Select Page

EstApp, Green Enterprise Solutions sign real estate software deal

EstApp, Green Enterprise Solutions sign real estate software deal

Green Enterprise Solutions and EstApp recently signed a memorandum of understanding that signals the intention to further develop EstApp’s real estate software application and ensure Namibians have all their real estate needs at their fingertips.

The application EstApp developed by a young self-taught Namibian app developer, Macveren Kapukare seeks to bring property seekers and property providers/agents and all other information around the local real estate sector on one platform. The app also connects buyers with sellers, match roommates and tenants with landlords/home owners letting.

With the new agreement with Green Enterprises Solution will continue to add more services as the user base grows. The collaboration will be effective immediately and will see Kapukare join Green’s specialist software development team to further develop and grow the EstApp application.

“So often we hear that people need to develop their own businesses, but when they come with an idea or a fully fledged operating product or service there is no-one willing to invest to take the product or service to the next level. With EstApp, we at Green saw a new service offering with great potential and wanted to become part of the application’s journey,” Kehad Snydewel, Managing Director of Green Enterprise Solutions said.

EstApp was one of the runners up in the 2019 Start-up Namibia 2019/2020 Accelerator programme, led by GIZ.

“I am a self-taught software developer and I saw a challenge for people looking for real estate and wrote EstApp as a solution. First with GIZ’s assistance and now with Green signing the MoU, the sky is the limit, which will benefit all our present and future users of the application,” Kapukare said.


Caption: Macveren Kapukare and Kehad Snydewel at the MoU signing ceremony.


 

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

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.