational projects, bidding rounds and farm-ins.

Africa Oil Week will also host the most exclusive networking functions which will provide unique opportunities to meet with global decision makers looking to develop and diversify their upstream portfolios.

Africa Oil Week also has significant support from the industry, including lead sponsor Tullow Oil. Paul McDade, CEO, Tullow Oil, stated, “Africa Oil Week is the most important event of our year. We are committed to the future of African oil and gas, and we’re excited to come together in 2018 with a great list of leading companies, exhibitors and speakers focused on helping deliver Africa’s full potential.”

The 25th Africa Oil Week Inaugural Ministerial and VIP Programme will be opened by Hon Minister Jeff Radebe, Minister of Energy, while the Welcome Reception will be opened by H.E Helen Zille, Premier of the Western Cape Province, South Africa.

The summit will host two Ministerial Panels where Minister Jeff Radebe will be joined by Ministers from Ghana, Niger, Uganda, Gambia, Nigeria, Mali, Republic of Congo and Guinea as they take to the stage to provide their insights on attracting international operators and investment, and outline their national oil and gas strategies.

Additionally, there will also be spotlight sessions addressing key developments in Africa focusing on topics such as: governance and regulation, production outlooks, the energy transition mix, M&A in African oil and gas, capacity development and gender diversification, gas to power and gas monetisation.

Running parallel to the Summit’s plenary sessions is the Africa Oil Week Prospect Forum. Co-produced and held in partnership with the American Association of Petroleum Geologists and supported by PVE Consulting, the Prospect Forum provides a unique and dedicated platform for Independent Oil Companies, Geo Service Companies and National Oil Companies to showcase the most compelling farm-in opportunities, basin insights and roadshows. (APO).


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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.