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Cargo volumes through Walvis Bay port jumped in September compared to a year ago. Boosted in part by new container terminal

Cargo volumes through Walvis Bay port jumped in September compared to a year ago. Boosted in part by new container terminal

A substantial rise in the volumes of cargo processed by the Port of Walvis Bay this year, is the first tangible proof that the new container terminal now allows the port to handle far bigger volumes.

At a function to acknowledge the contribution of private sector port users, the Namibian Ports Authority’s acting Chief Executive Mr Kavin Harry revealed that outbound cargo increased by 19% and inbound cargo by 33% during September this year compared to September last year. The increases are measured in so-called twenty foot equivalent (TEU) units. One TEU is equal to the amount of cargo that could be loaded in the now-outdated twenty foot containers. Today, most cargo is moved in forty foot containers but the twenty foot unit has remained a convenient metric for volume comparison.

The event where Mr Harry spoke was attended by more than 100 port stakeholders, mostly large, medium and small importers and exporters who make up the bulk of the cargo that crosses the port.

At the same function, awards were conferred to various entities in different categories for their individual contributions to the port’s new found growth and success.

The top five clients in terms of revenue generated for the port, are Maersk Namibia, Woker Freight Services, Trade Ocean Shipping, Logistics Support Services and Sturrock Grindrod Maritime (Namibia).

In terms of volume, the top three shippers are Walvis Bay Salt Refiners, Engen and Puma Energy.

Among the smaller logistics players, the top three are Cross Border Vehicle Traders, Faida Trading & Clearing and Zephyr Investments.

Harry stated that 2019 has been a year of tremendous growth as “we witnessed the official inauguration of the new container terminal. This great investment requires us as an entity, with your cooperation to promote our port to potential overseas investors to ensure that Namibia, through the port, becomes the Port of Choice”.

Harry added that Namport is in the process to develop a green port policy as the first step to position Walvis Bay as a flagship port based on sound stewardship and environmental management.


Caption: The Namibian Ports Authority recently recognised the leading users of the Port of Walvis Bay for their contribution in the significant jump in cargo volumes since the inauguration of the new container terminal.


 

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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.