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Arandis expo attracts more local exhibitors

 Anna-Marie Ellitson (far left) of Desert Trend, welcomes visitors to her stand during the 2011 Arandis Expo held on 28 and 29 October at the town. Interest from entrepreneurs in the Arandis Expo has grown tremendously, attracting more exhibitors than any other year since the expo was first held in 2008.
“At the first Arandis Expo in 2008, only two of the exhibitors were from this town. Fast forward four years and 14 local entrepreneurs showcased their goods and services at the 2011 Arandis Expo,” Danny Meyer, director of SMEs Compete, said.
Conceptualised, organised and hosted by SMEs Compete, this year saw 22 exhibitors from Arandis displaying products and services at the event.
Products and services on exhibit during the 2011 Arandis Expo included clothing, beauty, hair care and health products, ICT equipment, fresh vegetables, pot plants, catering supplies, processed meat and cellular phones.
In addition, the SME Business Unit of First National Bank and the Electoral Commission of Namibia ran information stands at the exposition.
The expo also featured an Entrepreneurs Roundtable and a talent contest. During the round table session, experienced business persons from Arandis shared challenges the businesses face in the town with the visitors.
During a tour of the expo, Meyer told the town’s Mayor, Daniel Muhuura and councillors that such market access events serves as a tool to grow the economy of smaller towns such as Arandis.
Referring to the town’s history at an entrepreneurs dialogue session, Meyer added that: “Not too long ago there was few enterprises in Arandis due to dependence on freebies and handouts from the local mine. That is why SMEs Compete decided to start working with local entrepreneurs. Four years later the results speak for themselves as you look around this expo.”
SMEs Compete provides business and employment creation support to small and medium enterprises. The firm was founded by Danny Meyer and Claudine Mouton in 2006.

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Following reverse listing, public can now acquire shareholding in Paratus Namibia

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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.