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Servicing of Sungate Phase 1 starts

The servicing of land on the first 10 hectares for the Sungate project next to Hosea Kutako International Airport, is now in full swing.

The servicing of land on the first 10 hectares for the Sungate project next to Hosea Kutako International Airport, is now in full swing.

The long-delayed Sungate development at the turn-off to Hosea Kutako International Airport about 40 km outside Windhoek, has been revived when contractors recently started servicing the first phase of the project. The groundwork for the first phase of the Sungate development started with the servicing of the first 27 mixed-use stands along the Trans Kalahari Highway to be completed before the end of the year. “Currently we’re focussing on ten hectares of land which is dissected by the the road leading into the airport,” said Ferdinand Nghiyolwa of Namibia Road Products, the local contractor in charge of servicing the land. Most of these properties have been zoned for light industry. So far, about 50% of water and sewerage pipes, as well as electricity connections have been completed by the 25 odd workers operating on the ground. Preparations also include a sewerage plant on the southern side of the main road and roads construction work. Accolade Properties Namibia, a wholly-owned Namibian company and an associate of Accolade Properties South Africa, the developers in charge of the project, aims to make Hosea Kutako and its surrounds a node of commerce and light industry on the Trans-Kalahari Highway, bringing together road, rail and air transport with trade. Apart from light industry, future development of the project covering a total of 408 hectares will also include residential and communal properties.

About The Author

Following reverse listing, public can now acquire shareholding in Paratus Namibia


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.