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Hosea Kutako International Airport upgrade set to ease congestion – Construction to commence next week

Hosea Kutako International Airport upgrade set to ease congestion – Construction to commence next week

The Deputy Prime Minister and Minister of International Relations and Cooperation, Hon Netumbo Nandi-Ndaitwa this week officiated at the groundbreaking ceremony of the Congestion Alleviation project, at the Hosea Kutako International Airport.

The project, estimated to cost N$250 million, is spearheaded by the Namibia Airports Company and sets the target to double the handling capacity of the airport to accommodate increased passenger numbers up until 2030.

The construction which will be undertaken by Nexus Building Contractors will commence on 23 September and be completed by September 2020, according to the airports company.

Nandi-Ndaitwa at the event highlighted the importance the government attaches to upgrading and modernising the country’s airport infrastructure, in view of the projected growth estimated by Airport Council International, projecting that emerging and developing economies will account for over 60% of all passenger traffic by 2040.

Airports Company’s board chairman, Leake Hangala,  said the upgrade will double the airport’s passenger handling capacity to deal with the serious congestion it faces as passenger movement has increased to more than a million per year.

“As an important part of the transport sector, the airport requires sufficient infrastructure to attract new airlines and enhance air connectivity which will in turn stimulate our economy,” said Hangala.

Meanwhile, the number of security screening point will be increased from 3 to 5, Passport control (3 to 7), Check-in counters (14 to 18), Self check-in counters (5), passport control, (8 to 17), baggage reclaim (2 to 3), while the departure hall will be expanded and a new arrival hall constructed.


 

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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.