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Kickstart finalists under SBS wing

Southern Business School of Namibia has teamed up with SABMiller Namibia to facilitate teaching the twenty Kickstart competition finalists about business.
A good business idea needs a solid business plan and entrepreneurs needs the basic knowledge of running a business. This is where the business school comes in.
The twenty finalists of the Kickstart competition received intensive business training through SBS Namibia. The course encompassed business theory and practical case studies in Self Development, Basic Bookkeeping, Finance, Marketing and Entrepreneurship.
SBS Namibia is a distance learning institution that is recognized by the NQA, making them uniquely able to teach these aspiring businesswomen and men. “The training will benefit the twenty finalists through the rest of the competition, since they will already have the knowledge and skills gained through this experience” SBS said this week. Participants will receive a certificate after completing the assessments for the various courses.
The Kickstart competition fosters a culture of entrepreneurship among youth. It provides an intensive business skills training, business development support and grants. The competition is a unique opportunity for Namibian youth entrepreneurs to develop their entrepreneurial skills and have an opportunity to better their livelihoods. One of the finalists and course participants Adda Auala said; “I would like to thank the organizers for putting together such an excellent project. I have learned so much in the last three weeks.”
Maija-Liisa Prinzonsky Corporate Affairs Manager of SABMiller Namibia said; “Kickstart gives support to the winning businesses in the form of grants and mentorship.”

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Following reverse listing, public can now acquire shareholding in Paratus Namibia


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.