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Mans and Steyn unbeatable at Otjiwa MTB race but had to work hard to stay ahead

Mans and Steyn unbeatable at Otjiwa MTB race but had to work hard to stay ahead

Gerhard Mans Jnr continued his winning streak, taking the laurels in last weekend’s 2019 MTB Eagle Ride at Otjiwa Safari Lodge in the Otjiwarongo district. Mans, racing as a sub-veteran, completed the gruelling 80-km cross country race in just 02:23:28.

Among the women, it was also a mature rider who crossed the line first. Irene Steyn, racing as a veteran, outdid the whole field, finishing the 80 kilometres in a very respectable 02:43:40.

Mans’ victory did not come as easy as his previous win in the West Coast MTB. Regardless of the staggering pace he set, he was kept in sight the whole time by ardent contenders, Alex Miller, Xavier Papo and Drikus Coetzee. Mans was actually chased down over the final 100 yards by Miller who came in a whisker after Mans in 02:23:31.

Steyn’s victory was not such a nail-biting affair but she still had to work hard for her top spot on the podium. Given the ultra-long distance of 80 km, her closest rival, Jeanne Heunis, tracked hard and crossed the line only three minutes later in 02:46:34.

Otjiwa’s Eagle Ride comprised cycling races over 40, 20 and 10 km, and two cross-country running events over 20 and 10 km. All in all, more than 400 athletes pitched up for the day.

The Eagle Ride was the third leg of the Gravel & Dirt MTB Marathon Series.

The series is sponsored by Hollard Insurance as main sponsor with co-sponsors Kia Motors, Windhoek Light beer, Food Lovers Market, Candor Namibia, Panamor Gel and Cymot. The Eagle Ride was also sponsored in part by Otjiwa Safari Lodge as part of Ohlthaver & List Leisure.

The next event in the series is the Africa Safari Lodge MTB on 08 June 2019.


Caption: Irene Steyn (left) and Gerhard Mans Jnr took the honours at the 2019 MTB Eagle Ride held over the weekend at Otjiwa Safari Lodge. (Photograpsh by Fotografika)


 

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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.