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Initiative addresses gender disparity

 (Left to right) Franklin Munigirua from the Media Institute for Southern Africa, Veronica de Klerk, director of WAD and Faith Chipare from the Media Institute for Southern Africa who participated at the first of 400 training sessions on gender related content. (Photograph by Johanna Absalom)Women Action for Development (WAD) has started a project which aims to address the marginalisation and discrimination of women.
WAD hosted the first training session on gender related content on 16 November under the theme, “My rights as a Namibian Woman and Namibian Citizen. Gender and Human Rights Awareness-raising for Namibian citizens.
This comes after the Delegation of the European Union to Namibia approved funding towards the project, which will be  implemented over a period of three years.
The initiative seek to contribute to a gender sensitive Namibian society where human rights are protected and women enjoy equal opportunities.
Veronica de Klerk, director of WAD, said that the workshop was born out of the desire of the organisation to make a difference, raise awareness on gender related laws and policies as part of ongoing efforts to address gender inequality in Namibia.
According to De Klerk, it is a well-known fact that the perception still exists that men are far more advanced than women in terms of levels of academic achievement, knowledge of their rights as well as knowledge of the functioning of State mechanisms, 21 years after Independence.
“This perception inevitably led, in the past and still to a large extent today, to a very unequal representation of the genders in job placements in the higher echelons of national and business activities, with women constituting the minority, not withstanding their majority in the country’s population,” she said.
A total of 400 training workshops will be conducted over three years, reaching close to 9 000 members from all sectors of society, including civil society, traditional authorities, spiritual leaders,  regional councils, the police, journalists, the judiciary and parliamentarians.
The project is carried out in collaboration with the University of Namibia, Legal Assistance Centre,
Ministry of Gender Equality & Child Welfare and the Konrad Adenauer Stiftung.

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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.