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A journey is not straightforward but ever changing – Afra Schimming-Chase

A journey is not straightforward but ever changing – Afra Schimming-Chase

The Economist Businesswomen Club last week was graced by Afra Schimming-Chase, owner of Chase and Associates CC, as the guest speaker at a networking breakfast.

Schimming-Chase encouraged the club members at the meeting to be financial independence, were she presented the topic: ‘Lessons of Financial Emancipation and Risk-management for Women: A journey that is not straightforward and ever-changing’.

She spurred the ladies to take action and have those uncomfortable conversations about their finances to seek solutions, to make sure they ensure their help first and their life second, because women live longer.

“Create a lifetime of income, while you do what you live, have divers sources of income and not just divers asset, because when you see your money’s purpose, it knows where to go and create business that can do well without us having to be present daily,” she emphasised.

She advised women to have a financial role model even if you do not know that person, research on them and find out how they made their money and the hurdles they faced while making their money.

“It is very important to surround yourself with people who are better than you, so that you can learn form them and grow, do not be a big fish in a small pond,” she added.

Schimming-Chase said most of the time women live longer than men therefore, because they are the stronger sex, even though they are paid less, they need to plan for a single life.

“We as women are very good at multi-tasking therefore, to make sure you do not wast your time on unnecessary things, do not manage your time, but manage your priorities and always live in a space of gratitude,” she concluded.

Sponsored by Telecom Namibia, the Economist Businesswomen Club provides a forum for the exchange of ideas and expertise, through planned networking. It aims to encourage the personal development and management skills of its members and to advance the standing and power of women.


Caption: (From left to right) Desere Lundon-Muller, Marketing Manager at the Economist, Afra Schimming-Chase, owner of Chase and Associates CC, Sophia Egelser, Coordinator: Accounts Manager: Corporate Sales at Telecom Namibia and Nangula Kauluma, Namibian Businesswoman of the Year 2017.


 

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.