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Learners at Dr. Fischer Primary School receive beds for a better night’s sleep

Learners at Dr. Fischer Primary School receive beds for a better night’s sleep

The Dr. Fischer Primary School at the Aminuis Reserve, in the Omaheke Region received beds from Hangana Seafood and Escalate Investments respectively last week.

The 200 mattresses donated by Hangana Seafood complement the 200 beds donated by Escalate Investment which were officially handed over to the school by the Prime Minister, Hon. Saara Kuugongelwa-Amadhila.

The donation was a response to the need for a healthier and more stable environment at the school hostel, and will contribute to a better night’s sleep for the learners, and a more conducive learning environment.

Delivering the keynote address at the handing over ceremony, Kuugongelwa-Amadhila stressed that schools need to be adequately resourced in order for effective learning to take place.

She also expressed appreciation that some schools have to operate with less than what they need, but stressed that much more can be achieved with the resources available, and that the dismal performance of some schools cannot be explained away by arguments of inadequate resources.

“The government will, however, continue to strengthen funding to schools and improve the targeting and utilization of such funds to achieve more results from our limited resources. In this regard, I wish to applaud our private sector partners, Escalate Investments and the O&L Group for their generous donations to this school. Corporate social responsibility has become more important now more than ever, given the limited resources available to Government to deal with the unyielding challenges facing our country, including in the education sector. I encourage the rest of our corporate sector to follow this good example of trying to meet Government half way so that we can pick up speed in reaching all our people with essential services, bearing in mind that an investment into our communities is an investment in the future of our country and is thus an investment in all of us and not a form of charity to the individual recipient communities,” she said.

The O&L Group Manager: Corporate Relations, Patricia Hoeksema who handed over the mattresses on behalf of Hangana Seafood emphasized on the O&L Group’s comprehensive Corporate Social Responsibility (CSR) strategy that sees the Group investing extensively into community upliftment throughout Namibia, with particular focus on education, support to children from marginalized communities, people with disabilities, and orphaned and vulnerable children.

In addition to contributing to these initiatives, Hangana Seafood directly supports various charities and rural communities which benefit from fish donations on a regular basis.

“Our immediate response to support the Dr. Fischer Primary School sponsorship request, is to improve the living conditions of the children in the hostel. We are optimistic that this humble contribution of 200 mattresses valued at close to N$120,000 will encourage the children to enjoy school and study hard, and do great in further enhancing their education to make greater contributions to our economy and country,” Hoeksema added.


Caption: – F.L.T.R – O&L Group Manager: Corporate Relations, Patricia Hoeksema; Permanent Secretary – Ministry of Education, Arts and Culture, Sanet Steenkamp; Governor of the Omaheke region, Hon. Festus Ueitele; Director – Escalate Investments, Meriam Onesmus; Peter Kazongominja – Councilor of the Aminus Constituency; Prime Minister, Right Hon. Saara Kuugongelwa-Amadhila; Minister of Fisheries and Marine Resources, Bernard Esau, and the acting school principal.


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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.