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Social Security hands out bursaries, study loans

Social Security hands out bursaries, study loans

The Social Security Commission (SSC) recently handed over bursaries and study loans under the SSC’s Development Fund.

Milka Mungunda, Executive Officer of the Social Security Commission said the study aid initiative is not merely a marketing strategy by the commission, but a sincere endeavor to ease the financial burden on the recipients and their families.

Dr. David Uirab, Chairman of the Commission said the overall impact of the initiative over a period of 11 years have bee the market supply of 251 skilled graduates in the fields of agriculture, engineering, medicine, vocational training ans social work.

“A commitment such as this towards the development of the future workforce will go down the archives of active labour market interventions as a gesture of kindness and is enough to considerably reduce inter-generational poverty for these beneficiaries,” he added.

He also highlighted how the social protection landscape in Namibia is grossly fragmented, which as a whole affects the cost and capacity to deliver social security service.

“We are taking a leading role in a dialogue which may lead to the consolidation of the fragmented social security schemes into robust, comprehensive and coherent national schemes under SSC,” he emphasised.

Ntelamo Ntelamo a Commissioner at SSC said it should be understood that the Commission is not only about the awarding of bursaries and study loans, but it is an appropriate mean through which the Government, public institutions and the private sector could transmit ideas for implementation in the years to come.

“We are poised to continue with this noble intervention for years to come, in the quest of nurturing the lives of deserving beneficiaries, and we hold a deep belief that through education it is possible to shape the lives of many Namibians for a better future,” he concluded.


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


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.