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Likukela starts social media reality show

Likukela starts social media reality show
The Minister of Industrialisation, Trade and SME Development, Hon Immanuel Ngatjizeko signing the Namibian Retail Sector Charter witnessed by the CEO of the Namibia Trade Forum, Mrs Ndiitah Ngihipondoka-Robiati with Master of Ceremonies, Neville Basson hovering near the microphone.

The Minister of Industrialisation, Trade and SME Development, Hon Immanuel Ngatjizeko signing the Namibian Retail Sector Charter witnessed by the CEO of the Namibia Trade Forum, Mrs Ndiitah Ngihipondoka-Robiati with Master of Ceremonies, Neville Basson hovering near the microphone.

Standard Bank Namibia announced this week that its inhouse economist, Mally Likukela recently went live with his own Facebook and Twitter sessions branded #AskOurEconomist.
The bi-monthly sessions allow any member of the public to engage directly with Likukela on current and relevant economic matters.
“Due to the fact that people like to think and talk about economic issues that affect them as consumers, workers, producers, investors and citizen; it’s important that that they understand economics issues in lay man terms and its only in this way that they will be stimulated enough to have discourse of discussions on meaningful matters,” said Janet Kapenda, Social Media and Digital Marketing Manager at Standard Bank.
“In today’s ever-changing and increasingly competitive world, knowledge is power, and economic education is vital for the future health of our nation’s economy. We are living in an age where communications is readily available. However simply having more information does not necessarily mean people have more knowledge. It is on this basis that we would like to play our part in educating and providing meaningful information to the public,” she commented.
The first topic was on the ‘2016/17 national budget’ – What does the national budget mean for the ordinary citizen? How inclusive and aligned is the budget with national priorities like poverty eradication, inequality, unemployment and economic growth?
“We were really pleased with the overwhelming questions and comments people posted on our first session. A total of 220 likes and over 33 questions and engagements were reached in a space of just one hour,” said a chuffed Likukela.

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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.