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India continues to deepen cooperation with Namibia

India continues to deepen cooperation with Namibia

The High Commissioner of India to Namibia H.E Prashant Agrawal, together with the India community in the country celebrated the 71st Republic Day of India at a reception held last week in Windhoek.

Agrawal said it was 70 years ago, on 26 January 1950 that ‘They, the people of India’ gave themselves their Constitution and they take pride in the values of the Indian Republic that their constitution embodies and codifies.

“We have continued making purposeful strides in deepening our engagement with Africa, our highest priority, therefore our partnership with Africa is deep-rooted and it has solid foundations in our shared history of struggle against colonialism and injustice,” he emphasised.

He highlighted that India’s partnership with Namibia has a special place in in the heart of every Indian, which has gone from strength to strength in recent years.

“There were contacts at the highest level, with the meeting of President hage Geingob and Prime Minister Modi in September 2019 and we also had the pleasure of welcoming different cabinet Ministers to India to discuss and enhance cooperation in trade, commerce, health, environment and sustainable development,” he added.

He said among the things that should be noted is that in the third quarter trade statistic for 2019 released by the Namibian Statistic Agency is that India is Namibia’s fourth largest import partner and nearly 400 Namibians can walk freely with the help of prosthetic limbs provided under the Jaipur Foot Camp.

“Our cooperation in up-skilling and capacity development has gone from strength to strength, while more than 50 Namibians have already received training this year so far under our ITEC and ICCR scholarships, it was very special for us to have 20 budding Namibian diplomats visit India for a customized training programme to hone their skills further,” he said.

Agrawal said 2020 is a special years because Namibian will be celebrating 30 years of Independence and the High Commission of India has a special series of programmes set up to commemorate this milestone.

“The India community in Namibia may be very small, but has made deeply meaningful contribution to Namibia and they are a valuable link between our two countries, we are proud of you all,” he concluded.


 

About The Author

Mandisa Rasmeni

Mandisa Rasmeni has worked as reporter at the Economist for the past five years, first on the entertainment beat but now focussing more on community, social and health reporting. She is a born writer and is working on her degree in Journalism at the Namibia University of Science and Technology (NUST). She believes education is the greatest equalizer. She is the epitome of perseverance, having started as the newspaper's receptionist in 2013.

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.