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Bank Windhoek launches new website

Bank Windhoek's new websiteBank Windhoek recently launched and introduced its new website to the public.
The new Bank Windhoek website has additional features such as the tab for personal banking and a tab for business and corporate banking, providing important information to the bank’s clients. “After many months of hard work, the public can look forward to the advanced Bank Windhoek website which is more user-friendly and has more information on the Bank’s products and services. Furthermore, it caters better for the needs of both individual and business clients,” said Marlize Horn, executive officer of marketing and corporate communication services at Bank Windhoek.
Visitors to the website can also find out more about the Financial Intelligence Act, investment funds, market indicators, fees and charges, the bank’s branch network, budgeting and cash flow, personal financial risks, wills and estate planning and personal financial risks. Clients can also calculate their premiums and repayments for home loans and vehicle financing.
“We invite our clients to visit our new website on www.bankwindhoek.com.na and to experience the new look and feel. With the new features of this website, clients can educate themselves about the services Bank Windhoek has to offer and make informed decisions about their finances. Other features include internet banking, news items and information as to how our clients can protect themselves from fraud,” Horn added.
Following the launch of the new website, Bank Windhoek is also warning clients not to become a victim of the latest phishing scam. Phishing is the process by which someone obtains another person’s private information through devious means in order to fraudulently assume that person’s identity.
According to Bank Windhoek, the latest phishing email being circulated request clients to update their accounts due to the new website. Clients are requested to click on a link to complete this update.
Clients are requested not to react to these mails, even if they look authentic.
“Bank Windhoek will under no circumstances communicate personal information with clients via email, nor will clients be requested to submit confidential information to the Bank.
Clients should never click on a link in an email requesting them to update or verify or upgrade their account details,” said Wilfried Hähner, communication practitioner at Bank Windhoek.
Bank Windhoek will not accept responsibility for financial loss if a client has given his personal information out of free will to a fraudster.
“If you have received any suspicious e-mails relating to Bank Windhoek, please contact the bank’s electronic channel division on (061) 299 1881 or (061) 299 1882, or alternatively send an email to ibank@bankwindhoek.com.na,” said Hähner.

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Following reverse listing, public can now acquire shareholding in Paratus Namibia

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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.