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MTC, Standard Bank zoom in on grassroot talent – Launch Teen Inspirational Summit

MTC, Standard Bank zoom in on grassroot talent – Launch Teen Inspirational Summit

Mobile Telecommunications Limited (MTC) and Standard Bank Namibia this week launched the Teen Inspirational Summit, a summit that will focus on inspiring the young leaders of tomorrow.

The aim of the Teen Inspirational Summit is to engage the youth on inspirational topics, by their peers, and allowing them to realize their own dreams through inspiration. The event is themed “Connecting with Tomorrow’s Leaders.

The Teen Inspirational Summit will feature a diverse range of speakers and personalities from the continent such as, Nigerian YouTube comedian “Aunty Success” from the Mark Angel Comedy, Famous Guiness World Record and the youngest DJ in the world aged 3, DJ Arch Jnr from South Africa, Namibian Champion Debater Christian Prinsloo, Motivational speakers and Junior Mayot of Ongwediva, Rebekka Nghilaluwa, International motivational speaker and author, King Nahh from the USA and SA’s youngest motivational speaker, Kimberley Malope.

The event takes place at Safari Court Convention Centre in Windhoek on 9 March starting at 10h00. Tickets are on sale at Webtickets at a cost of N$100 per person only.

“We deliberately chose the theme, “Connecting with Tomorrow’s Leaders” because we are recognizing the role that youth play as agents of change and as critical actors in promoting insights towards a better world. And in doing so we light the path towards their greatness because the future belongs to the youth”, explained Tim Ekandjo, Chief Human Capital and Corporate Affairs Officer at MTC.

“I call upon the entire nation and especially agency and institutions charged with the sacred responsibility of nurturing the affairs of young people in the country to rally behind the Teen Summit by making sure that young people from across the country attend this summit,” added Ekandjo.

“In keeping with our motto of Moving Forward as underpin by our Corporate Social Investment Strategies, we are proud to partner with MTC on this inspirational event for its speaks the language of ensuring a legacy of sustainability – and what better way then to engage with tomorrow’s leaders today,” added Head Marketing and Communications at Standard Bank Namibia, Magreth Mengo.


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


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.