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Double boost for children with cancer

Double boost for children with cancer

The Cancer Association of Namibia is on a roll with its projects to support young cancer patients during the time of their treatment.
Not only did it recently opened the CHICA Interim Home for kids fighting cancer, it also received a generous sponsorship from Lewis Stores in the from of furniture, and a cash donation from Namibia Health Plan for the upcoming CHICA Carols by Candlelight.
The “Children Fighting Cancer in Namibia” (CHICA Namibia) programme, is focused on the awareness, education and support of childhood forms of cancer.
The CHICA Interim House was taken over from Sybille Brettschneider and inaugurated last week.
Lewis Stores donated a large consignment of furniture for this temporary facility.
Earlier this year, the Cancer Association and corporate partners the Namsov Community Trust, First National Bank of Namibia and Namibia Breweries concluded the ground-breaking ceremony for the new patient accommodation wing at Acacia House to be constructed in early 2017.
Meanwhile, this week Namibia Health Plan announced its sponsorship of the Carols by Candlelight fundraising event.
Medscheme Namibia’s Marketing Manager Abigail Raubenheimer handed over the donation emphasing NHP’s dedication to the Cancer Association. “NHP’s commitment to ‘Children fighting Cancer’ or as it is more widely known, CHICA, has been well documented over the years” she said.
The Cancer Association and NHP will host the “NHP CHICA Carols by Candlelight” on Thursday, 24 November 2016, at 18:30 at the Dutch Reformed Church in Lüderitz Street near the Windhoek CBD.
The programme includes- a line-up of Christmas carols by local artists, with mass congregation hymns led by Ebbie Bekker on the organ; and a blessing for little ones fighting cancer.

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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.