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Entrepreneurship Regional Workshop set for June

Entrepreneurship Regional Workshop set for June

The Student Entrepreneurs Programme (SEP) which was held this week in Windhoek brought together officials from all 14 regions to discuss the Entrepreneurship Regional Workshop which is planned to take place in June 2017.

The Minister of Higher Education, Training and Innovation, Deputy Minister, Dr Becky Joze-Ojo who was present said that the purpose of the meeting was to inform the Governors about the envisaged regional entrepreneurship workshop as well as to solicit input from them and encourage more involvement in the initiative.

According to Joze-Ojo, the aim of the Regional workshop is to provide quality and equitable tertiary education and exposure to tertiary students and trainees from accredited institutions.

This will be done as part of an integral part of the Harambee Initiative under the Ministry of Higher Education, Training and Innovation (MHETI) to curb rural-urban migration, she said.

The deputy minister said it involves the propagation of entrepreneurial instruction to explore business opportunities to be turned into business ventures in the regions where rural-urban migration is more likely to occur.

While developing business ideas alone is not enough, Joze-Ojo said that a business culture and the desire among students/trainees to become job creators as opposed to job seekers helps mitigate the escalating high unemployment rate among graduates from tertiary institutions and stimulate regional economic growth.

At the meeting the governors identified the key challenges hindering the graduates to become entrepreneurs at their respective regions and discussed how to overcome them through entrepreneurship workshops and mutual support from the communities they live in.

The governors also applauded the Ministry for coming up with entrepreneurship programme initiatives. The Ministry Deputy Permanent, Dr. Raimo Naanda underscored the importance to engage the Government Regional leadership for transparency and inclusivity to be maintained.

About The Author

Freeman Ngulu

Freeman Ngulu is an Entrepreneur, into data journalism and is an aspiring content marketer. He tweets @hobameteorite.

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.