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Project unlocks opportunities for women

 (Left to right - standing) Gerson Kamatuka, deputy mayor of Windhoek, Pam Kinghorn, director of Beautiful Kidz Centre, Riaan van Rooyen, head of corporate communications and social investment at Bank Windhoek and Philladelphia Tsoaes (seated), one of the 15 ladies working for Anusa. (Photograph by Johanna Absalom)Recognising that unemployment is one of the leading cause of poverty, which severely affects children, the Beautiful Kidz Centre operating in Katutura has extended its community outreach initiatives and is currently working on an ambitious project, “Anusa” to empower  previously disadvantaged women and help them earn an income. Anusa means “worthy” in Damara/Nama.
Jennieke Blier who heads the Anusa project, said that it provides full time work for ladies whose families are living in poverty.
At present, about 15 women have been trained and are now employed at the tailoring project.
According to Pam Kinghorn, director of the Beautiful Kidz Centre, the project is in full swing with eight of the 15 women employed on a full time basis.
“Anusa aims to uplift the community by establishing a self-sustaining needlework business which creates jobs and offers quality school uniforms to the community,” Kinghorn said.
In its quest to address poverty and unemployment in previously disadvantaged communities, Bank Windhoek this week donated N$80 000 to the Beautiful Kidz Centre. The funds will be used to purchase the needed equipment for Anusa.
Blier commended Bank Windhoek for their support. “Without their help we would not have been able to get going in order to manufacture uniforms for the new school year,” she said.
“We see that Anusa empowers the caregivers in our community, restores their dignity and enable them to provide for their families,” Blier added.
Beautiful Kidz is a day care facility which provides care and support to vulnerable children and their families.
At present, about 85 children are benefiting from the care centre and another 230 from the after school programme. Programme activities include homework classes, computer classes and holiday school.

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Following reverse listing, public can now acquire shareholding in Paratus Namibia

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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.