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NPTH remains top performer in Namibian economy

Mr Henri Kassen, chairperson of Namibia Post and Telecom Holdings(NPTH), has handed over its N$180 million dividend for the 2012/2013 financial year to government. NPTH and its subsidiaries remain top performers in the Namibian economy, and in the past year the group has increased revenue by 13% from N$3.4 billion to N$3.8 billion, with a consolidated operation profit before tax of N$604 million, and their assets have grown from N$8.5 billion to N$9 billion, and its liabilities stood at N$5.9 billion.
Kassens said that the performance enjoyed by the group is due to the continued support of its shareholders and the line minister, this being the reason why they work relentlessly to ensure that they give good returns on the State’s investments.

“Nampost’s saving bank’s total number of accounts grew by 10.2%, and Smartcard transactions increased by 7.1%, courier services increased its revenue by 12%, while operating income is 39% higher. This is the result of revenue growth, control of costs and improved service delivery,” said Kassens.
He noted that MTC added 176,281 new SIM connections, passing through the N$2.2 million mark due to multi SIM card connections. It is also recorded that one quarter of its revenue is generated from data, and they are dominant in the mobile telecommunications market as determined by CRAN. NPTH was registered in 1992 in terms of the Post and Telecommunications Companies Establishment Act 1992 as the Holding Company for Namibia Post Limited, Telecom Namibia Limited and majority shareholder in Mobile Telecommunications Ltd. The company owns the group’s land and buildings which are let to these subsidiaries. The activities of the subsidiary companies are the rendering of postal and banking services (Nampost), telecommunications and ICT services (Telecom and MTC).

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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.