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Programme to empower SMEs and entrepreneurs to be launched in August

Programme to empower SMEs and entrepreneurs to be launched in August

A programme to train and empower SMEs and entrepreneurs in the country, the Olafika SME Development and Mentorship Programme will be launched in Windhoek on 9 August.

The event will double as a book launch as well and the book, titled, ‘Successful Entrepreneurship’, will be unveiled.

The programme designed by entrepreneur, businesswoman and author, Ms. Twapewa Kadhikwa in partnership with the Namibia Diamond Trading Company (NDTC) will assist and guide those who are at the early stages of business to learn from and be guided by accomplished entrepreneurs.

Kadhikwa said Olafika, means, ‘The time is now’ and according to her the time has arrived for people to make that move in starting their entrepreneurial journey.

SMEs are the backbone of many economies in the world and this can be the same in Namibia if we build their capacities. The Government attaches great importance to facilitating the development of SMEs in equipping them to enhance their competitiveness,” she added.

Under the SME Development Mentorship Programme, accomplished entrepreneurs, professionals and academics render expert advice to SME owners, helping them lay a good foundation to develop their business, widen their exposure and expand business connections, thereby raising their competitiveness.

The programme will have an annual intake of five SMEs per region, culminating into 70 SMEs per year. NDTC believes that this is real economic empowerment and development.

The programme will cover topics that will include: Understanding entrepreneurship; Planning your business; Managing your finances; Managing your people; Marketing and Sales as well as Running your business.

The mentorship will take place over a 3-month period of intensive training and engagement and once completed, NDTC will host a graduation ceremony.

According to Kadhikwa post graduation, the NDTC will host the Olafika National SME expo leading to the Olafika National SME Awards where the SME of the year will be showcased to the Nation and the world. In order to ensure continuity and a culture of each one teach one, we will form the Olafika Alumni.

Meanwhile, the target audiences for the Programme are: Existing entrepreneurs willing to grow their businesses; family owned business owners; export focused SMEs; SMEs adding value to local raw materials; local emerging entrepreneurs.

Furthermore Kadhikwa said, mentorship is key in the development of any individual, especially when starting or growing a business. Mentorship provides the mentee an opportunity to learn from an experienced person who walks the journey with them towards success, she concluded.

About The Author

Musa Carter

Musa Carter is a long-standing freelance contributor to the editorial team and also an active reporter. He gathers and verifies factual information regarding stories through interviews, observation and research. For the digital Economist, he promotes targeted content through various social networking sites such as the Economist facebook page (/Nameconomist/) and Twitter.

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.