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Training deal for all entrepreneurs slated for September

Training deal for all entrepreneurs slated for September

Bank Windhoek in collaboration with the Namibia University of Science and Technology (NUST), through the Centre for Enterprise Development will host local entrepreneurs and small and medium enterprises (SME) for a start-up and SME seminar based on business models.

The seminars will be facilitated by internationally recognised industry expert based at Credit Suisse in London, Greg Collett. He has been with Credit Suisse Group for 17 years and heads the Custom Solutions Group, a specialist team that works with fund managers to provide advice on the investment process.

“The start-up and SME seminar is ideal for all entrepreneurs who want to start or grow their businesses further. The seminar will focus on how entrepreneurs can develop their business model and make it relevant for their customers. It will also place emphasis on business finances and how entrepreneurs can align their finances with their business model,” said NUST’s SME Development Officer from the Centre for Enterprise Development (CED), Helena Ilovu.

The seminars will take place in Windhoek, Ongwediva, Rundu and Walvis Bay in September 2018 on the following dates: Windhoek (10 September); Walvis Bay, (12 September); Ongwediva, (17 September) and Rundu (19 September).

“This is the ideal opportunity to showcase how such partnerships can equip entrepreneurs to flourish. We hope that all the participant at these events are able to implement their learning and thrive in their businesses,” said Bank Windhoek’s Sponsorship and Events Coordinator, Suzette January.


Caption: from left to right, NUST’s International Relations Officer, Nico Smit flanked by her colleague, SME Development Officer from the Centre for Enterprise Development, Helena IIovu and Bank Windhoek’s Coordinator of Sponsorships and Events, Suzette January.


About The Author

Donald Matthys

Donald Matthys has been part of the media fraternity since 2015. He has been working at the Namibia Economist for the past three years mainly covering business, tourism and agriculture. Donald occasionally refers to himself as a theatre maker and has staged two theatre plays so far. Follow him on twitter at @zuleitmatthys

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.