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Long term insurer settles in Omusati capital to bring its services closer to its clients

Long term insurer settles in Omusati capital to bring its services closer to its clients

Sanlam has just upgraded it Outapi office from a small client service point to a fully-fledged office on par with all other Sanlam offices in the country. The new office serves the residents of Outapi and the Omusati Region.

Speaking at the official launch, the Sanlam Group Chief Executive, Tertius Stears, said Sanlam has to go where its clients are to ensure that they have full, convenient access to all the insurer’s services. This philosophy also applies to other regions where Sanlam is growing its footprint and Stears said more offices will be opened over the next two months.

Pointing out that both their existing and their prospective clients can now conduct all their insurance business in their home town, Stears said there is no longer any need for Outapi residents to travel to Oshakati or Ondangwa. Everything can now be done in Outapi from such basic issues like enquiries to more advanced administration like submitting claims, changing beneficiary information, or taking out new policies.

“The team at the Outapi office is equipped with all the necessary tools and skills to carry out their duties and they will ensure that no client leaves the office unhappy,” said Stears.

Welcoming the investment in the administrative capital of Omusati, the Governor, Hon Erginus Enjala reiterated that the people of Outapi no longer need to travel long distances for Sanlam services as these have now been brought right to their door step.

The Governor encouraged the Outapi community to use the opportunity to invest and plan their financial future. He also called on the insurer to contribute to financial education and to help relieve other pressing challenges in particular the impact of the drought.

Caption: Sanlam’s Group Chief Executive, Tertius Stears (left) and the Omusati Governor, Hon Erginus Enjala, opening the doors to the life insurer’s new office in Outapi.


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Following reverse listing, public can now acquire shareholding in Paratus Namibia


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.