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A shining light so that they always know where they are

A shining light so that they always know where they are

One hundred Grade 10 and 12 learners from the One Nation informal settlement who attend Augustineum Secondary school this week each received a solar lamp to make sure they can study in the evening for the last few remaining subjects in this year’s national examinations.

The school’s Principal, Mr Rudolf Mategu approached the FNB Foundation for assistance to help buy the lamps. The school hostel is under renovation and while this process continues, many learners who are forced to live in shelters without electricity, found they could not study in the evening.

“Most of the learners who received solar lights are from the One Nation informal settlement and I want to encourage all to study hard and make the most of the opportunity given to you today to improve your grades. ‘It takes a whole village to raise a child’, therefore it is not only the parents who can motivate the learners, but teachers and even corporates as well”, said Mr Matengu, when he received the donated lamps for FNB’s Corporate Social Investment Manager, Revonia Kahivere.

“It is always disheartening to receive news that a learner may not be able to achieve their academic goals because of physical barriers or limiting circumstances. Through the FNB Namibia Foundation Trust we bring hope to the communities,” said Kahivere.

At the donation ceremony, the Regional Education Planner in the Ministry of Education, Arts and Culture, Herald Tjahikika said that the ministry can not provide all the educational needs at every school so contributions from private sector partners are highly appreciated.

Kahivere echoed these sentiments saying that education is not the sole responsibility of the government. She quoted Madiba who said that education is the most powerful weapon to change the world.

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.