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Total fuels entrepreneurial ideas

Total fuels entrepreneurial ideas

Total Namibia hosted the first ever winners announcement of the Startupper of the Year by Total Challenge at a Gala Dinner held at NICE Restaurant in Windhoek on Tuesday.
The Total Startupper competition is aimed at young people up to the age of 35 years who have a concept or a business with less than 2 years of operational experience. The competition ran in 34 African countries. The first prize purse of N$250,000 went to Collin Nico /Uirab, Founder and Chief Executive Officer of Project Loc8. Loc8 is a Namibian innovative App designed to connect businesses (merchants) with consumers using geo-location technology.
A total of N$500,000 was awarded on the night, as well as customized support and coaching from Total South Africa.
Collin was born in Otjiwarongo in 1985 and spent most of his teenage life in that town. He also attended school in that town.
In 2004, Collin enrolled at the then Polytechnic of Namibia (Now NUST) to study Information Communication Technology (IT). Due to financial constraints, he dropped out of college and had to start work. He worked at Nampost as a mail sorter and later on as a front line operative (teller).
The Runner up was Peter Tshithigona, Founder & Chief Executive Officerof Adme SMS, walking away with N$150, 000.
“I could barely believe my senses. This is a dream come true for us at Creative Software. I’m very grateful to Total for making this possible. My team & I truly believe that this award will help a lot in assisting with the research & development plan that we have crafted out to make Adme SMS a POWER brand in Africa” said Peter.
Third place went to John Lush, Co-founder & Head of Administration of Agri-Cycle, who won N$100, 000.
“My business partners and I are very excited to have won. We’ve always had unwavering belief in our business, but the recognition from Total feels like a pat on the back. A pat that says well done and keep working hard,” says John.
The contest ran in two stages, the pre-selection of applications and pre-selection of applications by the jury. Eligible applications were individually reviewed by a jury of professionals including Baronice Hans, Bank of Windhoek Managing Director of Designate; Tara Shaanika, Namibian Chamber of Commerce and Industry Chief Executive Officer; Ally Angula, Co-Founder Leap Group of Companies Leap Namibia; Roberta da Costa , Chief Executive Officer of Team Namibia; Filemon Nditya, SME Bank Head of Business Lending and Mandene Morkel, Lecturer of Biological Sciences at University of Namibia.
Deputy Minister of Industrialisation, Trade and SME Development, Hon Pieter Van Der Walt, said “By helping the boldest, most innovative entrepreneurs in our country carry out their projects, TOTAL is helping to strengthen our industrial base and improve opportunities for employment creation.”
273 Namibians subscribed on the online platform. Of these 131 submitted valid projects but may not have submitted all the required information. In the end 72 were shorted listed and had to be assessed to reach the Top 10 finalists.

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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.