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Tourism board and Team Namibia join hands to promote domestic tourism

Tourism board and Team Namibia join hands to promote domestic tourism

Under a Memorandum of Understanding, signed earlier this month, the Namibia Tourism Board will have access to the considerable marketing network of Team Namibia, running joint campaigns and regularly pushing tourism board information to the Namibian and southern African regional market.

The memorandum was signed by Bärbel Kirchner (left), representing Team Namibia, and Digo //Naobeb, the Chief Executive of the tourism board.

Part of the working partner relationship will give the tourism board the right to use Team Namibia’s logo on both its national and international marketing messages. Reciprocally, the board will encourage tourism establishments to join Team Namibia as members.

Collaboration is intended to gain momentum fast with the first official event where the partnership will be visible, the International Tourism Exchange (ITB) in Berlin in March followed by the Indaba Expo in Durban in May.

There will also be collaboration to attend and participate at selected local trade fairs, exhibitions and events. In this regard, Team Namibia plans to arrange a business-to-business networking event for Namibian manufacturers, producers and service providers to present their offering to Namibian tourism businesses.

After the signing engagement, Kirchner commented “Domestic travel generally can have a positive impact on Namibia’s trade balance, especially if Namibians were to spend their discretionary income locally and not only import travel services by travelling to tourism destinations outside the borders of Namibia.”

Underscoring the importance of domestic tourists, //Naobeb stated “Developing our domestic tourism market will always be important for us. We want Namibians to experience our own tourism and explore the scenic and cultural highlights in the different regions within in our vast country. I believe that as Namibians we all are the best ambassadors of our country, through our collective reach to international markets, sharing our individual experiences, via the spectrum of digital platforms.”

“Building up a domestic tourism market, is particularly important to address the question of seasonality and to help our tourism businesses to increase occupancy during the less busy months of the year. We believe that an active collaboration with Team Namibia will help us to achieve this objective” he concluded.


 

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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.