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Millions needed by football fraternity to fulfil international commitments

Millions needed by football fraternity to fulfil international commitments

The Namibia Football Association (NFA) requires more than N$12 million to continue participation in international competitions from now until end of March 2018 and has called on corporate world to come to their aid, according to the football associations website, this week.

NFA said that given the current financial situation in Namibia, the NFA is not immune and after an Executive Committee meeting held on the sidelines of the 2017 Skorpion Zinc Under-17 Cup over last weekend, NFA President Frans Mbidi revealed that NFA will need funds to fulfill their international obligations.

Times are tough now and we appeal to corporate Namibia to assist the NFA to prepare the Brave Warriors for Kenya 2018 CHAN Finals as well as all other National teams’ participation in international events for the same period. It will be irresponsible for us not to share our plight with Corporate Namibia and general public and hence this public statement,” Mbidi said.

The Executive Committee also decided to accelerate players’ development by setting up youth leagues in all regions.

Youth Leagues should also now be reactivated in all the 14 Football Regions and encourage youth development activities at constituency levels. The constituency Councilors should be engaged to render both financial and material support to these young players. At constituency level, players should be motivated by the chances of being selected to represent the region at national competitions and eventually being selected to represent one’s country at international events. Subsequent to all these, lucrative playing careers could be realized either on the continent or overseas , the NFA President said.

The Executive Committee is also considering limiting the age of players in the regional second divisions to 23 years old to allow more player development.

This will allow youth players to develop fully and by so doing benefit the national teams. Consideration will be however be given to clubs to allow an acceptable number of over aged players per team, for example five players on the team register for any given season, while only three players could be allowed to play in any given match” concludes Mbidi.

The Namibia Football Association’s 27th Ordinary Congress will be held on be held on 30 September at the Nest Hotel in Luderitz to discuss the State of the Association Report, Audited Financial and Report and Budget.

About The Author

Sport Contributor

The Economist does not have a dedicated sport reporter. This designation is used for several contributors who want their sport stories in the Economist. Experience has taught us that companies usually want their sport sponsorships published prominently, being the reason for a sports category. It now also carries general sport items but only those with direct Namibian relevance. - 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.