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Bankers Association concludes 2018 ‘Shake-A-Tin’ initiative

Bankers Association concludes 2018 ‘Shake-A-Tin’ initiative

The Bankers Association of Namibia (BAN) concluded its 2018 Wellness Initiative “Shake-a-Tin” with a formal handover at Fidel Castro Ruz Primary School in Windhoek, earlier this week.

BAN comprises of the major banking institutions in Namibia, namely; Bank Windhoek, Standard Bank, Nedbank, First National Bank, Letshego Bank and Bank Bic.

This year BAN, with the assistance of ‘Writers of Hope’, combined forces to collect stationery and school gear from staff and their customers in an effort to support under-privileged schools around the country.

“Education has been highlighted as one of the most important investments we can make in nation building. BAN is proud to be able to step up and support selected schools with much needed donations,” said BAN’s Public Relations sub-committee chairperson, Jacquiline Pack.

The national project commenced on 24 January and culminated in a street collection at various intersections during morning traffic in Windhoek on 22 February. Additional stationery items were purchased with the money collected. Collectively, BAN members collected N$36,000 and three thousand kilograms of stationery items. Each member bank chose schools countrywide to donate the stationery to.

Fidel Castro Ruz Primary School in Babylon informal settlement in Windhoek is just one of 39 schools countrywide that was identified as a recipient for the donations.

“Being situated in an informal settlement and receiving such a generous donation came as a surprise. It is beyond what I have dreamt of for this ‘school of progress’. You have made a mark in our children’s lives and there is indeed hope for a brighter tomorrow. Our heartfelt gratitude goes out to all BAN’s members. Thank you very much,” the school principal, Ndapandula Shilyomunhu said at the handover on Thursday.

Established in 1997, BAN, has dedicated itself to making a difference on issues of common interest and relevant to the banking and social sector, such as supporting worthy and socially uplifting causes in a non-competitive environment where small, collective contributions have the potential to make a huge impact.

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.