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Best manufacturers

The Hon. Minister of Trade and Industry Calle Schlettwein with the overall winners at this year’s Manufacturer of the Year Awards. This year’s judging included a physical visit to some companies to verify certain information. Thereafter the marks were processed by the auditor of the NMA, who then verified the ultimate winners per category.

The Hon. Minister of Trade and Industry Calle Schlettwein with the overall winners at this year’s Manufacturer of the Year Awards. This year’s judging included a physical visit to some companies to verify certain information. Thereafter the marks were processed by the auditor of the NMA, who then verified the ultimate winners per category.

The Namibian Manufacturers Association (NMA) had the pleasure of hosting their second Manufacturer of the Year Awards last month after preliminary judging to ensure that entries complied with the rules and regulations. The entries were judged by an independent panel of judges according to a predetermined set of criteria. The panel of judges unanimously endorsed the three winners for each category. The awards were as follows:
Category 1
The NMA Corporate Manufacturer
First: Ohorongo Cement
Second: Etosha Fishing Corporation
Third: United Fishing Enterprises.
Category 2
The NMA SME Manufacturer
First: Black Gold Compost
Second: GFG Slasto Supplies
Third: Slowtown Coffee Roasters.
Category 3
The NMA New Manufacturer
First: Black Gold Compost
Second: The Peace Jewellery Collection
No Third place.
Category 4
The NMA Ambassador for
Manufacturing First: Ohorongo Cement
Second: Plastic Packaging
Third: Etosha Fishing Corporation.
Category 5
The NMA Most Environmentally
Friendly Manufacturer
First: Etosha Fishing Corporation
Second: Ohorongo Cement
Third: Plastic Packaging.
While the Overall Winner – judges’ choice           was awarded to Etosha Fishing
Corporation.

About The Author

Following reverse listing, public can now acquire shareholding in Paratus Namibia

Promotion

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.