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Gender Links advocates more women rights

From the left are Mrs. Emily Brown, Gender Links Board Member, Spanish Ambassador H.E. Carmen Díez, Ambassador Tonata Itenge-Emvula and Ms. Sarry Xoaqus-Eises, Gender Links Country Manger.

The Namibia SADC Gender Protocol Summit and Awards 2015 which was held earlier this week, was opened by Ambassador Tonata Itenge-Emvula, Special Advisor to the Minister of Gender Equality and Child Welfare, on behalf of Hon. Doreen Sioka and H.E. Mrs Carmen Díez, Ambassador of Spain in Namibia. The event was organized by Gender Links, the Alliance and numerous counsellors and chairpersons of regional councils.

During the event, Ambassador Itenge-Emvula launched the SADC Gender Protocol 2015 Barometer Namibia, which tracks the implementation of the 28 targets and provisions of the SADC Protocol on Gender. The deadline for the implementations of these targets, which strives for gender equality and elimination of gender discrimination is September 2015. According to the Barometer, Namibia has made important progress, as shown by the highest women representation in top positions but there are still various challenges ahead.
All participants stressed the importance of gender equality to achieve women empowerment. On Wednesday and Thursday, an inception workshop was held for the various stakeholders in Gender Links to to present their proposals of best practices in different categories (gender violence, economic empowerment, climate change, entrepreneurship, etc.).
Ambassador Itenge-Emvula said that all participants are winners for promoting gender equality. She encouraged the workshop participants to persevere in their work to promote women rights.

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

Promotion

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.