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Maiden Property Expo attracts hundreds of visitors

Maiden Property Expo attracts hundreds of visitors

The Bank Windhoek Property Expo hosted by the Association of Estate Agents of Namibia (AEAN), attracted hundreds of visitors over the weekend.

The Expo took place on Friday and Saturday at the Sport Klub Windhoek (SKW) sports fields.

The Property Expo formed as an ideal platform for anyone looking to further their property journey whether it is buying, selling, renting or investing. The Expo brought together all the brands under one roof and included financial service providers, estate agents, developers, conveyancers and additional services.

Bank Windhoek’s Property Finance Sales Manager, Nancy McNab, said, “The Expo was a successful event and we were very pleased with the turnout. This is also positive news for the property market which is starting to show good signs especially in the central, coastal and northern parts of the country.”

Association of Estate Agents Namibia, hosted estate agents information sessions. This featured invited property industry experts who covered topics such as Technology in Real Estate; Property Valuations; Photography in Real Estate; Grooming your home to sell/Home Staging and Water Wise Gardens, to mention but a few.

The AEAN aspires to represent all registered estate agents in Namibia as a professional body of knowledge, advice and support, thereby contributing towards the social and economic upliftment of the property industry, Namibia and its citizens.

The two-day Bank Windhoek Property Expo lived up to its promise of being an exciting occasion on the property industry’s event calendar.

“It provided visitors with a fantastic experience of engaging with all the role players in the property industry. As a Bank, this is our way of investing in the communities where we operate, concluded McNab.


Caption: Networking: The Bank Windhoek stand offered services to visitors such as property and vehicle asset financing information.


 

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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.