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Software package to improve business

SALT Essential Information Technology, provider of ICT products and services to the  market, will implement 4most’s SAP Business One to improve operational efficiencies and enable future growth.
4most, a leading supplier and implementer of SAP and ERP software and technology, was selected as SALT’s vendor of choice.
“As a player in Namibia’s ICT environment it is crucial that our own in-house systems and IT infrastructure enable internal efficiencies, in turn driving customer delivery and satisfaction,” said Claudia Jaeger, SALT’s Head of Finance, HR and Administration.
After 16 years in operation, SALT found themselves with a legacy system inhibiting not only current daily operational requirements, but as importantly, future growth potential.
“We urgently needed a scalable, holistic and integrated system with access to real-time information for improved customer efficiencies, the ability to meet current business demands and cope with future growth,”she said.

SALT looked at a number of vendors, consequently discounting many on the basis of both lack of local support and cost.
“We were already familiar with SAP Business One, having encountered it a few years earlier,” said Jaeger.
“We knew what the system was capable of and were excited at how it had evolved, bringing with it even more functionality and providing a perfect fit for our requirements,”she added.
Eugene Olivier, Business Development Director, 4most echoed the same sentiments and said,“We understand the importance of local interaction and support in the long term sustainability of customer relationships.”
An existing relationship between SALT and 4most further reinforced the decision to move ahead with SAP Business One.
“SALT had involved us in a consultancy project a few months earlier, in addition to enjoying a reseller agreement,” said Olivier. This created a natural synergy between the two companies.
With ‘go-live’ scheduled for early October, Jaeger is confident that 4most’s SAP Business One is the right fit for their business.
Currently in planning phase, 4most’s collaborative nature is already apparent. “A successful implementation is as much about the technology as it is about finding the right partner,” she said.
In addition to weekly meetings, regular conference calls with 4most’s Directors are an intrinsic part of the process. With such commitment and partnership already evident, SALT has no doubt that their decision was the right one.

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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.