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Aris rural children treated to a tasty lunch, utility gifts and a big donation

Aris rural children treated to a tasty lunch, utility gifts and a big donation

Another random act of kindness brightened the day for the learners of a primary school in the Windhoek district when a posse of bank employees visited the children, bringing gifts, a sizeable donation and foodies.

The staff of FNB’s Windhoek branch took it upon themselves to collect a donation for the children of Aris Grundschule some distance from Windhoek on the Rehoboth road. The school has 170 learners from Grade 1 to 7. All the children come from the Aris vicinity.

The children were pleasantly surprised when the bankers arrived with a load of basic necessities which included canned food and cereals for sustenance, but also toiletries and sanitary pads for the girls. To top it all, the bank staff treated all the learners to an impromptu lunch of broetchens and snacks. But to everybody’s amazement, the bank aunties were not done yet. Great was the joy when they pulled out a N$10,000 check and presented this to the school’s principal.

Afterwards, Lodewikus Isaak, one of the FNB employees, said “This act of kindness has not only enhanced the lives of these learners but also greatly enriched our lives. It is wonderful to be able to give to someone in need, especially in the times we are currently facing with unemployment, the drought and recession.”

FirstRand’s “111 Random Acts of Kindness” was introduced at the end of 2018 in commemoration of the group’s 111 years of banking in Namibia. Through this special initiative, the bank encourages its employees to spread kindness on an ongoing basis.


 

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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.