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Value of building plans increase in November

According to latest statistics from the City of Windhoek, the number and value of building plans approved during November increased compared to the previous month.
On a month-on-month basis, the number of plans approved, including walls and pools, increased from 221 in October to 248 in November. Excluding walls and pools, the total number approved was 212 an 8.2% increase than the previous month, but 27.9% lower than a year earlier.
The total value of approved plans in November was N$111 million, reflecting a 10.9% month-on-month increase and a 20.5% year-on-year decrease.
The monthly increase in the number of approved plans was due to increases in the “additions” and “commercial and industrial” categories, which were partially offset by a decline in the “flat and house” category.
On the other hand, the monthly increase in the value approved was due to an increase in the “commercial and industrial” category which was partially offset by decline in the “additions” and “flat and house” categories.
Of the 248 plans approved in November, 190 were in the “additions” category and totaled N$45.5million, while 16 plans to the value of N$12.3 million fell under “flat and house” and six plans to the value of N$53.2million fell under “commercial and industrial”.
Year-to-date 2447 plans to the value of N$1.466 billion have been approved. The number and value of plans approved in 2011 have been closely tracking 2010’s. Relative to 2010, the 2011 year-to-date number of plans approved is 1.3% higher, while the value of plans approved is 0.1% lower.
In the past 12 months, 2626 plans to the value of N$1.542 billion have been approved. The 12-month cumulative number of plans approved is 1.8% higher than the previous year, while the 12-month cumulative value of plans approved is 1.2% higher.
The six-month moving average of value of plans approved increased by 4.4% to N$135.9million from N$130.1million in October, while on a yearly basis the measure decreased by 7.3%.
The number of building plans completed – including walls and pools – rebounded to 100 plans in November after dropping by 46% during October to 78 plans. Excluding walls and pools, 82 plans (valued at N$34.3million) were completed in November, a 32.3% increase (49.9% increase in value) from the previous month. However it decreased by 25.5% (24.5% decrease in value) from the previous year.
Sixty-six plans completed to the value of N$10.3 million were additions, and 14 plans to the value of N$20.7 million fell under the “flats and house” category while two commercial properties to the value of N$3.27 million were also completed.
The six-month moving average of the total value of plans completed was virtually unchanged during the month, decreasing by a mere 0.2% to N$76.8 million. However on an annual basis, the measure was 35.1% higher.
The 12-month moving average of the total value of both approved and completed plans increased on an annual basis to N$128.5 million and N$62.1 million, respectively.n

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

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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.