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Private sector advocacy group demands action to improve business environment

Private sector advocacy group demands action to improve business environment

Team Namibia, the mobilisation force in support of and in the interest of Namibian business, is acutely aware of the current developments and calls for decisive action. A recessionary environment, corruption scandals, acute election fever, followed by post-election uncertainty, have a direct impact on business.

In an uncertain environment, businesses find it hard to thrive, or indeed to survive. Not only are small businesses affected but also the larger corporations, and all those dependent on a successful business community.

Team Namibia calls for decisive action to be taken by the Namibian Government with regard to tackling corruption. It not only undermines the efforts to secure sustainable economic development, but it is counter-productive to national efforts of poverty eradication and achieving a more equal society, and prosperity for all.

Even though all citizen are affected, the poor are bearing the brunt even more. Stealing of national wealth and resources and squandering of tax payers’ money, and therefore limited access to effective services for Namibians, undermine every effort to maintain and secure a peaceful and prosperous future for all.

In this regard, Team Namibia calls for the following:

• Transparency in government must be secured at all times;

• Public decisions to be based on fairness and accountability;

• Although the value of adhering to systems, processes and institutions in a democratic society is clearly recognised, every effort should be made by our leadership to ensure that legal processes are sped up;

• Investigations need to take place to determine if and where systems have been manipulated by individuals, networks or organisations for illicit gains.

• The Anti-Corruption Commission must be effectively resourced immediately to speed up all investigations, independently, also in order to address possible negative perceptions of our government and our country, domestically and internationally, to rebuild trust and instill confidence.

“We need to ask ourselves, do we want to be a prosperous nation? High level of uncertainty has a direct impact on consumer spending and business investment. It is critical that immediate and concerted action is taken to resolve some of these issues. We simply can not just be bystanders and observe the current developments, we have a responsibility to our children to leave them a nation we can be proud of.”

Pieter van Niekerk, chairperson of Team Namibia.


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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.