2 months ago

New Era Newspaper Thursday February 15, 2018

  • Text
  • Namibia
  • Windhoek
  • February
  • Namibian
  • Ministry
  • African
  • Procurement
  • Bids
  • Regional
  • Tender

10 Inside BUSINESS

10 Inside BUSINESS Thursday, February 15 2018 | NEW ERA Successful water company attracts private equity investment Procurement Number Boost… Johannes !Gawaxab, executive chairman of Eos Capital (leading Namibian private equity express their excitement over their new partnership. REPUBLIC OF NAMIBIA OFFICE OF THE JUDICIARY Photo: Contributed PROCUREMENT MANAGEMENT UNIT BIDS ARE INVITED FROM SUITABLE EXPERIENCED BIDDERS NCS/ONB/21 –01/2017/18 NCS/ONB/21 –02/2017/18 NCS/ONB/21 –03/2017/18 Deadline for submission of bids: Opening of bids: Levy (nonrefundable): Collection of bids: Bid Description Recording, Transcription, Copying and Binding Services for the Supreme Court of Namibia and the High Court of Namibia, Main Division, Windhoek Recording, Transcription, Copying and Binding Services for the High Court of Namibia, Northern Local Division, Oshakati Recording, Transcription, Copying and Binding Services for the Lower Courts of Namibia Thursday, 16 March 2018 @ 10h00 am Thursday, 16 March 2018 @ 11h00 am N0.00 (Payment should be made at Ministry of Finance, Fiscus Building) (08h00-13h00) Bid documents will be obtainable upon presentation of original receipt of pa ment from Thursday 16 February 2018 at the following address: Procurement Management Unit st Floor Submission of bids: Sealed bids in envelops clearly marked with the above references number, description and bidders details shall be delivered before 10h00 am Thursday, 16 March 2018 at the delivery address below. All envelops should be marked “DO NOT OPEN BEFORE CLOSING DATE AND TIME” NB! No faxed or emailed bids will be allowed. Bids submitted or received by hand or courier after the deadline for submission of bids shall not be accepted and will be returned unopened to bidders. The Secretary Procurement Committee Swabou Schönlein Building, 1 st Floor 25 Schönlein Street, Windhoek West Windhoek, Namibia Or Mail to: The Secretary Procurement Committee Enquiries: Or Mr Oscar Kanovengi, Staff Reporter Windhoek Eos Capital, a Namibian confirmed that it has acquired the majority of the ordinary share capital of Heat Exchange Products (HEP) and Namibia Aqua Mechanica (NAM). Pending Namibian Competition Commission approval, this acquisition greatly supports the industrialisation drive in boosting the national economy. HEP and NAM are key players in Namibia’s water industry, a sector that forecasts potential growth and through the investment of Eos, this industry is expected to expand considerably in the future. H E P w a s f o u n d e d b y entrepreneur Henning Mercker in 1998 with NAM acquired as an add-on in 2004. With the implementation of dynamic management principles through the introduction of ISO accreditation, and sourcing a professional energetic team, HEP and NAM, with their headquarters in Windhoek, provided specialised services and products throughout the country and beyond its international borders. HEP is the second largest water treatment company within Namibia and is committed in providing effective water treatment solutions to its clients through specialised non-commoditized chemicals and services. HEP is present in all sectors of the economy and generates it revenues from clients in the manufacturing and agricultural sectors. NAM is a valve and engine reseller which further complements all these sectors with additional services and products particularly to the nation’s important revenue markets of agricultural and mining. HEP is a key player in bulk water treatment to all industries thereby serving NamWater and various municipalities. At present with a total staff of over 30 and its rapid growth become aware of the tremendous growth potential in the water industry. There is a great need to expand and diversify ownership to include previously disadvantaged Namibians and hence the formation of a smart partnership with Eos Capital. Through the capital and strategic support from the N0 million Allegrow Fund, their investment will provide an additional boost to continuous economic growth and deliver superior returns to its investors. Johannes !Gawaxab, executive chairman of Eos Capital, says that partnerships, like with HEP and NAM, can help Namibian businesses operate at much higher levels than previously thought possible. This investment will strengthen the companies, making it possible to expand them and contribute towards job creation and economic development. Furthermore, the change to majority previously disadvantaged Namibian (PDN) shareholding via Eos Capital will help unlock substantial opportunities. According to Ekkehard of Eos Capital, after acquiring the majority stake in HEP and NAM, Eos will ensure overall productivity is continued with the retention of all employees and management. “Our aim is to invest in companies with the potential for rapid growth and to support them in achieving this growth. HEP and from the growth in the water sector – a strategic sector for the country – and combining the excellent management and our support from a strategy, governance and network perspective, the business will no doubt be a success story for the country and our investors.” Henning Mercker, who will remain as CEO and shareholder of HEP and NAM, is excited about the new venture. “We are delighted to have found a strong partner in Eos Capital with whom we can continue our growth strategy systematically. We are all proudly Namibian, together we can reach our full potential.” The water sector remains crucial in every country and will always have great potential for strategic growth. National projects and upgrading developments have been envisaged for the coming years, and HEP/NAM, as in the past, will be part of this growth in the future. This partnership will result in a truly Namibian-owned company becoming a key role player in the national economy.

