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Computer access boosts quality education

Computer access boosts quality education

The Tsumeb smelter operator, Dundee Precious Metals, realising the importance of computers in education, this week presented five schools with 37 computers during a ceremony as the Dundee Precious Metals Tsumeb Information Centre. The donation of more than N$180,000 was made through the smelter’s Corporate Social Investment arm, the Dundee Precious Metals Tsumeb Community Trust.
“Dundee has taken the initiative to donate computers to your schools because we know that through this donation your work capacity will be elevated and at the same time also enhance the quality of education of the learners,” said Lot Muteka, Information Management Manager at Dundee Precious Metals.
Stating his employers core value, “Community Investment.” Muteka said Dundee has a strong social and corporate responsibility to the communities it operates in. “Dundee gives particular importance to uplifting the standard of living of the youth of Tsumeb especially of the school-going children who will become the shapers of Tsumeb’s future” he said.
The beneficiary schools are Tsumeb Gimnasium Private School, Etosha Secondary School, Francis Galton Primary School, Opawa Junior Secondary school and Tsumeb Secondary School.
“The reality is that DPMT is really investing. I don’t know what we will do without Dundee. We are tremendously thankful for the computers because in the end when you invest in education, everyone benefits” said Elizabeth Murorua, the principal of Tsumeb Secondary School.
The donation is in part to celebrate the recent commissioning of the Dundee’s new sulphuric acid plant at a project cost of over N$2.6 billion. Dundee’s IT department will assist the schools with the installation and setting up of the equipment.

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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.