Select Page

Youthia invents trading currency for intra-continental youth trade

Youthia invents trading currency for intra-continental youth trade

Youthia, a Namibian Pan-African youth organisation that is committed to the economic empowerment of 1 million youth entrepreneurs across Africa by 2025, has invented its own trading currency.

While allowing African youth to have a sense of belonging to a new progressive movement of youth taking charge of their and Africa’s future, Youthia CEO, Mandy Shemuvalula said that Youthia as a disruptive company designs and develops products, services and platforms to help youth entrepreneurs grow.

The AFRO is a facsimile currency that Youthia has created to be used exclusively to charge for and trade Youthia’s products, services and platforms that enable youth businesses to trade with the company as well as to trade with other youth businesses within its network. For simplicity, the AFRO is pegged to the United States’ dollar, 1 to 1.

“It is a practical way to start initiating a common economic thinking among young Africans and begin to adopt it into their everyday lifestyle” Shemuvalula said adding that Youthia exists to re-imagine youth economic development in creating a better world.

With a Vision to be an influential African youth brand reaching entrepreneurs across the continent, the Youthia business model is based on collaborative competitiveness, progress through the power of leveraging existing resources, and the transfer of ownership by directly targeting youth.

“As the pioneer of the unorthodox category in youth entrepreneurship, we create new markets” Shemuvalula said explaining that their facsimile currency is branded with the AFRO symbol.

“The AFRO note aims to unite young Africans for intra-continental youth trade for Africa’s prosperity and development. It allows African youth to have a sense of belonging to a new progressive movement of young people taking charge of their and Africa’s future.”

Members that join the Youthia network are required to leverage their own network of fellow youth for a strong local-level reach to pioneer unconventional solutions to local problems and challenges.

Youthia said it designs and develops products, services and platforms to help youth entrepreneurs grow. These products, services and platforms touch at different levels of the value chain of youth businesses and help bring actionable, sustainable results.

About The Author

The Staff Reporter

The staff reporter is the most senior in-house Economist reporter. This designation is frequently used by the editor for articles submitted by third parties, especially businesses, but which had to be rewritten completely. - Ed.

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.