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US govt’s PEPFAR small grants reach three community organisations in Kavango and Zambezi

US govt’s PEPFAR small grants reach three community organisations in Kavango and Zambezi

Three community organisations in the Kavango and Zambezi a week ago each received a one-year grant under the United States Government’s PEPFAR Small Grants scheme.

The presentation ceremony was held in Katima Mulilo where US Ambassador to Namibia, HE Lisa Johnson handed the grants to the beneficiaries. Each grant, worth US$23,000, will be used to conduct sexual health education programmes with young people between the ages of 13 and 35, to provide shelter to orphans and vulnerable children and food to HIV and TB patients at local clinics, and to engage young people aged 10-25 through targetted youth-friendly programmes.

The beneficiaries are Caprivi Hope for Life in the Zambezi region, Kavango Orphanage in Kavango East and Kavango Youth to Youth in Kavango West.

Ambassador Johnson said “The PEPFAR Small Grants Program specifically supports grassroots, community-run projects that mitigate the spread and impact of HIV/AIDS in their communities. The funds are often used to disseminate important HIV information to communities to ensure a broader understanding of the effect of HIV and the spectrum of populations that it can affect.”

The United States Embassy said that the PEPFAR programme funds two to four projects a year, with the average grant ranging between US$20,000 and US$25,000, for the duration of one year. The total annual budget is typically around US$100,000.

The 2019 PEPFAR Small Grants application period is currently open and focuses on organizations working on HIV prevention activities in key and priority populations, as well as adolescent boys and young men between the ages of 15 and 30.

Applications close on 31 January, 2019. Information is available at https://na.usembassy.gov/our-relationship/pepfar/.


Caption: United States Ambassador to Namibia, HE Lisa Johnson (second from right) with the recipients of this year’s PEPFAR funding to fight AIDS at community level, from the left, Sacky Joakim of Kavango Youth to Youth, Monika Shikupe from Kavango Orphanage and Victor Munsu of Caprivi Hope for Life (right).


 

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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.