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Namsov goes horse mackerel canning route

Namsov’s evolutionary approach to canning initiatives directed toward horse mackerel

Namsov’s evolutionary approach to canning initiatives directed toward horse mackerel

In an effort to heed the call of the Minister of Fisheries and Marine Resources Hon. Bernard Esau, Namsov embarked on a journey to transform the horse mackerel industry. The chartering of the Atlantic Challenge and a value to the tune of N$13 million and four months later, Namsov was able to launch its range of canned horse mackerel products.
The products come in two distinctive Namibian flavours, leaving consumers the choice to choose between a delectable Sweet Chilli and Tomato Sauce. Namsov has upped the ante and will go beyond the call made by the Ministry of Fisheries and Marine Resources and has in addition to the canned products added a 1.6 kilogram frozen box of Horse Mackerel.
This according to Namsov will complement the directive of the fisheries ministry and supports the Growth at Home strategy of Government. The frozen Namsov Horse Mackerel for households will be sold through the retail outlets and caters to the busy household so the product comes prepared, fresh and ready to cook.

Namsov has undertaken further experiments to ensure that the quality of the fish is preserved while caught by Refrigerated Sea Water (RSW) Trawlers and brought onshore for processing and value addition. A small value addition facility has been established where Namsov employ 26 Namibians while the feasibility study on Value Addition is being completed for year end 2014 to warrant the possible N$500 million facility investment Namsov intends to undertake subject to the outcome of the feasibility study and approval of the shareholders. According to this plan Namsov’s current fleet of mid-water factory vessels will be replaced by RSW Trawlers. The unprocessed fish will be brought to shore and processed in a factory to be constructed alongside the existing United Fishing cannery. This challenging but wonderful vision will enable Namsov to undertake value adding initiatives such as canning, smaller retail packaging, gutting, de-boning, filleting, breading, curing, smoking, salting and drying production.
In the canning industry Namsov Fishing Enterprises is the only producer of canned sardines for the Namibian market, using locally caught fish. United Fishing Enterprises is active in the inshore small pelagic fishing industry with canning, fishmeal and fish oil processing facilities. Under the well-known and established Ocean Fresh and Ekunde labels Namsov produces canned pilchards and Horse Mackerel in beans which is fully owned by this proudly Namibian producer. Namsov is currently concluding the testing with the National Standards Institute and the product will short be available shortly in the major retail outlets and through its Fish Distribution project. “A journey of a thousand steps starts with one step. To date, we have had a few, some forward and some back. What makes Namsov proud is the effort, the empowerment and the ethics employed to sustainably provide a return on investment to all stakeholders involved, including the Government of the Republic of Namibia. Namsov’s commitment as a majority owned Namibian company to Namibia is multi-faceted dynamic and unwavering, despite challenges along the way,” Namsov said.
“Namsov continues to ensure that it does its best with the national resource allocated by government to ensure that the value of the Horse Mackerel we harvest benefits Namibia in a true, sustained and empowered manner,” they added.

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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.