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Wildlife Resorts reflects on the company’s progress throughout the year

Wildlife Resorts reflects on the company’s progress throughout the year

By Natasha Jacha.

The Namibia Wildlife Resorts (NWR) reflects on the progress during the year and how the company fared despite the economic challenges that the country is facing.

From a business perspective, Resorts generated N$361 million in revenue for the 2017/18 financial year, which was fuelled by the marketing drive that the company made in addition to the introduction of the Kavango Zambezi (KAZA) tour package.

This package alone attracted a lot of interest at ITB Berlin and the Africa Showcase: North America roadshow that Resorts attended.

The company also went on a cost-cutting drive that yielded very positive results. For instance, in 2013 the company’s cost of sales was standing at 72% and was brought down to 43% this year with next year’s target being 35% which is the industry standard.

In reaching the targets, NWR has been hard at work in finalising its Khorixas training institution.

“The key focus of the institution will be equipping our staff members and other interested individuals on the best practices within the hospitality industry. The lodging will still be open to the general public and will be catered to by the students. We anticipate opening it at the beginning of 2019 officially,” said the NWR Managing Director, Zelna Hengari.

Additionally, NWR also introduced its revised NamLeisure cards which for the first time started offering a 25% discount on meals and activities along with a student card.

“Looking at the current interest on the cards, it is safe to say that they have tremendously assisted our domestic travellers to enjoy all that NWR has to offer at discounted rates. Over the past few months, we have seen a huge uptake from first-time buyers due to the additional discounts now on offer,” said Anna Onen, Resorts sales and reservations manager.

In order to reward the tour operators who have been supplying the business with a great deal of ots clientele, they held a specific function to reward its top performing tour operators.

“This event was a testament to the value that we place on our partners in addition to our appreciation of them,” said Mufaro Njabulo Nesongano, NWR corporate communications and online media manager.

In giving back to the community, Resorts hosted some primary school learners from across the capital city at its Hardap resort under its Enviro-Kidz programme. The programme aims at educating learners on the importance of looking after their environment.

“Due to the huge interest that we received, we will take in more learners and also include learners from around the country next year. We aim to afford them an equal opportunity to experience Namibia’s national parks and to learn about how important they are to us as a country”, said Nesongano.

In solidifying its ability to host big tour groups, NWR undertook over 50 bikers through the KAZA countries (Angola, Botswana, Namibia, Zambia and Zimbabwe) in less than ten days. The tour aimed to showcase the most significant conservation area in the world as well as expose the bikers to the various communities within these areas.


Caption: Ms. Zelna Hengari, NWR Managing Director.


 

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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.