Nimbus acquires stake in Paratus Africa

Deal worth N$95 million

09 February 2018 | Sakenuus
Staff Reporter - Paratus Africa, the fastest growing and also the largest privately owned Pan African telecoms operator, has announced that Nimbus Infrastructure Limited has acquired a 26.5% stake in its Namibian operation for an amount of N$95-million.

Nimbus acquired 8% of the issued share capital in Paratus for a cash payment of N$20 million and the balance of N$75 million in shares.

This transaction allows huge potential growth for both Namibian entities to grow beyond Namibia’s border. Paratus already delivers products and services to 22 African countries and has fully licensed and operational offices in Namibia, Angola, Botswana, Mozambique, Zambia and South Africa.

Paratus CEO Barney Harmse is excited about on-boarding Nimbus as an equity partner, broadening the company’s capital base and enabling its aggressive expansion plans and infrastructure rollout. "We plan to invest a total of more than N$150 million on infrastructure in Namibia over the next three years of which N$100 million will be invested in fibre infrastructure.

Nimbus CEO Schalk Erasmus says with the Nimbus listing on the Namibian Stock Exchange (NSX), the company deepened the Namibian capital markets. "This will allow the Namibian savings pool to diversify its exposure into the internet, communication and technology space, a sector which to date has not yet been on the NSX."

"Nimbus intends to raise further capital in the Namibian markets to leverage off ICT opportunities in Sub-Sahara Africa," he concluded.

Soortgelyk

 

Hoërskool Rehoboth gesluit tot ná Paasnaweek

2 ure gelede | Onderwys

Hoërskool Rehoboth is vanaf vandag tot Dinsdag 6 April gesluit. Volgens die bestuur van die skool sal dié tyd gebruik word om die skoolperseel deeglik...

Robberts bly in aanhouding

13 ure gelede | Howe

Erwin Leuschner – Die 36-jarige mnr. Daniel (Danie) Robberts bly in aanhouding nadat hy na bewering sy vriend, mnr. Thomas Frederick (Frikkie) van Schalkwyk (69),...

Inentings: Namibiërs wag en kyk

13 ure gelede | Gesondheid

Henriette Lamprecht – ’n Wag-en-kyk-benadering en voorkeur vir spesifieke entstowwe is van die redes vir die trae reaksie tot die ministerie van gesondheid en maatskaplike...

Living a purposeful life

13 ure gelede | Mense

Rivaldo Kavanga“I would advise the youth to relentlessly go after whatever they desire unlimited. In pursuit of long-term gains and not short term rather.” Ndakondja...

Weer vir 30 Maart 2021

13 ure gelede | Weer

BINNELAND: Gedeeltelik bewolk en warm in die verre suide en die Zambezi-streek. Elders gedeeltelik bewolk en warm met verspreide donderbuie. Wyd verspreide donderbuie in die...

Huishoudelike geweld gedy in Kavango-Wes

13 ure gelede | Misdaad

Die naweek is drie sake van huishoudelike geweld in die Kavango-Wesstreek by die polisie aanhangig gemaak. Vrydag om 05:00 het ’n 36-jarige man in die...

Running for those who can’t

13 ure gelede | Skole

In honour of cerebral palsy awareness month and as part of a school project, four learners from Windhoek Afrikaanse Privaatskool ran with children, parents and...

Windhoek kry eie ekonomiese plan

13 ure gelede | Regering

Augetto Graig – Die burgemeester van Windhoek, dr. Job Amupanda, sê die regering moenie terugstaan sodat die private sektor die nasie tot werkskepping en ekonomiese...

Ending the double shift system at schools

13 ure gelede | Onderwys

Rivaldo KavangaBet-el Primary School on Friday, 26 March 2021 received three classroom blocks and a storeroom from The Craton Foundation. The classrooms were donated to...