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Transportation network – safe, efficient, sustainable

The Roads Authority Chief Executive Officer, Conrad Lutombi (Photograph by Musa Carter)

The Roads Authority Chief Executive Officer, Conrad Lutombi (Photograph by Musa Carter)

The first ever Namibia Technology Transfer Centre was officially launched this week through the collaborative effort of the Ministry of Works and Transport, the Federal Highway Administration from USA and the Roads Authority.
“The objective of the centre is to promote a safe, efficient and sustainable transportation network through innovation and the provision and application of new research and technology’ said the Roads Authority Chief Executive, Conrad Lutombi.
Lutombi said the services the centre offers include the acquisition and dissemination of information pertaining to the construction, maintenance and rehabilitation of the national road network. It will also create a networking platform that enables skills and information transfer to achieve economical and quality roads. “The centre will also encourage information sharing through different mediums e.g. electronic library services. It will update stakeholders on national, regional and international engineering associations and other bodies such as PIARC and the International Road Federation, on activities and development work undertaken”he stated.

At the launch, the Roads Authority’s, Network Planning and Consultation Manager, Rauna Hanghuwo said one of the main challenges with the road network is the lack of quality material for the construction and maintenance of the country’s roads. “The Association of Southern African National Road Agencies is setting up guidelines for the use of sand for road construction. The Research and Development Unit of the Roads Authority under which the Technology Transfer, which we are launching today falls, is party to this regional project” she explained. Currently there are more than 200 transportation-related Technology Transfer centres which have been established around the world. Hanghuwo stated that the Roads Authority remains committed to the management of a safe and efficient national road network to support economic growth.

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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.