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Blue bank scoops Best Investment Bank accolade

Blue bank scoops Best Investment Bank accolade

Standard Bank Namibia was recently awarded the Best Investment Bank 2020 in Namibia by the reputable Global Banking & Finance Awards.

Global Banking & Finance Review is a world renowned financial online and print publication offering a variety of information and news related products in finance, business, technology, trading investing, foreign exchange, as well as various other services.

“To become the Best Investment Bank in the country and across the continent, we have committed ourselves to being a catalyst for economic change. We have endeavoured to enhance the lives of our fellow Namibians by doing the right business the right way,” said Standard bank’s Head: Marketing and Communications, Magreth Mengo in an issued statement.

“As a Bank, it is our purpose to drive Namibia’s growth, and these awards are a manifestation of this resolve. They acknowledge our future-focused strategy, our engagement with digital innovation and the unswerving dedication of our staff,” she added.

According to her most of all, the award bears testament to our highly-valued client partnerships, for it is these which bring the greatest reward.

The Standard Bank brand, the Bank has a physical presence on the African continent ensuring a deep understanding of the markets in which it operates with a primary focus on its client’s needs and priorities, as well as in North and South America, the United Kingdom, the Middle East and China, she said.

“The Bank not only provides investment banking services to corporate clients inclusive of full service bank offerings, but endeavour to deliver customized and value enhancing solutions that are tailored to addressing the developmental needs within the Namibian economy, “she concluded.


 

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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.