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Arandis promotes SME development

Recognising that small and medium enterprises (SMEs) play a major role in income generation and economic growth in Arandis, various initiatives were deployed over the past five years to stimulate the development of SMEs. According to Andrew !Hoaeb, communications officer of Arandis Town Council, support has been provided to the Arandis SMEs through enterprise and entrepreneurial capacity building for existing and emerging entrepreneurs.
This has been done by way of upgrading business skills and it has contributed to business growth and employment creation. Recently, the municipal council completed the construction of an additional six units at its Trade Centre for formal SMEs.
Currently, 11 units have been completed and council has also submitted project proposals for funding in order to complete the facility.
“The council will construct an Open Market next year for informal traders,” !Hoaeb said.
The centre compliments other measures put in place to further develop SMEs including the establishment of the Namibia Chamber of Commerce and Industry’s branch as well as initiatives by the Erongo Development Foundation.
“A number of SMEs also became very successful through participating in the trade fairs hosted in Namibia every year,” !Hoaeb said.
The trade centre aims at giving small businesses the opportunity and platform to make a meaningful  contribution to their own lives and the economy.
Meanwhile, as part of ongoing efforts to promote business activities and opportunities, the 5th Erongo Regional Youth Enterprise Expo was held last week in Arandis.
This year’s Erongo Regional Youth Expo was also a success as it brought together entrepreneurs, mainly the youth to share best practises and showcase their products and services.
The expo featured a number of activities. This included a show that featured renowned musicians such as Raphael and Pele, Vanity, Imelda, Ondarata and Georgy amongst others, as well as the Miss Erongo beauty pageant.
The expo also featured an exhibition showcasing a variety of products and services as well as an open day session that took place on 2 December. Various speakers included the Minister of Trade and Industry, Dr Hage Geingob, Minister of Finance, Sara Kuugongelwa-Amadhila, Cleophas Mutjavikua, governor of the Erongo region, Asser Kapere, chairman of the National Council and Mandela Kapere, executive chairperson of National Youth Council.

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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.