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Wildlife Resorts aims to make domestic traveling affordable for all citizens

Wildlife Resorts aims to make domestic traveling affordable for all citizens

Quite often the chance to travel is dismissed once one considers the costs associated with it. When an individual considers visiting a new place, the first question that comes to mind is – How expensive is it going to be?

This is one of the reasons that Namibia Wildlife Resorts (NWR) has continuously come up with incentives to encourage domestic travel and to make it as affordable as possible.

“As a way of ensuring that every citizen has an opportunity to visit us during major holidays, we tend to come up with specials. For instance, this past festive season, we reduced our lodging rates by 60% which meant that a couple that booked a bush chalet at Gross Barmen only paid N$ 880 inclusive of breakfast per night”, said Mufaro Njabulo Nesongano, NWR Corporate Communications and Online Media Manager.

One such example was popular Touch FM radio presenter Ms Queen Avula who was able to take a break with her partner at Gross Barmen over the festive season.

“Ever since I was young, I have always been adventurous and enjoyed traveling. I believe that traveling enhances one’s tolerance for uncertainty, and it definitely creates memories for a lifetime. Being quite flexible and expressive, I made friends easily, so in the past I would even travel alone and make friends where I land”, said Avula.

“Now that I have a partner who enjoys leisure, traveling has become even much more fun however a bit costly. That is why when I heard about the special that NWR was offering during the festive season I was very excited about it. In addition to that, I also acquired a NamLeisure Plus card for couples in order to benefit on the discounts offered on meals. Since the card is renewable after a year, I intend to make use of it in order to explore Namibia further,” she 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.