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Clausthaler promotional competition wins funding for Hope Village’s orphans

Clausthaler promotional competition wins funding for Hope Village’s orphans

A fun competition hosted by the Auas Valley Shopping Mall to promote a new product, turned out to be so popular that sixteen corporate teams entered. This week, the mall’s owner, Agra Ltd donated a substantial amount from the proceeds to Hope Village where abandoned, orphaned and vulnerable children find a loving and caring shelter.

At the end of March, Auas Valley organised a tournament for the new Clausthaler alcohol-free beer that has taken the world by storm. Clausthaler is marketed as having less than 0.5% alcohol but still with the great taste of an original beer.

This competition drew lots of attention among corporates with Indongo Toyota finally emerging as the winners. They were followed by Harley Davidson while Hartlief entered the best-dressed team.

The competition proceeds enabled Agra to contribute N$10,000 to the Hope Village’s charity work.

“While our walls and love give comfort and assurance to the children under our care, your donation goes a long way in ensuring these children go to sleep on a full stomach and play with enthusiasm from the energy of a meal you provided. They will attend school with happy faces, clean uniforms and play with tinkling hearts. It is greatly appreciated,” said Marietjie de Klerk, Founder of the Hope Village.

“In the [Hope Village] their basic needs for food, protection and accommodation are met but also their needs for love, affection, and security. We endeavour to help each child reach his or her full potential educationally, psychologically, emotionally and physically. We give them an opportunity to go to school, to do sport, to do arts and crafts. In this way, we want to help them to grow up and become productive members of society,” said de Klerk.


Caption: Coenie Potgieter, Tiaan Nel and Bianca Basson, all from Agra, presenting Marietjie de Klerk with a large donation for the Hope Village. The money was raised through a promotional competition hosted by the Auas Valley Shopping Mall.


 

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

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.