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Solar Age Namibia sponsors Volleyball Tournament

Every year the Namibian Volleyball Federation (NVF) starts its Indoor Volleyball season with the Doc Tournament in Walvis Bay. This year the famous Solar Age Namibia is the sponsor of this event.
Solar Age Namibia has just finished the ecological future oriented 3.5 million solar project on the roof of the Ministry of Environment and Tourism buildings, but is also helping the low budget farmers in the remote areas with small solar plants for basic supply of electricity.
The Solar Age Namibia Doc Tournament will take place on Saturday 30 and Sunday 31 March 2013 at the Walvis Bay Municipality Sports Grounds. This is an open tournament, so any men or women’s team can register and participate in this competition regardless of whether the team or players are registered with the Namibian Volleyball Federation.
The competition is aimed at encouraging all volleyball players and fans from all walks of life to participate in an volleyball competition. Tournament Director, Mr Wolfgang Leyerer, however pointed out, that the games are played according to official  volleyball rules. The entry fee of only N$500 per team is payable to the NVF on or before the closing date for entries which is Wednesday 20 March 2013 at 18:00.
With the financial support of Sponsor Solar Age Namibia, some prize money will be up for grabs for the winners and the two runners-up of the competition, who also will receive medals. To reward good performance of the individual players, extra trophies and prices will be awarded  for  the best spiker, the best libero, or the best youth player (under 19) in the ladies and men’s category.

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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.