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Major sponsors boost tech tour

The AMPION Venture Bus technology tour that is en route to Windhoek has received support from major international companies that include Microsoft, MTN, SAP, Merck and Inmarsat.
On 7 November, the bus will depart Harare to Gaborone and then Windhoek before reaching its final  destination in Cape Town.
AMPION’s Co-founder Jan Schafft said,“Leading global IT, healthcare and satellite giants join forces with AMPION to enable entrepreneurial talent in Africa to develop innovative solutions on the continent by making best use of the power of mobile technology.”
Microsoft will provide a package of free software and training to winning start-ups, while global healthcare leader Merck will be AMPION’s prime sponsor for the East African Venture Bus as the participants on the Venture Bus travelling from Tanzania to Rwanda will focus on developing
e-Health solutions.

Inmarsat will  provide free hardware and bandwidth with satellite connectivity to the AMPION Venture Bus, while SAP a world leader in enterprise applications in terms of software and software-related service revenue will cover their field of expertise.
Commenting on the strategic partnerships, Fabian-Carlos Guhl Founder & MD, AMPION, said, “We are delighted to work with our new sponsors MTN, SAP, Microsoft, Inmarsat and Merck in Africa. Sponsoring and partnering with AMPION is an investment into the African mobile technology, start-ups and ICT space of tomorrow and the creative entrepreneurs behind it. We are proud that world leading companies are convinced that our work is making a difference and decided to be a part of it.”
The AMPION Venture Bus will cross four southern African countries, connecting tech hubs, investors, business people and start-up enthusiasts along the way including Windhoek in a quest to develop innovative solutions to local challenges.

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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.