Select Page

Business leaders discuss energy

Chief Executive Officer of the NCCI, Tarah Shaanika and NamPower Managing Director, Paulinus Shilamba at the breakfast meeting of business leaders on Tuesday to discuss plans for securing a sufficient energy supply in the country.

Chief Executive Officer of the NCCI, Tarah Shaanika and NamPower Managing Director, Paulinus Shilamba at the breakfast meeting of business leaders on Tuesday to discuss plans for securing a sufficient energy supply in the country.

The Namibia Chamber of Commerce and Industry (NCCI) hosted a breakfast meeting of business leaders to discuss plans for securing sufficient energy supply for the country.
The meeting which took place earlier this week at the Nampower Convention Centre was organised on the recommendation of the NCCI Business Summit and Annual General Meeting, held on 28 & 29 June 2013 respectively.
The Summit expressed concern about the inadequate power generating capacity to meet current and future demand as well as the lack of private investors in energy generation. The Summit also expressed a concern about the exorbitant costs of energy which impacts on the competitiveness of local products.
NamPower Managing Director, Paulinus Shilamba told business leaders that the national utility would focus its attention on the development of the Kudu Gas to Power project which will begin to produce 800 to 1,000 MW by early 2018. By that time according to Shilamba, Namibia would become a net exporter of energy.
In the meantime, NamPower would import the shortfall from neighbouring countries through various power purchase agreements with its counterparts in Zambia, Zimbabwe, South Africa and Mozambique. In addition, Independent Power Producers (IPPs) are scheduled to produce over 120 MW of power in the next five years to address the power shortage.
Shilamba shared medium to long term Power Generation plans and highlighted the business opportunities available for Namibians. He further presented a detailed report showing budgetary requirements and projected completion timelines for these projects. Namibia remains a net importer of energy, with 73% total supply coming in from neighbouring power generators and transmitters.
NamPower also encouraged procurement from local industries as far as possible, during the construction of the Kudu Power Plant, while encouraging competitiveness in pricing, product quality and experience of the tenderers. The Kudu Power Plant is due for completion in 2018 and will create an estimated 1,500 jobs during construction and 70 permanent operational jobs, once completed. The NCCI meeting mobilised private sector’s contribution towards power supply.
The breakfast meeting was officially opened by the Chief Executive Officer of the NCCI, Tarah Shaanika and attended by leaders in business and government representatives, who prompted fruitful debates and discussions, following several presentations.

About The Author

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.