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Visa on arrival pilot project set to boost tourism and economic growth

Visa on arrival pilot project set to boost tourism and economic growth

The Ministry of Home Affairs and Immigration this week officially launched a pilot visa on arrival for 47 countries to boost tourism and economic growth..

The pilot project will be implemented on Hosea Kutako International Airport, Walvis Bay International Airport, Katima Mulilo border post and eventually on all ports of entry.

The Minister of Home Affairs and Immigration Frans Kapofi said the countries that will now have visa on arrival while coming to Namibia include 27 African countries and 20 more from other parts of the world.

“The decision by Namibia to implement a visa on arrival is in line with African Union drive to promote a visa free Africa as well part of Namibia to improve the economy through tourism,” he said.

Namibia Airports Company Chairman Dr. Leake Hangala on occasion of the launch said not only will the pilot project modernize the visa system of our country, but it will definitely increase efficiency, promote tourism and economic growth.

“More so, new opportunities will be unlocked to our key stakeholders in the aviation industry and beyond. Similarly, this initiative will make Namibia a destination of choice, attract skills and facilitating increased trade and investment to position Namibia as the logistic hub,” he added.

Visitors that will benefit from the new initiative include visitors, visitors coming to attend workshops, medical visits, as well as friendship and family visits.

Visitors will be able to submit their visa application at the point of arrival and get approval and pay within a short period of time as compared to the past when certain nationalities had to apply from their home countries, Kapofi added.

Caption: The pilot project will be implemented on Hosea Kutako International Airport, Walvis Bay International Airport, Katima Mulilo border post and eventually on all ports of entry.. (photo by Ministry of Home Affairs).


 

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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.