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Africa’s national energy leaders to meet at the 4th annual Africa Oil & Power conference and exhibition

Africa’s national energy leaders to meet at the 4th annual Africa Oil & Power conference and exhibition

Africa’s national energy leaders will converge at the fourth annual Africa Oil & Power (AOP) conference and exhibition, which will take place at the CTICC 1 in Cape Town, South Africa on  9 to 11 October.

Anchored by the theme #MakeEnergyWork, the three-day AOP conference will facilitate key discussions on how and why the energy sector should be at the center of Africa’s economic growth plans.

In doing this, AOP will task industry chiefs with discussing key topics including Africa’s renewable energy sector, the future of exploration and production, the role of natural gas in the continent’s energy mix, the importance of developing and improving local content in the energy sector and the role of national oil companies in driving development.

Representing South Africa’s energy sector, CEF Group; PetroSA; the South African National Energy Development Institute (Sanedi); the Petroleum Agency of South Africa (PASA); the South African Gas Development Company (iGas); the Strategic Fuel Fund (SFF) and the Independent Power Producer (IPP) Office will share their outlook on the role the energy sector stands to play in the country’s economic development.

Home to over half of the country’s IPP projects, the Northern Cape province represented by the MEC for Finance, Economic Development and Tourism will also join the AOP 2019 programme alongside global integrated energy and chemical company, Sasol.

From around the continent, AOP 2019 will welcome large ministerial delegations from Senegal, Equatorial Guinea, South Sudan, Algeria, Lesotho, Guinea, Gambia and South Africa. Each country will be led by its respective petroleum minister and the heads of national oil companies.

The AOP 2019 conference is hosted in partnership with South Africa’s Department of Mineral Resources and Energy, the South African Chamber of Commerce and Industry, the South African Oil & Gas Alliance and the Durban Chamber of Commerce and Industry.


 

About The Author

SADC Correspondent

SADC correspondents are independent contributors whose work covers regional issues of southern Africa outside the immediate Namibian ambit. Ed.

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.