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Youth invited to apply for the 2019 Mandela Washington Fellowship

Youth invited to apply for the 2019 Mandela Washington Fellowship

Youth between the age of 25 and 35, who are positively impacting their communities are invited to apply for the 2019 Mandela Washington Fellowship as well as attend information sessions to be hosted by some of the fellowship alumni.

Applications are open until 9 October and those that are selected will depart for the U.S. in June 2020, while the multiple information sessions will be held from 18 to 28 September in collaboration with the U.S. Embassy in Lüderitz, Windhoek, Keetmanshoop, Swakopmund, Tsumeb and Khorixas.

The information sessions can be followed on social media under the hashtags #TeamRedemption and #MWFNam2019.

According to Josaphat Tjiho during the sessions the Fellows will talk about the life-changing experiences they had in the United States of America, while also providing guidance about the application process.

The Mandela Washington Fellowship for Young African Leaders began in 2014 and is the flagship program of the Young African Leaders Initiative (YALI). It empowers young people through academic coursework, leadership training and networking.

The fellowship is an initiative by former president Barack Obama. Every year it provides 700 outstanding young leaders from Sub Saharan Africa with the opportunity to hone their skills at a U.S. college or university for six weeks with support for professional development after they return home.

The programme focusses on three different tracks: civic engagement, public management and business and entrepreneurship.

Meanwhile, for more information one can visit: https://www.mandelawashingtonfellowship.org/ or 2019 Mandela Washington Fellow Josaphat Tjiho at 081 395 4353 or jvtjiho@gmail.com.


 

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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.