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School-going girls from Kavango East to benefit from sanitary wear donation

School-going girls from Kavango East to benefit from sanitary wear donation

By Linda Machinga

The Blue bankers at Standard Bank Rundu, together with the Pebbles Foundation’s ‘Pebble Campaign’, this week donated sanitary wear to Elias Neromba Secondary School in the Kavango East Region.

The Pebbles foundation is a non-profit organisation which seeks to uplift previously disadvantaged communities. The campaign specifically works to provide sanitary pads to school-going girls from disadvantaged communities.

The campaign raised funds and purchased sanitary towels and tampons for those learners who can not attend school due to the fact that they can not afford sanitary wear during their monthly cycle.

“The Pebbles Campaign is one that is really close to my heart, because I know that girls are the leaders of tomorrow, we need to empower them in every way possible to ensure that they receive a good education so they can reach their full potential,” said Standard Bank Rundu Branch Manager, Muahala Ya-Kalimbo.

Although they only managed to donate a box and a half (200 individual pads), Ya-Kalimbo said they were eager to join forces with the foundation again next year.

“Our motto is that Namibia is our home, we drive her grown, what better way is the to drive that growth than by empower her future leaders? I urge everyone to dig deep and really help this worthy cause as we will continue to do,” she added.


 

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

Promotion

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.