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Vivo, Spar continue to provide a convenience retail experience for motorists

Vivo, Spar continue to provide a convenience retail experience for motorists

Vivo Energy Namibia and Spar officially launched a Spar Express Store at the Shell-licensed Windhoek Fuel Centre this week.

The store, modelled on the larger parent chain store, Spar, will provide a convenience retail experience to motorists that visit Windhoek Fuel Centre, which consists of a Shell Gas station and a car wash.

The store, open daily for 24 hours, will also serve customers residing in the nearby suburbs of Kleine Kuppe, Cimbebasia and Olympia for quick and easy shopping.

Speaking at the ribbon-cutting ceremony, Edward Walugembe, Acting Managing Director of Vivo Energy Namibia, the energy company that distributes and markets Shell branded products and services in the country, praised the growing relationship between Spar and Vivo Energy.

“This is the 3rd Spar Express being launched under the Vivo Energy and Shell brands and a clear sign that the innovative approach to giving the customer more than they expect, is working. The two companies evidently share a common vision through their respective customer-centric approach to business. With this store we expand our convenience retail offering of providing Namibian customers extended shopping hours in a clean and safe environment,” Walugembe said.

The store, which comprises of a convenience section and a fresh-food Deli employs 33 Namibians, bringing the total number of employees at Windhoek Fuel Centre to 65.

“Spar Express is pleased to bring our offerings to another growing part of Namibia, and we look forward to serving our clients in a variety of ways,” said Spar Regional Buyer, Johan Mostert.

“We are also excited about bringing additional shopping options to our customers in Namibia through our smaller Express store format,” Mostert added.

Windhoek Fuel Centre site owner, Adam Boshoff, applauded Vivo Energy Namibia and Spar’s innovative partnership, while welcoming the much-needed sense of hospitality and optimism that the new enterprise brings to the site.

“It gives us satisfaction to know that we are now able to add more value to our traveling through this Spar Express”, a clearly elated Boshoff exclaimed.

The launch of this Spar Express, brings the total number of convenience retail stores at the 60 Shell sites in Namibia to 23, and underscores Vivo Energy’s leading position in convenience retailing in the energy sector, within the country and across Africa at large.


 

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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.