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Okahandja Park, Havana informal settlementments get electricity

Okahandja Park, Havana informal settlementments get electricity

The Minister of Urban and Rural Development, Peya Mushelenga, last week inaugurated an electrification project valued around N$13 million in Windhoek’s informal settlements of Okahandja Park and Havana.

The inauguration of the project which covers 1200 houses is a clear sign that Namibia is moving to the status of complete need-based infrastructure development for its cities, Mushelenga said at the event.

“The successful and timely completion of this electrification project has therefore brought, smiles on the faces of many residents of Windhoek living in these areas,” he added, noting how electricity impacts positively on the lives of learners and students.

“The extension of energy infrastructure to these areas will eliminate the danger of fire caused candle lights, a type of misfortune that has left many families in destitute,” he said.

Speaking at the event, Namibia’s Electricity Control Board CEO, Foibe Namene said while the country’s National Electrification rate stands at 45%, the urban electrification rate stands at 66 and rural electrification rate at 11%

“The City of Windhoek’s urban electrification rate is at 64 % and the peri-urban electrification rate is 62%,” she said, adding that the statistics demonstrate the need and drive to connect everyone to the grid.

Namene said the regulator is looking into amending the distribution and supply license condition on rural electrification targets from 25 to 40 % by the year 2021.

“A policy is now being developed on rural electrification and thereafter funding mechanisms will be developed by the mid-next year,” she added.

Meanwhile, Windhoek’s Mayor, Muesee Kazapua said phase 2 to electrify 1000 houses more, for the financial year 2019/2020 is envisaged to be completed by June 2020.


 

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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.