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Houses for growth

Vincent Hailulu, CEO of the National Housing Enterprise (NHE) says infrastructure development is a key cornerstone for economic growth.
Hailulu told the Economist at the sidelines of the World Economic Forum on Africa that ended recently in Cape Town, that the highlight was the acknowledgement and emphasis by the forum on the key issue of infrastructure development.
He said the forum gave participants a clear perspective in terms of the way Africa is moving forward in advancing economic development and the growth agenda.
“Infrastructure development is the main driver of Africa’s economic growth and development. Sectors that are critical and therefore requires massive investment in order to propel Africa’s economic growth are the energy sector, the mining sector, and surely water and other economic sectors not forgetting the social infrastructure which entails housing, education and health,” Hailulu said.
A workshop that he attended on mapping the African infrastructure landscape chaired by Trevor Manuel, the South African Minister of the National Planning Commission, put emphasis on innovation as that will enable African economies to come up with innovative solutions to address particular economic challenges.
“In our group, particular emphasis was on innovation. It was suggested that this should be given particular attention by all African countries because it is innovation that help governments and economies to come up with innovative products and services to satisfy the market needs, social needs and financial needs of any country.
“One example of an innovative solution is the digitization of education in terms of the means and tools we engage to enhance learning and training. We shouldn’t just think in a conventional way of putting up a physical structure but we can use ICT to enhance learning. So you use interactive digital applications instead of the conventional learning methods.”

About The Author

Following reverse listing, public can now acquire shareholding in Paratus Namibia


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.