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Mbuende’s term as chair of the ACP Committee of Ambassadors comes to an end

Mbuende’s term as chair of the ACP Committee of Ambassadors comes to an end

The Namibian Ambassador to the European Union, HE Dr Kaire Mbuende has just ended his term as the chairman of the Committee of Ambassadors of the African, Caribbean and Pacific (ACP) Group of States. Ambassador Mbuende is succeeded by Ambassador Joshua Kalinoe of Papua New Guinea.

At a handover ceremony last week, Dr Mbuende summarised his activities and thanked his co-bureau members for their useful contributions to the work of the ACP Group. He expressed satisfaction with the work they had accomplished and acknowledged the support of the group secretariat throughout their tenure.

The Secretary General of the ACP Group, HE Dr Patrick Gomes thanked the outgoing bureau for steering the group over the previous six months from 1 February to 31 July 2019. He welcomed the new bureau and pledged the continued assistance of the secretariat. The ACP Secretariat is based in Brussels, Belgium.

Incoming chairman, Ambassador Kalinoe said his focus will be on the negotiation of a new partnership agreement with the European Union; the finalization of the review of the Georgetown Agreement; the renewal of the ACP Secretariat’s Senior Management and the preparation of the 9th ACP Summit of Heads of States and Government that will take place in December in Nairobi, Kenya.

The Committee of Ambassadors is an important decision-making body of the ACP Group of States. It comprises one representative from each of the Group’s 79 member countries. It meets at least once a month in Brussels to monitor the implementation of the ACP-EU Partnership Agreement, and carry out any mandate tasked by the ACP Council of Ministers.

Caption: The Namibian Ambassador to the EU, Dr Kaire Mbuende (front centre left) has steered the Committee of Ambassadors of the ACP Group of States for the past semester. He is succeeded by Ambassador Joseph Kalinoe (front centre right) of Papua New Guinea.


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Following reverse listing, public can now acquire shareholding in Paratus Namibia


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.