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Serenity and security in new development

A new 856 hectare country lifestyle estate just 35km south of Windhoek is up for grabs.
Pam Golding Properties (PGP) in Windhoek, Namibia, is marketing the 28 serviced plots at Mountain View, each between 20 and 100 hectares in size and with a great deal of open space, offering privacy and scenic views over the estate and natural bushveld, dotted with hills and outcrops, while being easily accessible to the city and airport. The plots are competitively priced from N$2.6 million.
Paul Kruger, joint area principal for PGP comments: “At Mountain View you have the freedom to develop your entire plot according to your own style and needs, and then sit back and enjoy panoramic views of untouched landscapes and free roaming game from the comfort of your veranda.
“We have already sold plots to Canadian, French and Namibian buyers, who are purchasing for a mix of leisure and permanent use. This development is also ideal for expatriates from Namibia or South African who seek the rural farm lifestyle but without the complications and running costs of an actual farm. It’s also ideal for regular holidaymakers who want a base in Namibia. Mountain View is only 70km from the international airport Hosea Kotako, however, the plots are large enough to accommodate a helipad.”
The largest plot incorporates the estate’s most dominant mountain feature, while the next largest plots are located in the lowland area to the east, close to the river. Some of the plots between 20 and 50ha are situated in the western plains and north eastern low lying areas, with a few located in the western hills and positioned to maximise the spectacular views.
Access to the development is from the B1 highway en route south from Windhoek, with a two kilometre gravel road connecting it with the highway and with another estate providing a buffer between the road and Mountain View.
Says Kruger: “Although the development of lifestyle estates has proven a familiar concept and successful product in the Namibian property market, Mountain View is the first development of its kind to offer a combination of large plots in such a broad size range. Already registered into CC’s, each of the properties offer freehold ownership for both local and international buyers, and because the development has met all development prescriptions and regulations transfer can take place directly after purchase.”

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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.