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Local politician, Nghidinwa passed away

Local politician, Nghidinwa passed away

Long serving politician and former Minister of Gender Equality and Child Welfare, Rosalia Nghidinwa has passed away on Sunday.

The late Nghidinwa served as Deputy Minister of Labour from 2000 to 2005, Minister of Home Affairs and Immigration from 2005 to 2012, having been re-elected to the National Assembly in 2010. She later moved on to become the Minister of Gender Equality and Child Welfare since December 2012 until 2015 when she left Parliament.

“As a parliamentarian, she had a strong commitment towards ccommunity development programmes in rural areas and improving the welfare of vulnerable groups including elderly citizens, woman and children,” Speaker of the National Assembly, Peter Katjavivi said.

Born 26 October 1952, in Nkurenkuru, Kavango West Region, Nghidinwa was a long serving member of SWAPO, having joined SWAPO in 1974 and spent many years in exile.

She was a health practitioner by profession and an active member of the Evangelical Lutheran Church in Namibia (ELCIN), who served on the Church’s governing council from 1991 to 1996 and through the years, ran several community health centres within Okavango for the ELCIN Church.

“On behalf of the National Assembly of the Republic of Namibia, I hereby join the family and friends of Comrade Rosalia Nghidinwa and the rest of the country, in expressing our deep felt sympathy and condolences at her untimely passing,” Katjavivi said.


 

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Donald Matthys

Donald Matthys has been part of the media fraternity since 2015. He has been working at the Namibia Economist for the past three years mainly covering business, tourism and agriculture. Donald occasionally refers to himself as a theatre maker and has staged two theatre plays so far. Follow him on twitter at @zuleitmatthys

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.