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Bundesverdienstkreuz bestowed on life-long Namibian friend, Klaus Hess

Bundesverdienstkreuz bestowed on life-long Namibian friend, Klaus Hess

The important work of the German Namibian Society to promote understanding between the two countries was officially recognised this week when the society’s president, Klaus Hess, received the Order of Merit of the Federal Republic of Germany.

German Federal President, HE Frank-Walter Steinmeier, bestowed the Order of Merit on Hess for his unstinting dedication over several decades to foster bilateral relations between Namibia and Germany.

The medal was presented by the Deputy Prime Minister of the federal state Niedersachsen, Bernd Althusmann, who worked for the Konrad Adenauer Foundation in Namibia for a number of years.

At the award ceremony, Althusmann lauded Hess for his dedication and outstanding expertise, saying that the latter had an important formative influence on Namibian German relations. He is also an acknowledged expert on issues of politics, Namibian civil society and local culture.

The [German Namibian Society] has been providing information about Namibia for more than 40 years, Althusmann said. He named the quarterly “Namibiamagazin” as an example, published since Independence in 1990. Furthermore the Society has promoted sustainable projects in the fields of education, health, social services and nature conservation.

Hess has also been instrumental in establishing the annual language competition for Namibian learners who take German as a foreign language subject. Through the work of the Society, he has contributed to many youth programmes and effected cultural exchange. The Society also contributed to the upgrading of the former Goethe Centre in Windhoek, turning it into a full-service Goethe Institute.

Hess expressed his gratitude for the official recognition but hastened to add that the award was ultimately due to all members of the German Namibian Society who have supported its many activities for so many years.

Hess is also a member of the Executive Council of the German Africa Foundation.


Caption: President of the German Namibian Society, Klaus Hess (left) and the Deputy Prime Minister of Niedersachsen, HE Bernd Althusmann. The German Federal Government bestowed the Order of Merit (Bundesverdientskreuz) on Hess for his dedicated work to foster good relations between Namibia and Germany. (Photograph by Lutz Müller)


 

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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.