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Practical oomph for vocational training

Practical oomph for vocational training

The Chief Executive of the Namibian Training Authority, Jerry Beukes this week handed over tools and equipment to the Windhoek Vocational Training Center in Khomasdal, Windhoek, as the country scrambles to meet vocational knowledge and skills development targets.
Beukes described the handover as a milestone for the country’s oldest public vocational training institution. The most recent donation of equipment and machinery worth N$1.6 million is part of an intervention to equip students in public vocational institutions with training tools and equipment relevant to their field of industry. A shortage of training equipment is identified as one of the major impediments at vocational training institutions.
The training authority took over responsibility of public Vocational Training Centers in 2008 with a mandate to put into effect the Competency Based Education and Training (CBET) curriculum.
The auto-electric, auto-mechanic, welding, joinery and carpentry, as well as bricklaying and plastering equipment and tools will be used in the Windhoek centre workshops to prepare students for future employment.
“More recently, we have also invested in the upgrading and expansion of the physical infrastructure of the public vocational training centres, most notably the Rundu VTC and the Eenhana VTC, where extension wings are to be opened soon to expand the training offering and intake capacities of these institutions” Beukes said.
The Minister of Higher Education, Training and Innovation, Dr Itah Kandjii-Murangi’s speech was read on her behalf by Deputy Director General of the Namibia National Commission, Mr Rod April.
The minister’s speech expressed concern over prejudice against Vocational Education Training against academic education which she said generates unrealistic expectations among many parents and undue pressure on learners in schools.
Kandjii-Murangi believes that increasing not only the quality but quantity of graduates in job attachment opportunities increase the chances of graduates finding employment.
Job attachments make up an integral part of the vocational and technical training curricula.
“The sad reality, however, is that while we are making inroads in freeing up meaningful job attachment opportunities, we still face a good number of challenges in this regard” he said adding that many companies take in trainees but fail to deliver in terms of expectations as far as on-the-job training, evaluation and reporting are concerned.
“Others continue to view our vocational training centres as sub-standard institutions despite conforming to stringent national quality assurance requirements.”

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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.