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Namsov partners with vocational centre to up-skill youth

Namsov partners with vocational centre to up-skill youth

Namsov Fishing Enterprises has invested a total of N$658,000 in education activities, during the academic period of 2016/2017.

The recent recipients of their aid last week in Arandis, which was done their social investment vehicle, Namsov Community Trust, were 20 students in the 2nd and 3rd year at the NIMT vocational centre’s around the country.

Chief Sustainability Officer and Namsov Community Trust Administrator, Tuna Willem said that, it is a rare privilege to be a part of a team of people and organisation that has the heart of the development of its people as an equally important agenda as profits.

“We have a critical agenda that is driven by commercial and social value and the symbiotic relationship that exists between them,” she added.

According to Willem their focus this year is to strengthen the impact of their activities by the continued sharpening of engagement efforts with key stakeholders and partners in education.

“A role that us alone, government, nor private can achieve alone. We also want to hear from our young people. Your voice matters, we must hear you but must build and act together. Our efforts were not built overnight and our approach is collaboration driven by leadership insights. These are the values and characteristics we seek in partnerships and leadership for change,” she added.

“Young people, please remember that it is not the responsibility of this bursary, NIMT or anyone to make your life a success, despite these commitments being made. Our role as private sector and Government is to provide enabling environments such as these to assist you in realizing and releasing your potential. Your contribution, is discipline, hard work and commitment to yourself to succeed in your programme,” Willem said.

According to the company, to date their support has spanned the breadth of Namibia by way of proactive support or requests and whose support can be broadly defined as: Bursaries – N$13, 5 million; General Donation requests – N$4, 8 million; Educational Equipment – N$1, 8 million; Operation Support – N$275,000; Prize Giving & Awards – N$375,000 and Teachers Training – N$226,000.

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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.