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Retail benefit at coastal projects

The Reverend Simon Kheib (centre with clerical collar) of the Luthen Old Age project in Swakopmund, receiving a voucher from Henry Feris, Pick n Pay Namibia’s Managing Director (centre left). Next to the Reverend is Pick n Pay’s manager of the Swakopmund branch, Cecilia Samaria. Witnessing the occasion are the residents of the old age home.

The Reverend Simon Kheib (centre with clerical collar) of the Luthen Old Age project in Swakopmund, receiving a voucher from Henry Feris, Pick n Pay Namibia’s Managing Director (centre left). Next to the Reverend is Pick n Pay’s manager of the Swakopmund branch, Cecilia Samaria. Witnessing the occasion are the residents of the old age home.

For the past four months, Pick n Pay Namibia has sent its chief, Henry Feris on a country-wide tour of goodwill to help rural communities and schools with donations and vouchers for groceries. During June, the retailer’s focus shifted west when Feris visited community projects in Swakopmund and Walvis Bay.
During the first part of the roadshow, Pick n Pay Namibia supported fifteen schools in Okahandja; Katima Mulilo, Rundu and several northern towns including Oshikango, with a variety of items from food to stationery, benefitting more than 2000 learners. “Recently we also stopped at the Luthen Old Age Home and the Omdel Soup Kitchen in Swakopmund as well as the Walvis Bay Kids Haven.  All these entities received food vouchers of N$11,000 from Pick n Pay” said Feris.

For Kids Haven in Walvis Bay, Pick n Pay partnered with Wellco Trucks and Trailer who also contributed food vouchers to the value of N$3,000.
Feris said: “We trust that our gesture will contribute to healthy and happy Namibians with full tummies during the winter season. Together with great partners all over Namibia we can ensure that we are creating a future, enhancing life; especially for the most vulnerable in society.”

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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.