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Tourists love the hood

Tourists enjoy the scenery at the Penduka Craft Centre KatuTours, which offers guided tours by bike through the culturally and historically rich township of Katutura, has experienced tremendous growth since it obtained a licence from the Namibian Tourism Board in July.
Anna Mafwila, who has nine years’ experience in the tourism industry, says bookings are growing rapidly and that so far, the feedback has been overwhelmingly positive. “My first 50 clients have been very happy, and I’ve already had some great reviews,” Mafwila says.
The tours commence at Penduka, a craft centre located on Katutura’s Goreangab dam that provides employment and support for disadvantaged women, and takes in the unique Katutura flavours of Eveline street and the Single Quarters Market.
A KatuTour is quickly becoming a must for visitors to Windhoek, who often lament the capital city’s lack of options for tourists. There are also plans for tours to begin in central Windhoek soon.
KatuTours is not just for tourists though, it encourages locals to see their city from a new perspective.
“Many Windhoekers have a very limited experience of Katutura. Our trips make an ideal team-building activity, and I’d love to hear more from local human resources managers to book their staff on our trips,” said Mafwila.
KatuTours was founded after Mafwila and the Bicycling Empowerment Network Namibia (BEN Namibia) discussed the opportunity for a bicycle tour business in Windhoek. It was founded with an Innovation Fund loan from the Development Bank of Namibia. Bicycles have been provided through BEN Namibia from Re-Cycle in the UK and the Institute for Transportation Development Policy (ITDP) in the US.
BEN Namibia is well known for its network of community based bicycle shops and bicycle ambulance projects, and provides ongoing business development support to KatuTours.
“We’re really excited to see KatuTours up and running, and look forward to seeing Anna’s business expand in the future”, said Michael Linke, BEN Namibia’s managing director.

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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.