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Namibian Businesswoman of the Year 2019 awards set for October

Namibian Businesswoman of the Year 2019 awards set for October

The Namibian Businesswoman of the Year 2019 awards this week officially introduced their judges, nominees and sponsors for the biannual event which rewards businesswomen, professionals and entrepreneurs, for their excellence.

Desere Lundon-Muller, Organiser of the Economist Businesswoman Projects, explained that the nominees are awarded in four different categories, business owner, community and government, private and corporate, and young businesswoman of the year award.

“One of the three business category winners will be Namibia’s top businesswoman and the winner will be the 19th recipient of this top award at a gala banquet scheduled for 16 October at Safari Conference Centre,” she added.

She highlighted that the event gives recognition to the innovation, perseverance and creativity of the women who have achieved success.

“As the organisers the vision is to facilitate empowering initiatives to lead women towards self realisation, which leaves our beneficiaries with newly found inspiration while they develop skills and accrue knowledge,” she added.

Albert Pretorius, Dealer Principal at Jaguar Namibia said the awards complement their brand because they both stand for good, they are unique have class and quality.

“To the nominees, market yourself, promote yourself, ask questions, work on yourself to get to a higher level and show them what you are made of,” he encouraged.

Manager Marketing Strategy at Telecom Namibia, Cooks Kunamene, said they are part of the awards to support, empower and build the Namibian woman.

“We recognise their strength and power and wish them all the best and may the best woman win,” he added.

Furthermore, Carem-Rae Bridges, Head: Brand Marketing at Bank Windhoek said they support the awards because of women who think differently, speak with promise about how things could be and act to make an impact.

“You have purpose and are ready to lead, your are ready to be true connectors of positive change in everything you do,” she emphasised.

Meanwhile Namibian Businesswoman of the Year 2017, Nangula Kauluma said she has enjoyed a purpose filled journey and has learnt how similar women are in all their differences.

“We keep it moving, even in times of trauma and hardship, therefore believe in yourself, be yourself, enjoy the exciting adventure,” she advised.

The awards are sponsored by Telecom Namibia, Bank Windhoek, Jaguar Windhoek, Roots Importers, Regus Business Centre, audited by Coreen Crous, Auditor and Partner at Grant Thornton and facilitated by the Namibia Chamber of Commerce and Industry.


 

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

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.