Investment Background In 2015 Innervation South Africa established a service presence in Namibia. Innervation Namibia services many of Innervation’s South African retailers who are expanding their operations into Namibia. Services provided included: Regulated Payments – integrated Point-of-Sale (POS) solutions, POS supply, Compliance Services and card-present and card-not- present transaction acquiring services. Customer Engagement – Value Added Services (VAS) including commodity VAS, gift card, loyalty, and reconciliation and settlement services. Issuing and Account Management – Third Party Payment (TPP) services, closed loop, open loop, virtual and wallet payments.
Product and Service Offering Regulated payments; Customer Engagement; Issuing and Account Management.
Company Profile: WinSalt was established in 2017 by Craig Deyzel, to provide an alternative to naturally occurring, farm- made and imported mineral lick blocks; a feed supplement, which meets the nutritional needs of both livestock and wild game, lasts longer and is relatively more affordable than the options currently available on the market. WinSalt’s operations are based in Walvis Bay close to the Walvis Bay Salt Works company, which also provide the salt required in the production process. The blocks will be offered to the local market and will also be primed for export into the region, starting with South Africa.
Product Info: WinSalt’s products: Mineral Lick Blocks; are prepared in a solid 20kg, hard, compact form which standardizes the product, makes it relatively easier to store and transport, and ensures it lasts longer.
Company Profile Founded by Mr. JC du Toit (Hansie); Namibia Gypsum Industries (Pty) Ltd is a Namibian company registered in 2018, that builds and manufactures Gypsum Ceiling Boards for both the local and regional market.
Product Information Gypsum boards, commonly known as drywalls, are boards with a gypsum core and a paper facing, used for wall, ceiling, and partition systems in residential, institutional, and commercial structures. One principal advantage of gypsum board over plywood, hardboard, and fiberboard is its strong fire resistance. Gypsum products also provide sound control, economy, versatility, quality, and convenience.
Investment Background Namib Green Gold Processing (Ltd) Pty is a Namibian based manufacturer of bush-based animal feed, charcoal and biochar from encroacher bush. The company was established in 2017, with the aim of developing socially, economically, and environmentally sustainable bush value chains.
Product and Service Offering
Investment Background Dore Pharmaceuticals is Namibia’s most technologically advanced pharmaceutical manufacturer. The company has a state-of-the-art EU-GMP (Good Manufacturing Practice) certified facility in Windhoek. The company will produce seven drugs of which four at own-branded drugs and three more manufactured under contract. Dore is also involved in the production and distribution of Anti-Retrovirals (ARVs) - this is the major component of its public sector business. The Namibian government through the Ministry of Health and Social Services spends roughly N$1 billion on ARVs per annum.
Product and Service Offering Pharmaceutical manufacturing, packaging and distribution.
Investment Background Black Gold Engineering (Pty) Ltd is a Namibian LED light manufacturer and distributor, established in 2014. The company has a patented lighting solution called NamluxTM, providing 79,6% in cost savings compared to the traditional streetlight.
Product and Service Offering - why Namlux? No lithium, phosphates ,fluoride or sulphuric acids, therefore reducing water and soil pollution. Uses integrated circuits instead of ballast, capacitors and ignitors made from silicon and plastics. 100% recyclable
Investment Background The Fund invested in Virtual Technology Services (VTS) during the market consolidation currently underway in the payments sector. The VTS investment represented an opportunity to participate in payments at the merchant acquiring level. VTS has a PSD3 e-money license from the bank of Namibia which allows it to provide customers with e-wallets and transaction aggregation services. VTS has three staff and is working closely with the other portfolio company in the payments sector - Innervation Namibia. The company is currently working with Mastercard to provide services to Bank Windhoek and Nampost.
Product and Service Offering eWallet and Transaction Aggregation Services.
Investment Background The investment in National Payment Solutions (NPS) was the first investment of the Baobab Growth Fund’s electronic payments investment strategy implement- ed in 2017. NPS is licensed by the Payments Association of Namibia (PAN) as a Payment Services Provider (PSP) and uses card and e- commerce transaction switching technology from the vendor Traderoot. NPS has strategic relationships with PayGate (a payment gateway for online transactions); iPay (a payment gateway for online transactions); and, more recently, Boloro (through a holding company called Silicon Capital in South Africa).
Product and Service Offering Switching services to merchants for online and card transactions.