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National Scientific Forum for Cuban professionals set for weekend

The National Scientific Forum will be held on Saturday, 21 January at the Windhoek Country Club, with a representation of Cuban professionals in Namibia, who will present scientific lectures related to their current work in the country.

The areas under focus at the Forum will include health, construction, architecture, planning and aquaculture.

The scientific lectures are going to be presented in English language and among the authorities invited are the Minister of Health and Social Services, the Minister of Urban and Rural Development and other specialists linked to those areas.

Deputy Chief of Mission of the Cuban Embassy in Windhoek, Fakri Rodriguez Pinelo this week told the Economist that the purpose of the forum is for Cuban professionals working in Namibia under government to government agreements present the results of their daily work in the country and propose ideas to solve the identified challenges.

According to Pinelo, there are about 120 Cuban professionals in the country of which the bulk are in the health sector.

We follow specific scientific research techniques to do the presentations and elaborate, on our conclusions. These scientific forums are a tradition in Cuba for professionals in most fields,” he added.

Pinelo added that the forum helps to keep the Cuban community linked to research and development in order to further improve their work in Namibia and their respective fields

He said that after each presentation there will be a session for discussions which focuses on what best solutions can be used to the challenges.

The beneficiaries of the forum, are set to be the local public for whom the Cuban professionals work for, be it in the health sector, fisheries , architecture and physical planning.

Meanwhile, Pinelo said this year this will be the 20th edition of the annual event and he is hopeful that the professions will get a better understanding of the country’s challenges and the conclusions reached will be able to address the existing problems effectively.

About The Author

Musa Carter

Musa Carter is a long-standing freelance contributor to the editorial team and also an active reporter. He gathers and verifies factual information regarding stories through interviews, observation and research. For the digital Economist, he promotes targeted content through various social networking sites such as the Economist facebook page (/Nameconomist/) and Twitter.

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.