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Selekt Gold account for high-end Bank Windhoek clients introduced

Selekt Gold account for high-end Bank Windhoek clients introduced

Bank Windhoek will now offer personalised service and advice, innovative digital solutions and added value offerings to its customers who earn a salary of N$15,000 and up, through its recently introduced Selekt Gold Account.

The offering delivers bundled or Pay-as-you-Go transaction fee structures, access to a team of personal bankers, personalised SelektSaver Accounts at tiered interest rates, free life cover (of N$32300), legal cover (up to N$30000) and funeral cover of N$30000 for the main member, N$30000 for the spouse including others for children.

Selekt Gold also comes with value added services such as the Hey Jude for Bank Windhoek Lifestyle App and the‘My Savings’ aspect, which comprises of access to all investment products within the Capricorn Group, as well as having as many Complementary SelektSaver Accounts as the customer would like, linked to their Selekt Gold Account, at no extra cost to the customer.

According to the bank, in consultation with personal bankers, customers will be able to choose the loan products that are best suited to them, be it a Personal Loan, Gold Credit Card, an Overdraft Facility, Vehicle Financing, or Selekt Bond.

“In addition to conducting daily transactions on our Mobile App, we also offer features such as being able to turn Debit and Credit Cards off and back on again, as well as the feature where daily limits can be increased or decreased. Then of course, we provide the convenience of CellPhone Banking, iBank and a preferential rate for access to the Hey Jude for Bank Windhoek App, which is essentially a personal assistant in your pocket that helps with any task that you simply do not have the time to do,” Bank Windhoek’s Managing Director, Baronice Hans, said.

Hans further added that as a wholly owned Namibian financial institution, the approach of crafting and shaping offerings around the needs of their customers is important.

“The time has come to recognise that we service customers with diverse needs and as such, we have to be relevant and responsive by talking to their needs. We are confident that we are a solutions-driven financial services institution and a trusted partner that they will need as they grow in all aspects of their lives and expand their aspirations,” Hans said.

Caption: Bank Windhoek’s Executive for Retail Banking Services, Chris Matthee, Managing Director, Baronice Hans, Executive for Marketing and Corporate Communication Services, Jacquiline Pack and Ryan Geyser, Chief Customer Officer at the launch of Bank Windhoek’s Selekt Gold offering.


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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.