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PowerCom commences with Walvis Bay Extension 7 tower construction

PowerCom commences with Walvis Bay Extension 7 tower construction

PowerCom Pty Ltd has commenced tower construction in Walvis Bay Extension 17, expected to be finished by 20 March and fully operational by 1 April, with connected clients able to utilize its services.

The recently concluded groundbreaking ceremony introduced the Company’s infrastructure CAPEX investment rollout for 2019/2020, which seeks to increase the company’s footprint and asset base to best service ICT players and offer last mile connectivity.

The Walvis Bay Ext 17 construction project is the first of 19 tower developments due to take place in the coming months. The investment into Walvis Bay forms part of PowerCom’s infrastructure footprint expansion strategy of investing N$24 million into building 19 towers by September 2020.

According to PowerCom, a total of N$5.6 million will be invested in Walvis Bay alone, through the construction and refurbishment of four other towers in the town, namely, Walvis Bay Harbour, Walvis Bay Golf Course, Narraville and refurbishment of Walvis Bay tower Walkway.

PowerCom’s CEO, Alisa Amupolo mentioned the strategic importance Walvis Bay has, stating that the company seeks to align itself with the town’s growth and respond to growth demands of its inhabitants

“Due to the National Oil Storage Hub, apartment blocks, service station and the future shopping mall, it is a location demanding the type of communications infrastructure investment PowerCom offers,” Amupolo said.

The Minister of Communication and Information Technology, Stanley Simataa, acknowledged Walvis Bay’s strategic location as being a logistic hub and a growing haven of activity, where tourists visit and thousands of Namibians come to work and enjoy their leisure time.

“As the importance of this area continues to grow, it is crucial that connectivity keeps pace with it. PowerCom’s response to the growth within this region is of benefit to all residing and working here, and it is my firm belief that their investments will further stimulate other investment, both national and international. As Walvis Bay is also a tourist hub, it is important that we are able to offer travellers the connectivity they expect from a tower such as this strategically located at the Independence Beach,” Simataa said.


Caption: (left to right) PowerCom CEO, Alisa Amupolo; Telecom Board Chair, Fernando Somaeb; Veikko Nekundi, Deputy Minister of Public Enterprises; PowerCom Chair, Irene Simeon- Kurtz; NPTH Chair, Lena Kangandjela; Immanuel Wilfred, Mayor of Walvis Bay; Stanley Simataa, Minister of ICT; PowerCom Alternate Director, Armando Perny; PowerCom Director, Jerry Muadinohamba; NPTH Acting CEO, Kristophine Itembu; Wiseman Molatzi of Since Investments and Landlord of the area.


 

About The Author

Donald Matthys

Donald Matthys has been part of the media fraternity since 2015. He has been working at the Namibia Economist for the past three years mainly covering business, tourism and agriculture. Donald occasionally refers to himself as a theatre maker and has staged two theatre plays so far. Follow him on twitter at @zuleitmatthys

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.