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Seminar supports SMEs to access services

The SME Service Providers seminar, a side event of the annual Namibia SME Expo ’12, is taking place on Thursday 2 August at Nampower Convention Centre in Windhoek.
The seminar is a platform for organisations providing capacity building support to SMEs, to introduce the wealth and employment creation services they offer.
According to Danny Meyer, nine entities that routinely help Namibia’s small and medium enterprise (SME) sector grow business and create jobs have already booked time slots for the upcoming annual seminar, and he expects the number to grow.
The seminar will run all day from 09:00 to 18:00.
The main event, Namibia SME Expo, now in its seventh year, will be held over three days, from 01 to 03 August at the same venue. The event serves to showcase the SME sector and promotes business linkages between small enterprises and corporate firms, parastatals, government departments and municipalities.
“In addition to the main sponsors of the event, First National Bank (FNB), Bank Windhoek and Development Bank of Namibia (DBN), other service providers who have already booked to make presentations are Telecom, Namibia Procurement Fund and the Namibia Preferential Procurement Council,” says Meyer.
Two business sector representative bodies, the Namibia Chamber of Commerce and Industry (NCCI) and the Namibian Employers’ Federation (NEF) have also booked time slots adds Meyer. Meyer also says that his co-director, Claudine Mouton, will reintroduce the enterprise and entrepreneurial development services of SMEs Compete.
“Entry to the SME Service Providers seminar is free and is open to those already in business and to budding or novice entrepreneurs, as well as students planning to venture into business,” says Meyer.

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

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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.