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Bank Windhoek’s mini-branch at the Ongwediva Trade fair to meet the unique needs of customers

Bank Windhoek’s mini-branch at the Ongwediva Trade fair to meet the unique needs of customers

With the 2019 Ongwediva Annual Trade Fair (OATF) in full swing, visitors to the town’s fair can look forward to carrying out a variety of financial transactions at Bank Windhoek’s mini-branch, constructed in the Bank’s new look and feel.

“The concept of the mini-branch is specifically designed and tailored to meet the unique needs of customers. It is in line with Bank Windhoek’s promise to deliver the best customer experience and achieve operational excellence,” said Bank Windhoek’s Executive Officer of Marketing and Corporate Communication Services, Jacquiline Pack.

Situated in the Queen’s Hall, the mini-branch offers existing and potential customers a pleasant banking experience in line with Bank Windhoek’s new brand identity. “Visitors can deposit funds, open a Bank Windhoek account as well as register for various digital offerings including Bank Windhoek’s Mobile App, CellPhone and Internet Banking,” said Pack.

Themed ‘Fostering Economic Growth through Innovation’, the Fair celebrates its 20th anniversary this year.

“As a 100% local bank, Bank Windhoek is proud of OATF’s growth over the years. OATF has developed into a leading national and international event on the Namibian business calendar and continues to draw interest from all sectors of our economy. It also serves as an opportunity to expose the products and services of small and medium enterprises (SMEs) in addition to creating a forum for smart partnerships with established corporate entities,” said Pack.

The Fair saw over 84,800 visitors last year and expects to attract a big crowd this year as well.

“Our participation in this Fair shows that the Bank remains committed to servicing Namibian communities, to foster existing customer relationships and partner with new customers, be they local residents or tourists visiting the country,” said Pack.

The 2019 Ongwediva Annual Trade Fair will conclude on Saturday, 31 August.


Caption: Delivering top customer experience: Bank Windhoek’s mini-branch at the 2019 Ongwediva Annual Trade Fair.


 

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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.