Thursday, February 15 2018 | NEW ERA Inside BUSINESS 11 SMEs flourish through mentorship programme Staff Reporter Windhoek I Entrepreneur... Twapewa Kadhikwa (TK Entrepreneurship Programme), Leonie Syed-Samiullah (SME Candidate/Participant), Nelson Simasiku (Nedbank Namibia Head: SME Business). Notice Take note that IDC TOWN & REGIONAL PLANNING, on behalf of the owners of Erf 6238, Windhoek, intends to apply to the Windhoek City Council for the following: Erf 6238 is located in the Eros Medical Take note that the locality plan of the erf Further take note that any person objecting to lodge such objection together with grounds thereof with the City Council or the applicant notice IDC TOWN & REGIONAL PLANNERS PO BOX 2325, WINDHOEK MARKET OVERVIEW Change Latest 3 months 0.00% 7.13% 6 months -0.01% 7.58% CGP CAPRICORN INVESTMENT GROUP L 1802 0.00% 9 months -0.02% 7.7% NBS NAMIBIA BREWERIES LTD 4000 0.00% 12 months 0.01% 7.97% BVN BIDVEST NAMIBIA LTD 784 0.00% Change Latest FNB FNB NAMIBIA HOLDINGS LTD 4658 -0.04% GC18 (R204 : 6.98%) -0.04% 7.89% ORY ORYX PROPERTIES LTD 2050 0.00% GC21 (R208 : 7.23%) -0.07% 8.05% NAM NAMIBIAN ASSET MANAGEMENT LT 69 0.00% GC24 (R186 : 8.37%) -0.08% 9.59% NHL NICTUS NAMIBIA 189 0.00% GC27 (R186 : 8.37%) -0.08% 9.98% BMN BANNERMAN RESOURCES LTD 43 0.00% GC30 (R2030 : 8.87%) -0.08% 10.54% DYL DEEP YELLOW LTD 239 2.14% GC32 (R213 : 8.95%) -0.07% 10.66% SILP STIMULUS INVESTMENT LTD-PREF 12129 0.00% GC35 (R209 : 9.26%) -0.07% 10.69% FSY FORSYS METALS CORP 118 0.00% GC37 (R2033 : 9.08%) -0.08% 11.08% TUC TRUSTCO GROUP HOLDINGS LTD 840 0.00% %Change Latest B2G B2GOLD CORP 3461 -0.17% Gold 0.10% $ 1,330.83 Platinum 0.20% $ 976.15 Copper 0.00% $ 6,988.00 Brent Crude -0.21% $ 62.20 %Change Latest NSX (Delayed) 0.02% 1367.14 JSE All Share 0.55% 57,525.56 SP500 0.26% 2,662.94 FTSE 100 0.75% 7,221.66 Hangseng 2.27% 30,515.60 DAX 0.73% 12,285.51 %Change Latest Financials 0.45% 17,750.16 Resources -0.86% 35,367.26 Industrials 1.29% 75,749.13 %Change Latest N$/US dollar -1.07% 11.8365 N$/Pound -1.35% 16.3946 N$/Euro -1.13% 14.6102 US dollar/ Euro -0.07% 1.2343 Latest Previous Namibia Inflation (Dec 17) 5.2 5.2 Bank Prime 10.50 10.50 BoN Repo Rate 6.75 6.75

New Era

New Era Newspaper Vol 22 No 167