Select Page

Africa Oil Week’s programme expanded

Africa Oil Week’s programme expanded

The leading international oil and gas event set to take place in Cape Town, South Africa on the 5 – 9 November 2018, Africa Oil Week (AOW), will build on 25 years of success by adding a host of sessions and initiatives to their conference programme tailored towards driving transactions, deal-making and new partnerships.

With an expected audience of 1,300 attendees from over 70 countries, the 2018 Africa Oil Week has truly evolved into the only true go-to event for the African hydrocarbon sector

Brand new for 2018 is the AOW Prospect Forum, held in partnership with AAPG and open to ICE delegates, where National Oil Companies, Independents and Geo-service Companies will take to the stage to showcase open acreage, broker farm-out opportunities and present data viewings.

Alongside the Prospect Forum, AOW’s Seminar Theatre will also feature varied content across the week. Ministers and CEOs of state owned enterprises from countries including: Republic of the Congo, Ghana, Madagascar and Uganda will be hosting exclusive roadshows and bidding rounds highlighting licensing and investment opportunities to global operators and investors.

The African Local Content Forum, held in partnership with the Nigeria Content Development Monitoring Board (NCDMB) and sponsored by Shell, will host case studies and dedicated panel discussions on three key aspects of Local Content: Workforce Development, Policy and Private Sector on Wednesday 7 November.

This year’s event will showcase the AOWomen Initiative, which is designed to mainstream women in energy, develop blueprints for capacity building and gender equality to ensure women have a presence and a voice in shaping energy policy across Africa. The AOWomen Initiative will kick off with an exclusive breakfast briefing sponsored by Noble Energy on Thursday 8 November. Speakers will include Pam Darwin, Vice President – Africa of ExxonMobil and Mahawa Kaba-Wheeler, Director for Women, Gender & Development at the Africa Union.

AOW will also see the launch of the Student Programme and Future Leaders Initiative. New for 2018, the Future Leaders Initiative offers a half-price ticket to those getting started in the industry, providing a key opportunity for the leaders of tomorrow to network with peers and keep up to date with latest industry trends. The Student programme will draw over 100 final-year students from leading pan-continental institutions including the University of Cape Town and the University of Namibia, with the aim to inspire a new wave of talent. The programme grants students access to two days of content at AOW, including two dedicated sessions on capacity development led by Lindiwe Mekwe, CEO of Petroleum Agency South Africa, and Heads of Talent from leading industry organisations.

As Africa Oil Week shifts its focus towards becoming a deal brokering, finance and FID centred platform, it becomes a must attend business development event like no other in the industry. The Summit will also host a live panel broadcast on CNBC Africa on the morning of Thursday 8 November surrounding future funding models in the African energy sector. This session will cover topics such as global funding, M&A in the African upstream and funding strategies, presented by expert panellists including: Solomon Asamoah, CEO, Ghana Infrastructure Investment Fund, Paul McDade, CEO, Tullow Oil and Somit Varma, Managing Director, Warburg Pincus LLC. Directly following the CNBC panel will be three dedicated breakout sessions focusing on the role of global finance in the African upstream and how to drive transactions. These sessions will be moderated by leading industry figures from Latham & Watkins and Deloitte. (APO)


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.