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Seven-a-side winners to get cash and bank accounts

This year, Bank Windhoek’s participation at the Windhoek Agriculture Show will be aimed at making a difference in the lives of some of the most financially excluded and under-banked members of Namibian society. The bank said it will host a Seven-a-Side Tournament for the farm workers of the farmers who will be exhibiting at the Windhoek Show.
The 300 farm workers that are expected to participate in the tournament will stand a chance to win the following prizes: The winning team will win N$1000 per player, the second team will win N$750 per player , and the third team will win N$500 per player.
The money will be deposited in a Bank Windhoek EasySave Account that will be opened for each player. The account can be opened at the nearest Bank Windhoek Branch of the farm at which the farm worker is employed.
“This is a good opportunity for farm workers who do not have bank accounts to open one and become active players in the financial sector. Bank Windhoek is committed to ensuring that we reach the targets set for financial inclusion in the Financial Sector Strategy which was launched in August 2012 by the Minister of Finance. We encourage all farmers and farm workers to participate in this tournament,” said Nora Ndopu, Communication Practitioner at Bank Windhoek.
The soccer tournament will start on Sunday, 30 September 2012 at the Bank Windhoek/Agra Ring Arena at the Windhoek Show grounds at 14:00 and will continue every evening from 19:00 to 21:00 from 1 to 4 October.  The finals will be held on Thursday, 4 October at 19h00.
Bank Windhoek will also be sponsoring a 6-bar show jumping competition to the value of N$10,000, taking place on Saturday 29 September at the Bank Windhoek/Agra Ring Arena starting at 17:00.
Bank Windhoek staff members at the stall in the Main Hall will provide information on the Bank’s low-cost, easy to open and easy to maintain account, the EasySave transaction account.

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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.