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Nedbank launches Kapana Cook-off competition

Nedbank launches Kapana Cook-off competition

For the fifth year in a row, Nedbank Namibia will host the “Kapana Cook Off” in search of Namibia’s best Kapana varieties.

To mark the launch of this celebrated competition, Nedbank together with its partners, Namib Mills, Meatco and Pick ‘n Pay, hosted 15 media teams last week.

The Touch FM team was crowned as the overall winner with Base FM awarded as the best dressed team. NAMPA received the prize for best team spirit. The media houses entered teams of two.

“We could not think of a better way to kick off our national cook-off competition than hosting a teaser event for the local media fraternity,” said Gernot de Klerk, Head of Marketing and Communication at Nedbank.

The judging was done by the Namibia Chefs Association (NCA) who placed emphasis on: hygiene, presentation and taste. Local journalists were challenged to put their best foot forward, in the hope of scooping up the Media Kapana Champion title.

The Nedbank Kapana Cook Off competition will host rounds in the Oshakati, Gobabis, Walvis Bay and Windhoek during the months of June and July, with the final being held in Ongwediva in August.

Entry forms for the official national cook-off competition is now available in all Nedbank branches. “If you think you have what it takes to become the next Nedbank Kapana Cook-off Champion, complete and return your entry forms to your Nedbank branch,” encourages De Klerk.

“The national winner will be awarded with an opportunity to formalise their trade with a fully-fledged Kapana container shop as well as a Nedbank bank account with a N$15,000-cash balance. Additionally, Nedbank provides access to skill building through an SME mentorship programme,” explains De Klerk.

The first cook-off competition will kick off in Oshakati on 15 June and more information about the official competition schedule will be released soon.


 

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.