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Telecom believes in empowerment

Telecom’s Senior Manager of Corporate Communications and Public Relations, Oiva Angula,  Businesswoman of the Year 2010 and also Managing Partner and Director of PricewaterhouseCoopers, Nangula Uaandja, guest speaker Edward Ward and Chairperson of the Economist Businesswomen Projects, Desere Lundon-Muller at the networking breakfast held last week Friday. (Photograph by Melba Chipepo).

Telecom’s Senior Manager of Corporate Communications and Public Relations, Oiva Angula, Businesswoman of the Year 2010 and also Managing Partner and Director of PricewaterhouseCoopers, Nangula Uaandja, guest speaker Edward Ward and Chairperson of the Economist Businesswomen Projects, Desere Lundon-Muller at the networking breakfast held last week Friday. (Photograph by Melba Chipepo).

Telecom Namibia announced its commitment to continue sponsoring the Economist Businesswomen Projects for the next three years at the first breakfast meeting attended by about 120 businesswomen and female professionals, organised by the Economist Businesswomen Club in Windhoek last Friday.

Senior Manager of Corporate Communications and Public Relations, Oiva Angula, said the financial sponsorship of over N$207,000 is in line with its continuing support of initiatives that sustain community development, a core component of the company’s corporate social responsibility mandate in order to contribute positively through active participation in the growth and development of the country.
Angula said Telecom Namibia’s support for these women initiatives further enhances the company’s already strong position in Namibian society and demonstrates its support to enhance women’s capacity and empower them to fully participate in the social and economic spheres of society.
“Though women need capital for their businesses, it is important to empower them through skills training and mentoring programmes for by doing so they will be able to face their day to day challenges in their life and the community they live with,” Angula said.
He said that part of the funds will be used to host the upcoming Namibian Businesswoman of the Year Award slated for later this year. The initiative is a unique programme which recognises the work of high achieving women across a variety of fields. “For the past years, the programme has been recognising, rewarding and celebrating the achievements of inspirational Namibian women who have pushed the boundaries and dared to dream.”
This year’s award will be held under the patronage of Nangula Uaandja, winner of the Businesswomen of the Year 2010 award, and also Managing Partner and Director of PricewaterhouseCoopers Namibia. Other activities to be funded under the sponsorship are the popular Northern Businesswomen Conference slated for August this year in Ongwediva, as well as the Katuka Mentorship Programme that kicked off two weeks ago with 40 mentees and mentors.
Over and above the sponsorship, Angula said that Telecom has committed itself to provide a bursary each year towards the education of a deserving female to study at a recognised institution as a way of empowering women to take up positions of responsibility in society.  “At Telecom Namibia, our belief regarding the empowerment of women is simple: stronger women make stronger communities. We understand that creating economic opportunities for women is one of the wisest investments we can make because women take their successes and generate further growth and advancement for their families, communities, professions, and businesses. Investing in expanded economic opportunities for women carries a powerful multiplier effect that benefits all of society,” he said.
The screening and selection process for the bursary fund will still be done by the Selection Committee chaired by Prof Agnes van Dyk. The only change is that this will now be known as the Telecom Namibian Businesswomen Bursary Fund,” Angula explained.

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Following reverse listing, public can now acquire shareholding in Paratus Namibia

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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.