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Plan your business, gain confidence, find finance, and then just start

Plan your business, gain confidence, find finance, and then just start

With Bärbel Kirchner at the helm as consulting Account Director, Team Namibia is cooking. In October the local business promoter completed a comprehensive 5-day training programme for existing SMEs and start-ups operating in Windhoek’s Katutura suburb, focussing on advanced planning in business.

With support from the Embassy of Finland, the training is geared to improve the skill of SME owners to improve economic sustainability.

The training resorts under the entrepreneurship development programme ifunded by the Embassy of Finland in partnership with Team Namibia.

Upon conclusion of the 5-day training, Team Namibia said “Business planning allows any aspiring business person to fine-tune and share his or her vision, and thus provide a direction to secure effective implementation of goals.”

“A business plan makes one think and scrutinize about how the business is planned, i.e. identifying the product or service, the target audience and related marketing strategies. An understanding of competitors in the market is important which should be reflected in any documented marketing research. Financial requirements to start up and secure growth of the business will be further clarified.”

Kirchner said “A business plan allows you to zoom in and focus. With a well-thought-out business plan, your idea for a product or service is examined with the help of observation of data and facts. A lot of thinking goes into a business plan, which is critical, and if done well, will also assist to attract the necessary financing.”

“Team Namibia is delighted to be able to support budding entrepreneurs in their business planning. Ultimately, self-employment and creating viable new businesses that provide job opportunities for other fellow Namibian, is the most sustainable way of tackling poverty and ensuring an economic sustainable future,” she continued.

Aspiring entrepreneur, Alweendo Shipopyeni agreed that entrepreneurial training is imperative for transformation, adding that he learned to select the best business ideas and draft a business plan accordingly.

Another trainee, Jenoline Gaogoses said she now knows how to start a proper business. Not only has the training improved her technical knowledge, it has also inspired her. “My mathematical skills have improved as we regularly do business calculations. I have also registered my baking business and l am courageous to be more creative in the baking industry,” she said.

Trainees Helena Shigweda, Matheus Shilamba, Angela Heinrich and Selma Nampila all share the same enthusiasm, commenting that empowerment comes from training and learning and that they are now much more confident to start drafting concrete plans for their businesses.

In the meantime, the trainees are supported through one-on-one coaching and mentoring until the next training module from 12 to 16 February 2018.


 

 

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.