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Women, girls continue to be less engaged and under-represented in technology and innovation – Tax

Women, girls continue to be less engaged and under-represented in technology and innovation – Tax

The state of women participation in innovation and science globally and in the Southern African Development Community (SADC) region remain low, according to SADC Executive Secretary, Stergomena Lawrence Tax.

Ahead of the International Women’s Day celebrations on Friday Tax in a statement said women and girls continue to be less engaged and under-represented in technology and innovation.

“This creates a missed opportunity in terms of their influence and ideas in transforming the society,” she added.

According to Tax, through a number of instruments, SADC recognizes gender equality and development as an essential part of regional integration.

“As we commemorate the International Women’s Day, we call upon SADC Member States to intensify efforts towards advancing gender equality, and the empowerment of women and girls,” she said.

The approval of SADC Charter on Women in Science, Engineering and Technology in 2017 was a significant step in ensuring women and girls’ participation in science and technology, she added.

Tax said SADC continues to advocate for the full engagement of women and girls in issues relating to innovation and technology and for the gender-responsive approach to innovation.

Meanwhile, this year’s International Women’s Day across the world will be commemorated under the theme; “Think Equal, Build Smart, Innovate for Change”, which will recognizes the role of innovation in advancing gender equality and the empowerment of all women and girls.


 

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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.