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Female entrepreneurs, professionals and other businesswomen join Lioness of Africa pack

Female entrepreneurs, professionals and other businesswomen join Lioness of Africa pack

Nedbank Namibia in partnership with the Lionesses of Africa organisation held a women entrepreneurs networking event in Windhoek last week.

Lionesses of Africa is a fast-growing network of women entrepreneurs with over 730,000 members across the continent. The event served to inspire the entrepreneurs and provided a great opportunity for business networking.

“Entrepreneurs are transforming our world and the way we live. It is well known that innovative minds are creating new businesses and jobs, growing wealth of global economies and sparking development change,” said Lionesses of Africa, Chief Executive, Melanie Hawken.

However, female leaders and entrepreneurs frequently face challenges, including a lack of female role models and mentors as well as lack of access to funding.

Also speaking at the event, Brit Du Plessis, Nedbank Head: Business Banking, said Nedbank is addressing these challenges and has tailored its service offering for the movers and shakers of the economy, business women and female entrepreneurs.

“Just as your drive and passion as entrepreneurs is unrivalled among your peers, our financial service offering stands out among our competitors,” she said, further outlining that business clients have access to a reliable mentor as well as streamlined and efficient services through a designated relationship banker.

Du Plessis emphasised that services, including education and retirement planning, PayToday and the Nedbank Techloan, open many doors for female entrepreneurs and business women.

“With the support system that the Lionesses of Africa provides and with the backing of a reliable financial institution like Nedbank, you have the power to promote sustainable change your community, your country and the world,” du Plessis said.

Participants also heard inspirational testimonies from the other guest speakers including Nangula Shejavali, the founder of Leading Edge Namibia, Sandra Mwiihangele, the founder and Chief Executive of Kiyomisandz and Melissa Mukaiwa, the founder of Just Breathe.

Nedbank Namibia served as an important partner for the event, rallying female Namibian leaders and welcoming them to this insightful, supportive and inspirational community. Participants were able to network and establish meaningful, professional relationships with peers from various sectors.


Caption: From the left, Nangula Shejavali, Co-founder of Leading Edge Management Consultants, Sandra Mwiihangele, Founder & CEO of Kiyomisandz, Britt du Plessis Head of Business Banking, Nedbank Namibia, Melanie Hawken, CEO of Lionesses in Africa and Melissa Mukaiwa, Founder of Nica Creative & Just Breathe.


 

About The Author

Mandisa Rasmeni

Mandisa Rasmeni has worked as reporter at the Economist for the past five years, first on the entertainment beat but now focussing more on community, social and health reporting. She is a born writer and is working on her degree in Journalism at the Namibia University of Science and Technology (NUST). She believes education is the greatest equalizer. She is the epitome of perseverance, having started as the newspaper's receptionist in 2013.

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.