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Entrepreneurs encouraged to be bold in their endeavours

Mr Sylvanie Beukes, Entrepreneur and Author of the book “New Money Master” (middle) and Ilke Platt-Akwene, Senior Marketing & Communications Consultant, Sanlam (middle-right), with the Sanlam Innovation Works Finalist at a group mingle held on Wednesday. (Photograph by Mandisa Rasmeni).

The Sanlam Innovation Works Finalists held a group mingle on Wednesday, where they presented their progress as well as an update on how they used their prize money that they received from Sanlam Namibia.

At the occasion Sylvanie Beukes, Entrepreneur and Author of the book “New Money Masters” was the guest speaker. The finalists shared details on their progress on setting up their businesses, including the challenges they faced and the solutions they came up with.
Beukes encouraged the finalists to go get the money and to make sure that they know their business very well. He said the common challenges that entrepreneurs face are usually a combination of a lack of things like, understanding on where to start, business confidence, skills, tools and financial resources.
He advised the finalists to be consumer based and sell their product before it has been produced. “Do not have a one year goal or a two year goal, have a ten year goal and do not just not just concentrate on Namibia, plan big. We live in a global village now,” he emphasised.
Beukes said the finalists should avoid loans and rather go for bridge financing, to make sure their products are of the best quality and also build a financial track record for their companies. “Close the the deal, do not sleep on your food and sell, sell, sell,” he added. The finalists who presented on the day were, Education Consultancy Services, a company that helps with study methods for the young and old, LEVEL 27 a gaming company, M&O an up cycle décor products and event management company, OMIG a technology systems company and Tses Healthy Herbs, a tradition medicinal herbs company.
The winner of Sanlam Innovation Works will be announce in September 2015 and Sylvanie Beukes also promised the finalist an hours free consultation with him.

About The Author

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.