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Training Clinic for athletes and coaches to be held in Windhoek and Swakopmund

Training Clinic for athletes and coaches to be held in Windhoek and Swakopmund

By Linda Machinga

The 2018 Bank Windhoek and Marathon Sugar Training Clinic for athletes and coaches will be held in Windhoek from 6 to 7 September and in Swakopmund from 10 to 11 September.

Top South African coaches, Charley Sthormenger and Lynly de Beer will conduct the coaching clinics.

According to the organisers the purpose of the clinics is to empower all coaches countrywide to work with athletes at ground level, transfer their knowledge, discover new talent and develop athletes so that they compete on national level.

While athletes and coaches are trained over a two day period in each town, the Coaches Forum presented by the Namibia National Olympic Committee, will be held specifically for coaches, parents and teachers on 8 September at Sport Klub Windhoek (SKW). International coach Ans Botha will give a special presentation at this forum.

Meanwhile, the training clinics which were presented by the late Quinton Steels Botes, still continue and is made possible with the generous support of sponsors Bank Windhoek, Marathon Sugar and Coca Cola.

The clinics are presented in various regions of Namibia. In 2016 it was presented in the Northern region, in 2017 and this year it will take place in the Erongo region.


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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.