Tag: Namibia

Windhoek invites bids from IPPs to generate 25MWp of solar power

Frank

NAMIBIA – The municipality of Windhoek, Namibia has launched a call for expressions of interest for the financing, construction and operation of a 25 MWp solar photovoltaic plant. The Independent Power Producers (IPPs) interested in the tender have until 19 August 2021 to submit their bids. The municipality intends to rely on an independent power producer (IPP) to install a solar photovoltaic plant in a public-private partnership (PPP) with the city for a period of 25 years. The power purchase agreement (PPA) that will be signed for this project is…

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Imperial Logistics acquires Namibia’s Deep Catch for US$45m as it eye new markets and customers

Frank

NAMIBIA – Logistics and mobility company Imperial Logistics has entered into an agreement to acquire 100% of the issued share capital of perishable foods company Deep Catch Namibia for US$45 million. Deep Catch is owned by private equity investment management firm Salt Capital Ventures and development finance institution German Investment Corporate DEG, as well as management shareholders Christoph Kubirske, Jared-Dwight Geyser, and Lewton Geyser. Deep Catch wholesales, distributes and provides cold storage transport of perishable foods, mainly poultry, fish and dairy products, in Namibia and in the broader Southern Africa region. Headquartered in Namibia and with subsidiaries…

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NAMCOR, ReconAfrica ink agreement to develop Kavango basin in Namibia

Frank

NAMIBIA – The National Petroleum Corporation of Namibia (NAMCOR), and Reconnaissance Energy Africa (ReconAfrica), have announced the execution of a Joint Operating Agreement (JOA), to develop the resource potential of the Kavango Sedimentary Basin, Northeast Namibia. Under the agreement, the two companies will jointly pursue an ongoing petroleum exploration program in the Kavango East and Kavango West regions of Namibia, with ReconAfrica covering the full costs to commerciality. The two companies initially entered into a Petroleum Exploration Agreement with the Government of the Republic of Namibia in 2015, under which…

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Namibian Ports Authority plans to deepen Lüderitz port

Frank

NAMIBIA – The Namibian Ports Authority, or Namport, plans to improve the capacity of the port of Lüderitz port, which is currently constrained by its shallow depth of -8.75 metres chart datum. The shallowness of the port has limited the efficiency of the port and the value of transactions performed in the port-dependent coastal town, and deepening it could enhance its capacity and increase trade volume in the town.However, the plan is facing major challenges such as limited space because the land area is next to the sea wall.Namport is…

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Hospitality investment platform Kasada Capital Management acquires the largest hospitality complex in Namibia

Frank

NAMIBIA – Sub-Saharan hospitality investment platform Kasada Capital Management, has announced the acquisition of the 414-key Safari Hotels and Conference Centre in Windhoek, Namibia. The transaction will be made through Kasada Hospitality Fund LP and remains subject to approval by the Namibian Competition Commission. The hotel complex is strategically located within ten minutes of Windhoek’s city centre and adjacent to Eros Airport. It consists of the 215-key Safari Court Hotel, the 199-key Safari Hotel and Namibia’s foremost Meetings, Incentives, Conferencing, Exhibitions (MICE) venue, the Safari Court Conference Centre that includes a…

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Asset manager Mergence Namibia acquires majority stake in two Ejuva renewable energy projects in Gobabis

Frank

NAMIBIA – Asset manager Mergence Unlisted Investment Managers (Namibia), has upped its shareholding in the two Ejuva renewable energy projects in Gobabis from 17% to a majority stake of 66% having acquired the 49% previously held by co-developer and initial part-financier, CIGenCo, a subsidiary of South Africa-listed Consolidated Infrastructure Group (CIG). The two adjacent Ejuva solar power plants, with a combined output of 10MW, were officially opened in August 2018 as part of the Namibian Feed-in Tariff program (REFIT program). The REFIT programme was initiated by the Ministry of Mines…

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Botswana and Namibia sign MoI to implement 5000MW solar complex

Frank

BOTSWANA – The governments of Namibia and Botswana have virtually signed a Memorandum of Intent (MoI) for the implementation of their 5,000 MWp mega solar project. Both countries have already received support from the International Finance Corporation (IFC), the International Bank for Reconstruction and Development (BIRD), the African Development Bank (AfDB), as well as the US government’s Power Africa initiative. The Memorandum of Understanding signed between Namibia, Botswana and the international financial institutions comes just days after the signing of a first agreement, also via video conference. These agreements will…

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Paratus Telecom appoints Martin Cox as new Group Chief Commercial Officer

Frank

NAMIBIA – Paratus, a Pan-African quality network provider, has appointed Martin Cox as its Group Chief Commercial Officer. According to the company, Cox brings a wealth of experience as a founder shareholder of Neotel and Executive for Strategy, Commercial and M&A at Internet Solutions. He will run the commercial operation for Paratus from Johannesburg, South Africa, where he will focus on driving the company’s aggressive growth plans for its expansion in Africa. In a statement released to the media, Paratus said Cox, a qualified lawyer and MBA graduate, began his…

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Old Mutual buys major stake in the 5MWp Rosh Pinar solar power plant in Namibia

Frank

NAMIBIA – Old Mutual Investment Group Namibia, has acquired a majority stake in Aloe Investments Number Twenty-Seven, the project company that owns and operates the 5MWp Rosh Pinah solar power plant in Namibia. These shares were previously held by the Spanish company AEE Power Ventures. The value of shares bought by Old Mutual was not disclosed. The plant, which has a capacity of 5 MWp, went into commercial operation in 2017 and the 13.5 GWh produced annually by the solar farm are sold to the state-owned company NamPower under a…

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Telecom Namibia, Paratus partner to land subsea cable in Namibia

Frank

NAMIBIA – Africa’s leading integrator of technology Paratus and Telecom Namibia have signed an unprecedented agreement to land the subsea cable, Equiano, in Namibia. The agreement will also, critically, provide Namibian networks and their customers with greater capacity, enabling more product options that can stimulate economic growth and support a competitive telecommunication sector. “This is a major milestone for Paratus. We are honoured to be co-investing with Telecom Namibia on the Equiano subsea cable project because this matches our goals of delivering unlimited connectivity and building Africa’s quality network with…

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