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Agra relocates Oshivelo branch to Ondangwa – feasibility study confirms that actual market is based further north

Agra relocates Oshivelo branch to Ondangwa – feasibility study confirms that actual market is based further north

Following the recent closure of its Oshivelo branch, Agra has opened a new branch in Ondangwa, after a feasibility study confirmed that its actual market is based further north.

The new retail branch, which opened its doors on 27 July, offers sufficient retail area of 871m² consisting of shelves and cashiers; administration offices of 88m2; bulk storage of 653m²; yard space of 2087m², concrete pavement & gravel parking area of 565m².

The new branch provides comprehensive product ranges, including but not limited to DIY, building materials, hardware, water equipment, fertilizers, camping and outdoor, animal medicine and health products, household and consumer goods.

Agra CEO, Arnold Klein said that the company recognised the need of the farmers within the northern area with regards to the availability of a wide range of agricultural inputs at affordable prices, including sound and professional advice and hence decided to increase its footprint in the northern communal areas.

“Agra continuously re-invests into the Namibian economy, by improving and expanding our current offering to the Agricultural sector. The new Ondangwa branch and the upgrading of the Aranos branch which is expected to be done by end November, shows our commitment to growth and investment into infrastructure and enables us to make a difference in communities of Namibia. We consider this milestone as the continuation of an ideal, which connects with Agra’s vision of being a market leader in its chosen markets,” Klein said.

The branch is located at Shop 8, Erf 1300, main road, B1 Ondangwa next to Woermann & Brock Cash n Carry. The Ondangwa branch trading hours will be from Monday-Friday 08h00 to 17h00, Saturday 08H00 to 13H00. On Sundays and public holidays, the branch will be closed.


Caption: CEO of Agra Limited Arnold Klein, Exco Team, Management and Staff at the grand opening of the Agra Ondangwa Branch.


 

About The Author

Donald Matthys

Donald Matthys has been part of the media fraternity since 2015. He has been working at the Namibia Economist for the past three years mainly covering business, tourism and agriculture. Donald occasionally refers to himself as a theatre maker and has staged two theatre plays so far. Follow him on twitter at @zuleitmatthys

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

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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.