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Addventure pitchnight to provide entrepreneurs access to business support services

Addventure pitchnight to provide entrepreneurs access to business support services

The Deutsche Gesellschaft für Internationale Zusammenarbeit (GIZ) in collaboration with the Namibia University of Science and Technology’s FABlab and sponsorship rom Standard Bank and the City of Windhoek, will host the Addventure Pitch Night, on 8 March at 17:00 at the Warehouse Theatre.

Key industry stakeholders are expected to grace the occasion to witness a total of eight ventures compete in the pitching slots to possibly win the prize money of N$20,000.

“Addventure is a local adaptation with a twist of the internationally acclaimed ‘Dragon’s Den’ concept with it aiming to provide entrepreneurs access to business support services. The platform caters for start-up innovators and is expected to be an exciting event which will aim to introduce local innovative business start-ups to stakeholders who will offer business support service through access to funding and mentoring amongst other forms of support. This platform serves to connect emerging entrepreneurs and innovators to prospective investors, collaborators, fellow entrepreneurs and the general public,” said Kirstin Wiedow from FABlab.

The Pitch Night will be preceded by a Red Bull Amaphiko workshop hosting Siviwe Mbinda, a well-known South African entrepreneur. The event promises to be fun, highly energized and will once again showcase hidden gems of the Namibian entrepreneurial ecosystem.

Dennis Isaacs Head of Enterprise Banking at Standard Bank views Pitch Night as a great concept for bringing about innovative ideas that could otherwise solve societal challenges.

“It is a great opportunity for the bank, as we realize that we can potentially help these businesses become contributors of economic growth in Namibia. The bank does not just view entrepreneurs through a commercial lens, but sees a responsibility in actively supporting the business growth of existing and potential businesses,” Isaacs said.

Caption: Sindano Nekundi Corporate Marketing Manager at Standard Bank; Caroline Girard Technical Advisor at GIZ; Leonora Joodt Head of SME Development and Promotion at City of Windhoek and Dennis Isaacs Head of Enterprise Banking at Standard Bank.

About The Author

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


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.