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Vocational training gets hefty boost from EU

Vocational training gets hefty boost from EU

The European Union and the government, represented by the National Planning Commission signed three Financing Agreements with a combined value of N$225 million this week
The funds are going to be used for vocational education and training, a support programme to the National Authorising Officer, and a Technical Cooperation Facility.
These agreements are part of a first financing decision under the 11th European Development Fund (EDF) in favour of Namibia. These support programmes have been identified and formulated in line with Namibia’s own development priorities as outlined in the 4th National Development Plan and corresponds with the Joint EU Response Strategy for Namibia.
The three programmes will cover the support to vocational education and training. This programme will contribute to increasing access to and improving the quality and relevance of vocational education and training (VET).
The Namibia Training Authority will be the main beneficiary and implementing partner. The programme is set to establish a training hub, comprising a cluster of existing vocational training centres in the north namely Valombola, Eenhana and Nakayale.
The other Support programme for the National Authorising Officer/National Planning Commission (NAO/NPC) will address key capacity constraints confronting the NAO/NPC.
The programme will strengthen the capacity of its officers to undertake the tasks associated with programme implementation. Moreover, the EU will assist the NPC in its overall responsibility of monitoring and evaluating multi-annual national development plans.
Furthermore, the Technical Cooperation Facility will provide technical assistance for studies, analyses and other activities, including the organisation and facilitation of conferences, seminars, workshops and training sessions. With these the EU funding will support the preparation and implementation of the actions financed under the 11th EDF.
In March 2013, in line with the objective to enhance the effectiveness and impact of European development cooperation, the EU partners present in Namibia agreed on a Joint EU Response Strategy for Namibia, which EU and Member States adhere to when preparing bilateral programmes.

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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.