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Bank Windhoek Ladies amateur golf tourney draws near

Bank Windhoek has sponsored the Namibia Amateur Ladies Golf Union (NALGU) with a sponsorship of N$40 0000 to host the Namibian Ladies Open and the African Ladies Championship. Pictured at the handover are f.l.t.r., Berdine Nolte (Representative of Omeya Golf Estate), Thea Groenewald (President of NALGU), Roelien Zwart (Communication Practitioner at Bank Windhoek), Suzette Vermeulen (Additional Member of NALGU), and Celonika Robinson (Secretary of NALGU).

Bank Windhoek continued to strengthen its ties with the Namibian Golf fraternity, with a sponsorship of N$25,000 towards the Namibia Ladies Amateur Golf Union (NALGU) for their national championship.

The sponsorship funds will be utilised to host the Bank Windhoek Namibia Amateur Ladies Strokeplay Championships from 25-26 April. The event will be hosted at Omeya Golf Estate. The Championship will be contested over two rounds of 18 holes on each day. Entries have so far been received from Windhoek, Omeya and Swakopmund. This local field will further be strengthened by a contingent of 25 international participants from South Africa, Botswana, Zimbabwe and Lesotho. The players will arrive in Namibia on 23 April and stay on in Namibia after the Strokeplay Open for the Southern Regional All Africa Challenge Trophy scheduled for 28 – 30 April. Due to sufficient international entries, an Open and Closed Championship can be run this year. All Namibian and international participants will contest the Open Championship, while the Closed Championship is reserved for Namibian players only.
Prizes will be awarded on an overall and divisional basis. All lady golfers in Namibia will be accommodated in different divisions, including junior golfers. Those with handicaps up 24 will play Strokeplay and players with handicaps 25 and above will play Stableford in their own division. This decision was taken in an effort to improve development amongst all lady golfers in the country. From this year a Senior Ladies division has also been included. At the prize-giving the Open, Closed, Stableford and Senior Champions will be crowned. Caro Els (handicap 2) currently Namibia’s top lady golfer, will defend her title. Fierce competition for top honours can be expected from international players such as Swanelle de Lange (+1), Cara Gorlei (0), Demi Flanagan (3) from South Africa and Zimbabwe’s Batsirai Tilowakuti (4).

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Following reverse listing, public can now acquire shareholding in Paratus Namibia

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20 February 2020, Windhoek, Namibia: Paratus Namibia Holdings (PNH) was founded as Nimbus Infrastructure Limited (“Nimbus”), Namibia’s first Capital Pool Company listed on the Namibian Stock Exchange (“NSX”).

Although targeting an initial capital raising of N$300 million, Nimbus nonetheless managed to secure funding to the value of N$98 million through its CPC listing. With a mandate to invest in ICT infrastructure in sub-Sahara Africa, it concluded management agreements with financial partner Cirrus and technology partner, Paratus Telecommunications (Pty) Ltd (“Paratus Namibia”).

Paratus Namibia Managing Director, Andrew Hall

Its first investment was placed in Paratus Namibia, a fully licensed communications operator in Namibia under regulation of the Communications Regulatory Authority of Namibia (CRAN). Nimbus has since been able to increase its capital asset base to close to N$500 million over the past two years.

In order to streamline further investment and to avoid duplicating potential ICT projects in the market between Nimbus and Paratus Namibia, it was decided to consolidate the operations.

Publishing various circulars to shareholders, Nimbus took up a 100% shareholding stake in Paratus Namibia in 2019 and proceeded to apply to have its name changed to Paratus Namibia Holdings with a consolidated board structure to ensure streamlined operations between the capital holdings and the operational arm of the business.

This transaction was approved by the Competitions Commission as well as CRAN, following all the relevant regulatory approvals as well as the necessary requirements in terms of corporate governance structures.

Paratus Namibia has evolved as a fully comprehensive communications operator in Namibia and operates as the head office of the Paratus Group in Africa. Paratus has established a pan-African footprint with operations in six African countries, being: Angola, Botswana, Mozambique, Namibia, South Africa and Zambia.

The group has achieved many successes over the years of which more recently includes the building of the Trans-Kalahari Fibre (TKF) project, which connects from the West Africa Cable System (WACS) eastward through Namibia to Botswana and onward to Johannesburg. The TKF also extends northward through Zambia to connect to Dar es Salaam in Tanzania, which made Paratus the first operator to connect the west and east coast of Africa under one Autonomous System Number (ASN).

This means that Paratus is now “exporting” internet capacity to landlocked countries such as Zambia, Botswana, the DRC with more countries to be targeted, and through its extensive African network, Paratus is well-positioned to expand the network even further into emerging ICT territories.

PNH as a fully-listed entity on the NSX, is therefore now the 100% shareholder of Paratus Namibia thereby becoming a public company. PNH is ready to invest in the future of the ICT environment in Namibia. The public is therefore invited and welcome to acquire shares in Paratus Namibia Holdings by speaking to a local stockbroker registered with the NSX. The future is bright, and the opportunities are endless.