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2014 on a high note

From left to right: Marcus Leaver (Hellmann Director Global Seafreight), Jost Hellmann (Managing Owner, Hellmann), Michael Amri (Hellmann Vice President Seafreight Europe), Steve Knight (Safmarine Global Head of Sales) and Sammy Reynaert (Safmarine Director Key Accounts).

From left to right: Marcus Leaver (Hellmann Director Global Seafreight), Jost Hellmann (Managing Owner, Hellmann), Michael Amri (Hellmann Vice President Seafreight Europe), Steve Knight (Safmarine Global Head of Sales) and Sammy Reynaert (Safmarine Director Key Accounts).

Shipping line Safmarine has celebrated the start of 2014 with yet another award, this time a 2013 bronze Hellmann Worldwide Logistics Carrier of the Year award. The award presented to Safmarine at an event held in Hamburg, Germany – marked the fifth consecutive year in which Safmarine has received awards from Hellmann. According to Safmarine CEO, Grant Daly, “The consistent recognition of Safmarine as one of Hellmann’s top three carriers is proof that the Safmarine team’s hard work, customer care, passion and commitment is being recognized by Hellmann and we greatly appreciate their acknowledgement thereof.”

Sammy Reynaert, Safmarine’s Global Key Account Owner for Hellmann, said: “Safmarine’s recognition as a ‘top three global carrier’ is particularly significant considering  Safmarine does not have a global coverage, which is one of the parameters for the award. “Furthermore, even though Safmarine is not active in the East-West trades – which happen to be Hellmann’s biggest and fastest growing trades – our consistent, excellent delivery in the other trades  in which we are active, combined with the excellent relationships we have with Hellmann at country and regional level, made it possible for us to retain our status as a key partner to Hellmann and be recognised as one of their top three carriers globally.” Hellmann’s Vice President Seafreight OMEA (Oceania, Middle East, Africa), Oliver Nicolaysen, added: “This is a very good result which underlines a steady and ongoing partnership between Safmarine and Hellmann Worldwide Logistics. Together, we have managed to move forward and steer, jointly, through rough economic waters.

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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.