Select Page

No more platoon schools – Namport commits more funding for classrooms

No more platoon schools – Namport commits more funding for classrooms

The Chief Executive of the Namibian Ports Authority, Mr Bisey /Uirab announced earlier this week that a further N$610,000 has been committed to the construction of four Module 4 classrooms at a project school in Walvis Bay. The funding is channelled through the Namport Social Investment Fund.

/Uirab spoke at the tenth anniversary of the fund held on Tuesday in Walvis Bay to highlight its social involvement since 2006, and to launch the fund’s new logo as part of its rebranding to reflect its key role in social investment.

The new round of funding is earmarked for a project school in the schoolyard of Immanuel Ruiters Primary School in Kuisebmond.

“It is my sincere hope that this is just the first step of many efforts to create the much needed capacity to accommodate more learners in the mornings, rather than for the young Namibian child to wait until 13:00 to go school due to space limitations at our schools. We will work with the said school to implement this project as soon as possible” stated /Uirab

“We are confident that this investment is one such initiative to completely do away with the current Platoon education system, as alluded to by the Inspector of Education, in the Erongo Directorate of Education, Walvis Bay Circuit, Madam Monica Gawises” he added.

Since the fund was incorporated in 2006, it has received N$25 million of which more than N$20 million has been spent on community projects with an additional N$380,895 pledged to similar projects. “We equally support all initiatives to uplift the quality of education through sponsoring the construction of classrooms and school halls as well as much needed learning instruments” he said.

The Namport Social Investment Fund assists Entrepreneurial and SME development, it supports primary health care projects, it promotes environmental stewardship, and it supports all categories of education by providing and improving infrastructure and by focussing on the quality of tuition, especially mathematics and science.

/Uirab also pointed out that more than thirty students are currently studying at tertiary institutions with the financial support of the Namport Bursaries and Study Assistance schemes for all its employees and young committed matriculants.

In addition, in 2015 Namport introduced the “Catch them Young” programme attracting children from previously disadvantaged and marginalized groups to enable them to attend schools offering maritime subjects. “We currently have six students in a specialised maritime school in Cape Town and three others are at the Cape Peninsula University of Technology after completing their high school in maritime studies” he said.

Mrs Adelaide Kandjala, Special Advisor to the Governor, said on behalf of Erongo Governor, Hon. Cleophas Mutjavikua, “Over the past 10 years the NSIF has spent 39% of their budget in the Erongo region for Corporate Social Investment initiatives. I have engaged the communities in the region and the good that Namport has done is praised in the streets. The fund has made a difference in the lives of the most disadvantaged in the region and the people sing its praises and everyone wants to work at Namport. This institution has made a mark in everyone’s minds and hearts.”


Pictured is the school choir of !Nara Primary School in Walvis Bay who entertained the guests at the anniversary celebrations.


 

 

About The Author

Mandisa Rasmeni

Mandisa Rasmeni has worked as reporter at the Economist for the past five years, first on the entertainment beat but now focussing more on community, social and health reporting. She is a born writer and is working on her degree in Journalism at the Namibia University of Science and Technology (NUST). She believes education is the greatest equalizer. She is the epitome of perseverance, having started as the newspaper's receptionist in 2013.

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.