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Indongo launches N$30 million Ford dealership in Oshakati

Indongo  launches N$30 million Ford dealership in Oshakati

The Indongo Group recently launched a N$30 million new Indongo Ford dealership in Oshakati.

Speaking at the launch, Dealer Principal, Tanja Beukes reiterated that the venture is not only a greenfield investment in the context of motor dealership in the country, but is also an indication of the Indongo Group’s commitment to live by the principle of doing what is necessary now, to reap tomorrow’s harvest.

“In the world over, the one element of the Ford brand that continues to stand above all is their brand promise to ‘Go Further’ and the opening of this dealership is a practical example of how Ford Indongo is implementing and executing this brand promise,” Beukes said.

The launch also saw the unveiling of the new Ranger Raptor for the first time ever on African soil, which will be available at the dealership for purchase in June 2019. The all-new Raptor comes with a 2.0L BiTurbo engine and 10-speed automatic gearbox that produces an astonishing 157 kW and 500 Nm of torque and a myriad of other additional features which include amongst others; lane departure warning, keyless entry and a push button to start the engine.

“Many of you who know my background, would appreciate that the establishment of Indongo Ford here at the Continental 1 complex is emotionally very special to me. It is here where I started decades ago, establishing myself as a Namibian businessman,” founder of the Indongo Group, Dr. Frans Aupa Indongo said at the launch.

The new Ford dealership opened its doors in Oshakati in 2018. To date, the motor division of the Indongo Group alone, employs at least 256 people which includes dealer principals, mechanics and sales staff. The new Indongo Ford dealership adds another 23 employees to this growing workforce.


Caption: Celebrating the Indongo Group’s major automotive investment in the North, from the left, Jeremy George, CFO and COO of the Indongo Group; Hon Irimari, Governor of the Oshana Region, Tanja Beukes, Indongo Ford’s Dealer Principal; Dr Frans Aupa Indongo, group founder and chairman, Kobus van Graan, CEO of the Indongo Group; Mrs Indongo; Dr Solly Amadhila, Chairman of the Indongo Trust; Hon Usko Nghaamwa, Governor of the Ohangwena region, Governor Kankoshi and Mr Daniel Herselmann, representing Ford Motor Company of South Africa.


 

About The Author

Donald Matthys

Donald Matthys has been part of the media fraternity since 2015. He has been working at the Namibia Economist for the past three years mainly covering business, tourism and agriculture. Donald occasionally refers to himself as a theatre maker and has staged two theatre plays so far. Follow him on twitter at @zuleitmatthys

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.