SITA 'not institutionally ready' for IoT

SITA ready
for IOT?

SA State IT Agency
outlines strategy.

ITWeb Africa

Sunday, Dec 16th

Nimbus lists in Namibia as first capital pool company

Nimbus lists in Namibia as first capital pool company

Namibia has listed its first capital pool company (CPC), Nimbus Infrastructure Limited (Nimbus), a collective capital raising vehicle by like-minded institutions and individuals who want to develop investments.

According to the company's statement, Nimbus listed on the Namibia Stock Exchange last week Friday via a private placement of shares, raising more than N$100 million. "The listing was a joint initiative between Cirrus Capital, telecoms leader Paratus Namibia and Cronje & Company."

The company says it has signed a management agreement with Paratus Namibia, whereby Paratus will manage the investments made by Nimbus.

The company says it conducted its first Capital Raising on 29 September 2017, and listed on the Namibia Stock Exchange via Private Placement. It has started trading under the share code 'NUSP' as from 6 October 2017.

"The Nimbus listing boasts exciting opportunities for Namibia, as not only does it focus on the fast-growing ICT sector across the continent, but in so doing, it offers a strong diversification opportunity for the funds of institutions and individuals alike, allowing diversified jurisdiction, currency and sector returns for investors," the company notes in the statement.

"Further to this, as Namibia's first CPC, Nimbus represents an opportunity to prove a new concept that will likely form a critical part of the future development of the Namibian real and financial sectors," it continues.

Nimbus says it allows opportunities to utilise Namibian discretionary and contractual savings to play a key role in the development of the Namibian economy for the benefit of the Namibian people. "Saving and investing is critical for an economy as investment drives increases in productive capacity and long-term growth, vital for wealth and job creation, and ultimately poverty reduction."

"The Nimbus team are grateful for the support shown by a number of institutional investors inside and outside of Namibia, who share the team's views that there is a need to develop the Namibian capital markets through innovative means. The team is further delighted by the retail interest shown on this Private Placement, and believes that the various investors will be rewarded through the future returns to be generated," the company concludes.


Entersekt gains early certification for e-commerce authentication solution Published on 13 December 2018

Entersekt has gained EMVCo certification for its 3-D Secure 2 access control server.

Namibia to improve ease of doing business Published on 10 October 2016

ICT one of several key imports characterising ongoing and growing trade between the two Southern African countries.

Internet of Things Artificial Intelligence ... the future Published on 29 November 2018

Over the next six to 12 months, it is very likely that the potential of IOT will see numerous small players emerge across all industries says Phathizwe Malinga, managing director of SqwidNet.