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‘Local is lekker’ – Nictus furniture opts for locally manufactured products

‘Local is lekker’ – Nictus furniture opts for locally manufactured products

In an effort to expand on variety offered, Nictus Furnishers once again forged relationships with local manufacturers, adding to the locally-manufactured Gweri socks already available at the retailer’s Windhoek branch.

Nictus Furnishers this week debuted locally-manufactured products at its Windhoek branch as part of the retailer’s recent agreements with local manufacturers.

It all started with the #LookingForLocal campaign that forms part of the retailer’s strategy to stock local products.

Francois Wahl, CEO of Nictus Furnishers, said the campaign started from social media where suppliers were invited to exhibit their products at the market day organized by the retailer, “These 10 local suppliers were selected based on different criteria including how much they were able to sell on the market day”.

Among the selected local suppliers, are SunCycles, a company that manufactures eco-friendly electric bicycles and Divine Leather Manufacturing who specialize in the production of leather products. Other selected suppliers include manufacturers of wooden, metal furniture and cosmetic products sourced from local ingredients.

Wahl also said the agreements with the new local suppliers are on a 6-month basis but looks forward to permanent partnerships with performing suppliers. “The vision is to have long-term relationships that are mutually beneficial for both parties and overall making local products accessible on a commercial scale.”

“When we started our relationship with Gweri Vintage Collections, it was initially just for our Windhoek branch but due to the demand, plans of launching the socks at both our northern and coastal branches are already under way and the same can be expected for the local products that will prove themselves in these few months, it’s a learning process for all of us,” he added.

According to Wahl, marketing an obstacle that many start-ups face, forms part of the agreements and suppliers will be provided marketing support.

Suppliers also benefit by having their products exposed to a much larger audience and expanding their reach to as far as the coastal and northern towns where Nictus branches are located, he said.


 

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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.