Select Page

Nedbank Kapana Cook-off winner uses platform to become entrepreneur

Nedbank Kapana Cook-off winner uses platform to become entrepreneur

Sakeus Kateya’s life changed when he entered and won the Nedbank Kapana Cook Off last year. Born and raised in the north, Kateya came to Windhoek after completing his secondary school to seek out a better life for himself.

Before winning the Nedbank competition, the 30 year old earned a modest income from selling goods from a shack in one of the informal settlements in the capital.

Winning the Nedbank Kapana Cook Off gave his business a much need boost thanks to the prizes he won as a result, this included a mobile food truck with built in electrical stove, freezer, fryer and grill to the value of N$100,000, a cash prize of N$10,000, a MeatMa shopping voucher to the value of N$5000 and SME development training sponsored by Nedbank.

Since winning last year, his Kapana business has picked up significantly, his Nedbank branded food truck has found a permanent spot in front of the Meatco premises in the Northern Industrial area.

Sakeus has been able to employ four people and was able to save enough money from his business to purchase a second mobile food truck trailer.

“Winning the Nedbank Kapana Cook Off last year has really changed my life, I am now able to provide for myself and my two children,” he said.

Sakeus encouraged others to enter the competition as it a life changing opportunity. “I would like to encourage others to join the competition as winning it can really change your life. My advice to those who enter is to perfect your skills, work hard and believe in yourself,” he concluded.

This year, the Nedbank Kapana Cook Off competition will host pre-rounds in the Oshakati, Gobabis, Walvis Bay and Windhoek during the months of June and July. The final will take place in August in the Northern town of Ongewdiva.

Entry forms for the official national cook-off competition are now available in all Nedbank branches. 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.

The first round of cook-off competition will kick off in Oshakati on 15 June.


 

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.