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New wheels for the NNOC

NNCO team from the left Deputy Secretary General Ndeulipula Hamutumu, President of NNOC Agnes Tjongarero, Penadino Kanjii, Memory Kahlari Mutongomanya. (Photograph by Musa Carter)

NNCO team from the left Deputy Secretary General Ndeulipula Hamutumu, President of NNOC Agnes Tjongarero, Penadino Kanjii, Memory Kahlari Mutongomanya. (Photograph by Musa Carter)

The Namibia National Olympic Committee (NNOC) was presented with a new bus sponsored by the International Olympic Committee (IOC) and Daimler this week in Windhoek.
At the presentation of the vehicle, President of the Olympic committee, Agnes Tjongatero stated that ,Namibia was presented with the vehicle out of the 200 IOC countries which is going to be for the athletes and not for personal gain and use.

She said that the vehicle will be used by those athletes who are struggling to travel in and around the country because of shortage of vehicles and officials maybe able to use it on certain events pertaining to the welfare of the various athletes. Tjongatero also highlighted that since the IOC caters for a lot of countries, the vehicle has to have due care as other federations will also be receiving similar presentations and it will be a while   before Namibia receives a similar presentation. Meanwhile at the presentation of the bus, the committee got an opportunity to officially launch their interactive website. The website will feature different portals as well as social media functions to aid the users with the familiarisation of Namibia National Olympic Committee. Again on the media aspect of the website, different platforms for attaining history and current events will be availed for users. The interactive website will enable anyone to to identify the different federations affiliated with NNCO and also has a media centre where the media can retrieve photographs of high resolution and other publications to aid in the process of information dissemination.

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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.