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Northern SME Expo approaches

Following calls from entrepreneurs in the northern towns for a market access opportunity to showcase goods and services, a Northern Small and Medium Enterprises (SMEs) Expo will take place at the Multi-purpose Youth Centre in Oshakati on 25 and 26 November.
SMEs from towns in the northern regions like Oshakati, Ongwediva, Ondangwa and from other smaller urban centres will be joined by small firms from Windhoek and elsewhere in the country.
Displaying their wares and introducing services on offer to the community, small firms will have the opportunity to strike deals, make new business contacts and secure new markets. Claudine Mouton of SMEs Compete, the event organizer said: “Market access events organized around Namibia don’t compete with, but rather compliment the traditional shows like the Ongwediva Trade Fair or the Windhoek Show. It serves to introduce expositions as a marketing tool to SMEs. Once they have discovered the value of using such a business growth tool we encourage them to book stands at the larger shows.” Goods on display at the 2011 Northern SME Expo will include adult and children garments, footwear, leather ware, beauty products, jewellery and knitwear. Services to be showcased include computer cleaning and catering, computer software, plumbing and carpentry. “Exhibitors will have a chance to promote their business in general and to establish business linkages with potential customers from Oshakati and other geographical regions of Namibia, ”said Danny Meyer.
He added: “The firm has pulled out all stops to make the 2011 Northern SMEs Expo a success. Stand bookings can be made through any of SMEs Compete’s branches located in Keetmanshoop, Walvis Bay, Windhoek and Ongwediva. For the first time in Oshakati, seasoned entrepreneurs will share accumulated experiences and business secrets with novice entrepreneurs, during an entrepreneur’s round table.” The firm now routinely incorporates dialogue sessions between established entrepreneurs and newcomers to business as a side event at SME Expos.
In the meantime, Mouton added that SMEs Compete is planning 11 expositions that showcase SMEs in 2012, but the number might grow to 14.
SMEs Compete is a social entrepreneurship firm that receives most of its funding from Namibia’s private sector, who use it as a conduit to compliment government’s enterprise and entrepreneurial development initiatives.

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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.