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NDF officers travel all the way from Okahandja to Karasburg for training by NDF

NDF officers travel all the way from Okahandja to Karasburg for training by NDF

The date producer in the south, Namibia Desert Fruit, was chosen as case study by the defence training college in Okahandja to teach senior officers the intricacies of the Namibian economy and the individual roles of single entities in the larger mix.

Eighteen senior officers from the Namibia Command and Staff College in Okahandja travelled a thousand kilometres to Karasburg last week, led by the college’s commanding officer, Brigadier General Mathew Shipulwa, to experience first-hand Desert Fruit’s participation in the immediate regional economy, and its contribution to the larger national economy.

According to the college, this internal industrial study tour was an important part of the course curriculum and provided an insight into existing social-economic and infrastructure development of the country. “The tour was meant to acquaint the officers with Desert Fruit Namibia’s operational capability and to ascertain its contribution to Namibian food security. Most importantly, it was also meant to gather adequate information on how dates production contributes to the growth of the national economy. The outcome objectives of this study will culminate in research to determine how the agricultural sector influences national security.” The officers also learned for the first time that Desert Fruit exports its entire harvest, thus not contributing in any way to local food security.

The officers complimented Desert Fruit Managing Director, Seth Holmes and his staff for the in-depth knowledge imparted. “There were many insightful moments, but the most outstanding is the social responsibility aspect by Desert Fruit through the construction of the crèche and playground for the workers’ children at the farm. That was a pleasing gesture and we encourage [them] to keep up the good work by facilitating the education of a Namibian child,” said Wing Commander Thomas Imbili.

Holmes mirrored the appreciation, saying that the visit was a great success. “We prepared a presentation as requested by the Defence Force on the organisational structure, values, goals and objectives, operational facilities and contribution to the economy. We were impressed with the questions asked and the eagerness which the Defence Force staff expressed in learning and gathering knowledge.”

The study tour formed part of a course to develop senior Defence Force officers to take up command and staff appointments and equip them with the necessary leadership skills and knowledge to be successful.


 

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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.