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Namport responds to tender allegations

Dear sir,
Namport would like to respond to media releases that have enjoyed prominence in various local newspapers concerning the procurement processes of Namport, of note being the pre – qualification of one tenderer in the Engineering Procurement and Construction (EPC) tender of the New Port of Walvis Bay Container Terminal, that being, China Harbour Engineering Company Ltd as well as the pending review application before the High Court of Namibia concerning the tug boat tender, which was awarded to Damen Shipyards Cape Town (Pty) Ltd.
As regards the latter, we wish to advise the nation that Namport shall be filing its opposing papers at the High Court of Namibia shortly in reply to the allegations made by Centani Investment CC in the said review application.
Following on the foregoing, save to state that Namport has followed a due, open and transparent approval process, and that it is confident that it has acted fully in the best interest of Namport, it is not at liberty to divulge any information thereon as the review application is sub judice.
Without commenting on any and all allegations contained in the said articles, which allegations are in any event vigorously and steadfastly denied, as it is devoid of truth, merit, misguided and without basis, Namport herewith wishes to assure not only the Namibian people, the SADC region, but all persons worldwide that any and/or all decisions taken by Namport are in line with its policies, procedures and internal processes. Further, it need be categorically stated that due consideration of a matter requiring a decision or recommendation is given at all the relevant levels prior to an informed decision being taken.
According to the Namibia’s edition of 6th December 2011 in an article entitled “ACC clears N$ 2 billion Namport tender”, the said article corroborates Namport’s version that it has complied with its policies, procedures and internal processes.
Namport has always and shall continue to use the principles of transparency, fairness, impartiality, and good corporate governance as a yardstick in coming to its decisions.
It need also be pointed out that Namport has very clear objectives and that is to serve the Namibian people, the region and the international market and most importantly to contribute to the development of Namibia and any notion that suggests otherwise is refuted in totality.
To this end, Namport’s omission to deal with all the allegations set out in the articles of the various local newspapers should not be interpreted to mean that Namport has waived its rights to so do and all the rights of Namport remain fully reserved.
Bisey /Uirab
Chief Executive Officer
Namport

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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.