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Practising and prospective lawyers awarded for academic and legal excellence

Practising and prospective lawyers awarded for academic and legal excellence

Law student, Stephanie Busch, recently received an award for her academic achievements in 2017 at the UNAM Justice Training Centre where she scored an average of 72% for all eleven subjects. Vilho Kadumo Mbangu received the award for the best final-year LLB student, also at UNAM, with an average mark of 71%.

These awards for academic excellence are conferred every year by the Judge JP Karuaihe Trust, to recognise the students’ achievements, and to honour the memory of Judge Fonnie Karuaihe who died in a car accident almost twenty years ago.

The awards ceremony is held in conjunction with the Law Society of Namibia and usually takes place on the same day when the members of the society meet for their Annual General Meeting. This creates an opportunity for lawyers to meet their future colleagues coming from the ranks of the law students.

At the same event, the Law Society awards its own members for legal excellence. This year Metcalfe Attorneys received the Social Responsibility award, accepted by Florian Beukes on behalf of the law firm. No award was named in the category ‘Human Rights.’

All awards were presented by the Law Society’s chairperson, Meyer van den Berg, assisted by Ngamane Karuaihe-Upi.

After the awards ceremony, the Director of the Law Society, Retha Steinmann, commented “The Law Society of Namibia congratulates the JPK Trust with its 19th Anniversary and wishes the JPK Trust much success with their future endeavours. The Law Society trusts that their commitment to providing bursaries to deserving candidates to study law and honouring achievements will go from strength to strength and that the Law Society and the JPK Trust will have a long and fruitful relationship.”


Caption: Awarded for academic and legal excellence, from the left, Stefanie Busch (Best 2017 JTC student), Meyer van den Berg (Law Society chairperson), Saima Nambinga (Law Society vice chairperson), Umbi Karuaihe-Upi (JPK Trust trustee), Ramon Maasdorp (former Law Society chairperson), Ngamane Karuaihe-Upi (trustee), and Florian Beukes (Metcalfe Attorneys). Vilho Mbangu was writing an examination at the time of the awards ceremony.


 

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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.