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German Federal Parliament Tourism Committee visits the land of the brave

German Federal Parliament Tourism Committee visits the land of the brave

The Tourism Committee of the German Federal Parliament, the Bundestag, visited the country from 28 October to 2 November.

The nine Members of Parliament, representing all parties, first travelled to the Zambezi region where they were briefed about projects for sustainable management of natural resources which are supported through the German development cooperation. They include e.g. supporting national parks and park management, integrated wildlife management, community resource management and community-based conservation support, biodiversity management and adaptation to climate change, as well as cross-border conservation and use of natural resources in the SADC region.

In Windhoek, the delegation held discussions with the Minister for Environment and Tourism, Pohamba Shifeta, and in the Parliament, where they met with the Speaker, Prof. Peter Katjavivi and the Chairman of the Committee for Natural Resource Management, Hon. Sophia Swart, as well as other Members of the Namibian Parliament.

The delegation also met with representatives from Namibia Wildlife Resorts, the Namibia Tourism Board, tourism industry, entrepreneurs and civil society representatives. During a visit to the Silverspoon Hospitality Academy, the delegation was briefed about training opportunities in the hospitality industry.

The German Members of Parliament were thus able to gain a comprehensive picture of tourism development in Namibia and were impressed by the beauty of the country and the involvement of local communities in tourism programmes.

Many of the delegates expressed their wish to return to Namibia privately and with their families, in order to further explore the country.

Namibia is a popular holiday destination for German tourists; approximately 80,000 Germans visit every year.


Caption: The Delegation during their visit to the Zambezi Region and the Mudumu National Park.


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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.