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Upgrading, renovations of national library, archives building commences – Completion expected March 2020

Upgrading, renovations of national library, archives building commences – Completion expected March 2020

The upgrading and the renovation of the National Library and the National Archives building commenced this month and is expected to be completed by the end of March 2020.

The Ministry of Education, Arts and Culture in a statement this week told the general public, students, researchers and other stakeholders that due to these renovations, there will be periodic interruptions to services from time to time.

The Ministry has prioritized the renovation due to the frequent downtimes, that has been experienced by both institutions, hence the building is one of the projects that is being funded by the African Development Bank to the tune of about N$18.5 million.

This amount has been set aside to replace all of the water pipes, repair the fire sprinkler system, the electrical works and the overhauling of the air-conditioning system, amongst other repairs.

According to the Ministry, the renovation process is very essential, in order to ensure that the country’s documentary heritage is preserved for research and for posterity.

The National Library is a public research institution mandated by the Namibia Library and Information Act, Act number 4 of 2000 to collect, preserve and promote access to its collection, nationally and internationally.

It also serves as the only National Bibliographic Agency responsible for the allocation of the International Standard Book Number / International Standard Serial Number (ISBN / ISSN), to publishers and authors of books, magazines or anything published in Namibia.

Meanwhile the National Library contributes to the socio-economic, cultural, educational, scientific and innovative development of Namibia by collecting, recording, preserving and making available the national documentary heritage and promoting an awareness and appreciation thereof, by facilitating access to the world’s information resources.

The National Archives is the only government institution responsible for setting standards, inspecting records and ensuring all Offices, Ministries, Agencies and State-Owned Enterprises follow proper records management, as mandated by an Act of Parliament, the Archives Act, Act number 12 of 1992. It promotes efficient, accountable and transparent government through the proper management and care of government records. It houses the National documentary Heritage dating back to the 1800’s.


 

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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.