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Local bakery gets financial boost from Khomas Regional Council

Local bakery gets financial boost from Khomas Regional Council

CakesforNamibia owned by Jacky Coetzee is one of the recipients of an income generation grand, valued at N$42,136 from Khomas Regional Council, consisting of equipment which will be used to boost her baking initiative.

Jacky a previously disadvantaged woman is a small and medium entrepreneur owner operating in Windhoek and has been in the baking industry for 17 years, baking and selling custom decorated cakes in the domestic market.

She has developed and grown her business by branching out into creating and marketing a number of dried cake mixes with detailed instructions, which are sold to customers who want to bake the cakes for themselves, but may not have time to start from scratch and she also provides training for baking and decorating cakes.

Jacky said she is thankful for the grant and she and her team look forward to making an even bigger impact in the community through increased capacity brought about by the equipment.

“We will report back to the Khomas Regional Council, with all the successes that this grant will allow us to achieve,” she added.

Jacky’s Bakery also sources dates which are grown in the south to support the use of local products in the production process, making the company a member of Team Namibia, therefore regularly donating to institutions such as old age homes and kindergartens in the Windhoek Constituency.

Goods from the bakery are sold at the Grove Mall Spar and other retail outlets have also been approached.

The Khomas Regional Council, supports companies and individuals that they believe can and will make a difference in the community and through the grants help those that help themselves, therefore making Jacky’s Bakery a perfect example of the type of self starting small enterprise that empowers individuals and communities.


 

About The Author

Mandisa Rasmeni

Mandisa Rasmeni has worked as reporter at the Economist for the past five years, first on the entertainment beat but now focussing more on community, social and health reporting. She is a born writer and is working on her degree in Journalism at the Namibia University of Science and Technology (NUST). She believes education is the greatest equalizer. She is the epitome of perseverance, having started as the newspaper's receptionist in 2013.

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.