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Rebranded Fleet Services company to drive the logistics sector to a new level

Rebranded Fleet Services company to drive the logistics sector to a new level

Eqstra Fleet Services Namibia recently re-branded and officially changed its name to Omatemba Fleet Services, at the end of May.

The word Omatemba, means a fleet of wagons in both the Oshiwambo and Oshiherero languages.

Murray Price, Chairman of Eqstra Fleet Management said they have been operating in Namibia since 2004 as part of a joint venture between Epia Investment Holdings, which resulted in the formation of an economic empowerment fleet management company, that is Omatemba.

“Omatemba has become one of the largest leasing and fleet management companies in Namibia, of which 70% is owned by Eqstra Fleet Management. We therefore believe the time has come to more fully align ourselves with Namibia by adopting this new brand name for Namibia,” he explained.

According to Price one of the major principles of their operations in the country has been economic empowerment.

“As a result we only employ locals for our operations and all vehicles leased and fleet managed by Omatemba are sourced, procured and maintained through local suppliers,” he added.

He further highlighted that this philosophy has ensured the success of their strategic partnership with Epia Investments, an empowerment company with a broad based ownership by Previously Disadvantaged Persons.

“Currently, our fleet comprises some 1000 vehicles, all of which are owned and managed by the business, in addition, Omatemba implements skills development and training programs, apprenticeship opportunities and mentorship schemes that facilitate skills transfer and support is also given to small and medium sized business enterprises, from their foundation through business management training interventions,” he said.

Price said they are fully geared to provide complete fleet solutions to their clients, as they outsource/sub-contract in Namibia vehicle washing, fuel cards roadside assistance and short term vehicle insurance.

“We will rely on Eqstra Fleet Management in South Africa only for financial administration, human resources control and administration,” he stated.

Their major contracts have included the supply of 858 rented vehicles to government on a 24 month contract, a fleet management partnership with Nampost for the last 19 years and a fleet management contract with NamDeb in Oranjemund which is now in its 11th year of operation. The company’s head office is situated in Windhoek with satellite offices in Oranjemund.


 

About The Author

Mandisa Rasmeni

Mandisa Rasmeni has worked as reporter at the Economist for the past five years, first on the entertainment beat but now focussing more on community, social and health reporting. She is a born writer and is working on her degree in Journalism at the Namibia University of Science and Technology (NUST). She believes education is the greatest equalizer. She is the epitome of perseverance, having started as the newspaper's receptionist in 2013.

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.