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Club seeks to promote yachting

Peter Davidson, treasurer of the Walvis Bay Yacht Club. (Photograph by Clemencia Jacobs)In a bit to promote yachting amongst young people, the Walvis Bay Yacht Club has formed a partnership with the Walvis Bay International School through which children between the ages of  five and 18 will participate in various championships.
According to Peter Davidson, treasurer of the Walvis Bay Yacht Club, the club got involved in the partnership in order to promote the sport and to ensure that young people take an interest in yachting.
“We would like to get junior sailing on the go. As part of this, we will have some students from South Africa participating in competitions during December,” Davidson told the Economist.
The club will host various events throughout December including the Opening Sail Competition on the 17th and the Bell Boy Race on the 18th. The Junior Leisure Championship will also take place on 18 and 19 December; while the Senior Leisure Championships will be held from 27 to 29 December. The Hobie 16 Championship will take place on 26 December from Walvis Bay to Swakopmund.
The Walvis Bay Yacht Club was inaugurated in 1961 and celebrated its 50th anniversary this year. Its objective is to encourage amateur yacht sailing and the operation of sea-going motor yachts in Walvis Bay and adjacent waters. The club currently has 300 members and is open for all with an interest in sailing to join.
“The club is open for membership, anyone can join us. Our long term plans include growing the club’s membership. Other plans include getting a longer term lease in order for us to be able to improve facilities at the club. We are looking to build three more garages at the club which our members can use to store their boats and we will also offer sailing courses,” Davidson said.
Although the club receives support from the business sector, it also has a fully-fledged restaurant through which it raises funds for the club’s activities. It is open to the public and offers a view of the Walvis Bay lagoon and harbour area and a very sumptuous menu.
The competitions which will be held during the course of this month are sponsored by Schoemans, Neo Paints and Hemco Paints.

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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.