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20th Northern Economist Businesswomen Conference set for August

20th Northern Economist Businesswomen Conference set for August

The 20th Northern Economist Businesswomen Conference was launched this week at the Telecom Namibia headquarters in Windhoek.

The conference will take place in Ongwediva on 8 August under the theme: ‘Creating Businesses Impacting Society and Leading with Purpose.’

Desere Lundon-Muller, Partner and Marketing Manager at Namibia Economist said the aim of the conference is to create an opportunity for women to share their expertise and skills, make new contacts, support one another and to create worthwhile business relationships whereby they can be held accountable for their regions.

“With in depth presentations and workshops covering topics vital to businesswomen in today’s market place, plus the conference is tailored to all women who want to increase their professionalism, job satisfaction, add value to their organisations and to encourage entrepreneurs,” she added.

Standard Bank Public Relations and Communications Manager at Standard Bank, Isack Hamata, said the empowerment of women has become the single most point of interest in terms of investment as they have become the biggest emerging market as well as talent pool to be tapped from.

“Our partnership with the Economist Businesswomen Conference is therefore precisely to afford women business people and entrepreneurs that platform to engage, interact, learn from each other, network and unlock the potential that will propel women to scale the highest heights of business and thus stimulate economic growth,” he added.

Standard Bank provided N$100,000 for the event, while other sponsors which include Telecom Namibia, provided approximately N$300,000 to the overall activities of the Namibia Businesswomen Projects.

Telecom Namibia’s Nomvula Kondombolo-Kambinda, Head of Corporate Communication and Public Relations said whenever various industries converge to help develop a specific sector or segment of society all parities involved walk away with a win and this event is one such win-win affair.

“Sometimes all an aspiring entrepreneur needs is some motivation from those who have walked the path before and I trust the event will be dominated by positive debates that would spark innovative ideas and that these ideas would be brought to life to help turnaround our economy,” she said,

Currently registration for the Conference has begun and the contact people in the North are, Phenny Kalumbu in Ondangwa at Good Hope Supermarket, Amalia Schmidt in Ongwediva at Makalani Real Estates and Tuyeni Mutota in Ohangwena.

Forms are also available at Standard Bank and Telecom branches in Oshakati and Ondangwa.


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.