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Walvis Bay Port to welcome eight passenger liners – Tourists expected to boost port town

Walvis Bay Port to welcome eight passenger liners – Tourists expected to boost port town

The MS Albatros Passenger Vessel, which departed Germany on 27 September, is scheduled to dock at the Port of Walvis Bay on 18 October.

This will be the first passenger vessel to call at the Port of Walvis Bay since late April this year.

The vessel opens up the pathway for six more passenger vessels namely; the Voyager, the Boudicca, the Bremen, the Katharine, the Queen Elizabeth, the Aidamira.

The MS Albatros is expected to return to the shores of Namibia before end of 2019.

The MS Albatros which has 8 passenger decks and a total of 420 cabins, is one of the smaller-sized World Cruise ships operating once a year on an ‘around the world’ itinerary to ports in Asia, Africa and Australia. Justina Evelinus Acting Executive: Commercial at the Port of Walvis Bay said the Port is geared and ready to receive 17 passenger vessels in the first quarter of 2020.

“The docking of passenger vessels are not only beneficial to Namport as the receiving entity, but also to the Town of Walvis Bay and more so to the economy as the successful hosting of international visitors is depended on the teamwork from all local stakeholders who receive the guests. The local stakeholders range from the transport sector, tourist attraction facilities, handcraft vendors as well as local shopping malls within the town of Walvis Bay,” Evelinus said.

Caption: Different passenger liners are scheduled to dock at the Walvis Bay Port

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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.