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PowerCom declares N$8.1 million in dividends

PowerCom declares N$8.1 million in dividends

PowerCom Pty Ltd was able to withstand the challenging economic times by focusing on its core business which is tower rental; accelerating new client on boarding and exiting non-core services that were not value adding, according to company’s CEO Alisa Amupolo.

The company managed to declare dividends of N$ 8.1 million for the 2017/2018 financial year.

According to Amupolo, the repositioning of the business has resulted in operational efficiency and significant cost savings.

“As a company, we encounter challenges by operating in what has traditionally been a fixed asset environment and, in recent years have recognized a need to invest in business process automation to generate real-time data which can then be used to develop a sustainable and effective flow of information between departments to better serve our clients and shareholders,” said Amupolo.

As a result, PowerCom has invested in an Enterprise Resource Planning System (ERP) to streamline systems and budgets in the years ahead, further allowing the company to integrate and manage all daily operations simultaneously, including technical and commercial elements alongside financial elements. The information has also been readily available to enable decisions to be made rapidly, delivering data accuracy to ensure decisions were appropriate and measured, while improving the speed of service delivery.

Amupolo also stated that focus was also placed on reviewing the existing PowerCom organizational structure, as the objectives were being poorly served by the existing structure, therefore realigning it to the company’s strategic objectives became a core goal of the financial year.

“Throughout this process, we remained mindful that operations must work according to the strategic plans if they were to help us achieve our goals and targets. We recognized a productivity gap and continue to address it, in further improving the financial stability of our organization,” Amupolo added.

Ensuring the structural integrity of PowerCom assets has also been a key area of work in the last financial year. This included maintaining existing structures, completing the commission of new towers, taking preventative measures by conducting structural analysis on various towers across the country.

Looking ahead, PowerCom believes there are clear opportunities and challenges ahead in the form of 5G, Artificial Intelligence, and the Fourth Industrial Revolution. The ICT landscape is not only going to evolve in the coming years, but it will transform entirely, and it is vital PowerCom continue to invest in preparing for this future as effectively as its clients undoubtedly will.

Therefore, PowerCom will place a primary strategic focus on reviewing its structure to better meet the demands and increase expertise in tower leasing to our business model of co-location service.

The company will also further invest in the security of its sites and bring maintenance forward as rapidly as possible. Futher strategic initiatives for 2019 include asset integration, gaining insight on legacy infrastructures and reducing turnaround times for services. Customer satisfaction will also serve as a key strategic focus area which is key to retention.

“Most important, we continue to build relationships in the market especially in respect of new tower demands by striking technical partnerships to continue providing world class communications infrastructure that enables connectivity to all industries for economic transformation,” she added.


 

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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.