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Elevated swakara prices in Kopenhagen

From the left, Ryno van der Merwe, Chairperson of the Agra Board; Brian Tufvesson, head of the customer department at Kopenhagen Furs, Argiris Kranias, representing Avanti Furs, and Peter Kazmaier, CEO of Agra. White swakara fetched an average of N$818 per pelt.Just over 52,000 swakara pelts changed hands last week at the Kopenhagen fur auction where Namibian karakoel farmers enjoyed the results of one of their best seasons ever.
Sending Namibia’s swakara production to the international auction in Kopenhagen twice a year is the responsibility of Agra Provision which manages the specialised pelt centre in Windhoek solely for this purpose.
The auction delivered remarkable results, amongst others, fetching the highest ever black hammer price for the top lot at N$2964.00, an increase of N$ 558.40 comparing to the April 2014 auction. Agra sold the entire Swakara offering of 52013.
The pelt offer consisted of 35,872 black, 8794 white, 3835 grey, 725 brown and 2787 spotted pelts. The grey pelts were last sold in September 2013, and fetched an average price per pelt of N$710.60. Brown pelts, last offered in 2012, fetched an average price of N$640.30 per pelt. The fur industry in general was under pressure over the past year.

The expectations for last week’s auction were subdued. At the April auction earlier this year, not all the pelts were sold, and prices dropped. The first lots of black pelts seemed to confirms this trend but the white pelts provided a pleasant surprise achieving an average pelt price of N$818.90, an increase of 10.9% over the April auction.
Dagmar Honsbein, General Manager of Agra ProVision, said “Prior to the auction, activity in the auction house was limited. We feared a repeat of the April 2014 auction proceedings; especially as the usual buyers of Swakara pelts arrived rather late to inspect the offer. [But] we are delighted to inform our producers that sales have indeed recovered.” Attending on behalf of Agra were,Ryno van der Merwe, Chairperson of the Board; Peter Kazmaier, CEO; and Raimar von Hase, Chairperson of the Karakul Board.

About The Author

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.