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Public transport organised

The Ministry of Works and Transport together with the Ministry of Regional and Local Government, Housing and Rural Development and the City of Windhoek, last week launched the Sustainable Urban Transport Master Plan, at the Katutura Community Hall. The plan runs under the “Move Windhoek” project and aims to improve the Public Transport System and Non-Motorised Transport including traffic to and from Rehoboth, Okahandja and Hosea Kutako International Airport in a 20-year horizon.

The Minister of Works and Transport Hon Erkki Nghimtina sees the Plan as a powerful tool to improve the livelihood of the residents of Windhoek especially the poor who spend a large percentage of their disposable income on transport. Cedric Limbo, Deputy Director Transportation Policy in the Ministry of Works and Transport highlighted the importance of an accessible transportation system for all citizens. “This Master Plan enables us to make decisions and to have a clear guidance for an improved public transport system. We want to have an integrated public transport system that combines the taxi industry as feeder services and a high quality bus system that connects all parts of the city. The idea is to make sure that you can choose whether you want to take a bus, walk, cycle, take a taxi or your own car” he said. The Master Plan development is supported by Germany. The German Development Cooperation through the GIZ provided technical expertise and financial assistance to the Ministry and the City of Windhoek. The German Ambassador, HE Onno Hückmann highlighted the quality of the work  considering the time within which the plan was developed. The event also witnessed the handover of an appeal by the Namibia Cycling Federation for improved cycling infrastructure.

 

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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.