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Oshikuku Town Council kicks off fundraising for Oshipe Trade Fair with backing by major sponsor

Oshikuku Town Council kicks off fundraising for Oshipe Trade Fair with backing by major sponsor

With two large towns on either side, Oshikuku battles to carve its own niche in Omusati’s regional economy. Not sitting back idly, the town council decided last year to host its own trade fair. This proved to be such a success that the council had no problem raising more funds for this year’s trade fair.

Situated only about 20 kilometres from the rapidly-growing Oshakati and some 50 km from the regional capital, Outapi, Oshikuku does not enjoy the benefits from either regional growth, or local trading. For most business people it is only a small town to cross on their way from Oshakati to Outapi or Ruacana.

In 2018, the town council decided to host the town’s own trade fair branded as the Oshipe Annual Trade Fair. This was a major hit with the local population and showcased for the first time, the potential of this small northern town.

This year, the council took their marketing activities a step further by hosting a dedicated fund raising dinner. At this event, FNB Namibia, sharing the council’s view on the town’s potential, came forward as the main sponsor, donating N$40,000 for its hosting.

“FNB has been a part of the Fair in Oshikuku since its inception in 2018. As part of our ongoing commitment to create a better world and give back to the communities in which we operate, we have upped our support to become the Fair’s main sponsor, by sponsoring N$40,000 for the successful hosting of the event”, said Abongile Mpikwa, FNB Far North Sales and Services Manager.

The Oshipe Trade Fair is scheduled from 27 July to 03 August 2019. FNB said it will be present as an exhibitor with a stand where applications for new accounts can be processed. The bank will also ensure enough cash is available for the fair with a mobile ATM to facilitate cash transactions.

Caption: Deputy Minister of Trade, Industrialisation and SME Development, Hon Lucia Iipumbu (centre) with FNB Oshakati and Oshikuku Branch Manager, Kito Namoya; acting Chief Executive of the Oshikuku Town Council, George Hipondoka; His Worship Mungandjera, the Mayor Of Oshikuku; Anna Nghipondoka, the Deputy Minister of Education, Arts and Culture; and Councillor Modestus Amutse.


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


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.