Select Page

DBN entrepreneur gives back

Labour relations academic and MD of Namibia Industrial Group, Regto Ndemufayo David (centre-right) standing with International University of Management final year Business and HR students at the Labour Relations seminar hosted in Windhoek at Arebbusch Lodge last week. Photograph by Namibia Industrial Group.

The 2014 Development Bank of Namibia Business Innovation Award winning company, Namibia Industrial Group Holdings invited over 15 final year Business and Human Resource students to a two-day employers’ labour relations seminar hosted by its subsidiary company, Namibia Labour Consulting. The seminars took place in Walvis Bay, Ongwediva and Windhoek.

The attending students were invited from the University of Namibia, The Polytechnic of Namibia and the International University of Management.
According to the group’s Managing Director and labour relations academic, Mr Regto Ndemufayo David, the final year students were invited by his company as per its motto of serving the nation and in line with their key value of community and social upliftment.
The students delegatesgot an opportunity to understand the issues in real workplace labour relations and also had ample opportunity to network with possible employers for permanent job opportunities and internships.
David explained that the labour relations seminars that bring together employers and employees, aim to promote smart and sound labour relations in the workplace and ensure higher productivity to grow the economy to the most competitive in Africa, to help fight poverty as part of the national agenda.
According to the spokesperson, Josephine Hamwaama, the students were selected by their respective universities through referral by their Faculty Officers for the seminar training.
Although she could not reveal the companies that took part in the seminar she mentioned that “our employee clients at the Windhoek seminar came from several companies in the hospitality sector, engineering sector, medical practices as well as from parastatals.”
Hamwaama added that the training seminar is a continuous social responsibility project from Namibia Labour Consulting adding that the company is hosting the next training seminar at Hotel Destiny in Ongwediva this week Thursday and Friday.
Each attending delegate received substantial reading material and certificates in labour training upon completion of the seminar, courtesy of Namibia Labour Consulting.
David won the Development Bank of Namibia’s Business Innovation Award for the Go Safe ‘Eenda Nawa’ travel indemnity product which is set to launch as a mobile operated insurance product for commuters this year at the eCommerce Africa Conference to be held in Cape Town. Go Safe plans to launch the product by offering N$20 cover per trip to commuters with N$5,000 funeral cover and also an N$500 airtime contribution to the family for burial arrangements.

About The Author

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.