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Africa Oil Week new partnership to offer an enhanced environment for operators to meet prospective clients

Africa Oil Week new partnership to offer an enhanced environment for operators to meet prospective clients

Africa Oil Week this week announced their partnership with SuperReturn. This new partnership offers delegates attending SuperReturn Africa, the continent’s biggest investor conference, access to Africa Oil Week on 8 November.

According to a press statement, for operators across the continent, raising capital remains one of the biggest challenges; whether it is funding exploration and production, or financing key infrastructure projects that will secure asset monetization for the long term.

“Africa Oil Week, in partnership with SuperReturn Africa, will now be able to offer an enhanced environment for operators to meet prospective financial partners, as well as ministers, senior government officials, national and independent oil company executives to exchange ideas and network,” the statement added.

In celebration of this exciting partnership, Africa Oil Week will be welcoming SuperReturn delegates to attend AOW on 8 November. The day will kick off with a live panel debate on ‘Global Funding Strategies and M&A for the African Upstream’ broadcast on CNBC Africa. Speakers confirmed for this important panel include Samaila Zubairu, President & CEO of the Africa Finance Corporation (AFC), Solomon Asamoah, CEO of the Ghana Infrastructure Investment Fund and Paul McDade, CEO of Tullow Oil.

Following the live broadcast, Africa Oil Week will host two breakout finance sessions addressing some of the key issues raised in the CNBC panel in greater detail, these include: the role of global finance in the African upstream and how to drive transactions in African infrastructure.

Through this partnership, Africa Oil Week looks forward to welcoming the continent’s most active energy investors who will gain unrivalled access to the opportunities spread across Africa’s upstream oil and gas markets.

“We are really excited to announce this partnership with SuperReturn Africa. This partnership will allow us to continue to provide a business and intelligence transaction platform and meeting place for Africa’s upstream oil and gas markets,” said Paul Sinclair, Conference Director, Africa Oil Week.

Africa Oil Week will take place at the CTICC in Cape Town, South Africa on the 5 – 9 November 2018.


About The Author

SADC Correspondent

SADC correspondents are independent contributors whose work covers regional issues of southern Africa outside the immediate Namibian ambit. Ed.

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.