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Most Influential People of African Descent unveils 2019 new editions on the sidelines of the AU Summit

Most Influential People of African Descent unveils 2019 new editions on the sidelines of the AU Summit

Addis Ababa-The Executive team of the Most Influential People of African Descent (MIPAD),Thursday unveiled the special editions of the Most Influential 100 publications in support of the United Nations International Decade for People of African Descent.

MIPAD identifies high achievers of African descent in public and private sectors from all around the world as a progressive network of relevant actors to join together in the spirit of recognition, justice and development of Africa, its people on the continent and across its Diaspora.

As this decade is now officially recognized by the African Union Commission Diaspora Division, Citizens and Diaspora Organizations (CIDO), the launch of MIPAD new editions will take place on the sidelines of the 32nd Ordinary Summit of the African Union on Saturday, 9 February in Ethiopia.

Starting in 2019, in line with the first pillar of the UN decade; Recognition, MIPAD set to identify, recognise and connect Most Influential 100 personalities across new verticals, aside from Under 40 Edition, in support of the UN International Decade for People of African Descent.

The New MIPAD 100 Editions include : First Ladies Edition, Under 40 Edition, Law & Justice Edition, Payments & FinTech Edition, 4th Industrial Revolution Edition, Philanthropy Edition, Royalty Edition and Travel & Tourism Edition.

Speaking about the event, Eiman Kheir, Head of Diaspora Division in the Citizens and Diaspora directorate, said the AU considers the African Diaspora the sixth region of Africa due to the fact that it constitutes large number of people of African descent currently residing outside the continent.

As a partnership, the relationship seeks to realize how Africa and the diaspora can support each other. Recognizing the decade, is one way towards guaranteeing justice, recognition, anti-racism, and development to African persons across the world, and it is at the heart of what Africa can do to uphold the dignity of its People.

H.E Fatima Maada-Bio, First Lady of Sierra Leone, one of the headliners featured on the cover of the First Ladies Edition in a statement said, “I am a different first lady. My aim is not to score political points, but to let women know that they must not only be servants in the kitchen but also major players in the boosting of our economy.” She shared her appreciation of the work MIPAD is doing saying, “if we don’t celebrate ourselves, who else will?.”

In collaboration with MIPAD the Office of the First Lady of Sierra Leone has invited the Most Influential 100 and others in the Diaspora to Freetown for Independence Day and the Door of Return business, cultural and heritage tourism 25 April to 2 May in celebration of UNESCO 25th Anniversary of the Slave Route Project and recognition of the 400th Anniversary of the Transatlantic Slave Trade.

Since 2017, MIPAD has shed lights on the great achievements of the People of African Decent under 40 across the globe, working towards a positive narrative for the continent.

MIPAD has recognised over 400 high achievers of African Decent both in the public and private sector worldwide, pairing those based across the Diaspora with their counterparts inside Africa, across various verticals, and will be releasing the global 100 lists annually until 2024.


 

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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.