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Science Commission, Namport to host quiz

The National Commission on Research, Science and Technology (NCRST) and the Namibia Ports Authority (Namport) will host a Brainer Science Quiz, in September.
The two institutions early this week signed a sponsorship agreement that establishes a key partnership for the annual science competition.
Through this partnership, the Science Commission and Namport will jointly facilitate the Namport Biggest Brainer Science Quiz Competition for High School learners across Namibia. The competition is also aimed at promoting public understanding of science, technology and innovation.
“We are pleased to sign this sponsorship agreement with the Port Authority because we believe that science, technology and innovation development is a long-term undertaking, which no Ministry or Agency can tackle alone,” said Dr. Diina Shuuluka of the Science commission.
Shuuluka said that as citizens of Namibia, corporations hold equal responsibility for the growth of the nation to empower youth with science and technology at all levels of education, as it plays a pivotal role in shaping their lives and careers which in turn will benefit Namibia.
“The future of our nation is in their hands, and they can elevate our nation to more advanced levels than what it is today. The Brainer Science Quiz Competition will allow every high school learner to participate free of charge. This will enable the youth to utilise this platform to grow and prosper and learn about themselves and their potential career dreams,” she added.
The Science Quiz Competition, which is scheduled to take place during the Science Commission’s Month of Science will provide innumerable benefits to learners, which encourage their educational and even social development.
“Participation in a science quiz competition stimulates a learner’s interest in science and technology while simultaneously promoting the development of the skills such as communication, strategic thinking, team work, and lights the fire for knowledge,” said Shuuluka.
Furthermore Shuuluka said, that a learner’s decision about study and career paths are primarily based upon interest in a particular field and on his/her perception of job prospects in that field. “Positive contacts with science and technology at an early age can have a long-lasting impact,” he added.

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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.