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Blue Bank continues to put smiles on children’s faces, helps fixing deformities

Blue Bank continues to put smiles on children’s faces, helps fixing deformities

Standard Bank recently renewed its commitment to continue putting smiles on the faces of children who suffer from birth deformities such as cleft lips and palates.

Cleft lips and palates refer to openings in the upper lip or roof of the mouth or both. The condition is one of the most common birth defects and is treated with surgery to correct facial appearance.

The bank’s Public Relations and Communications Manager, Isack Hamata, confirmed it will continue its partnership with Nampharm Foundation, the organisation that raises funds to enable the operation of children with lip and palate deformities.

The commitment was made on Saturday at the Nampharm Foundation’s 10th anniversary celebrations in Windhoek where Hamata also handed over N$200,000 to the foundation’s Founder and Financial Director, Frikkie van der Walt.

At the occasion, Hamata said Standard Bank’s continued support to Nampharm was to restore dignity for both parents and their children who suffer from cleft lip and palate deformities.

“We very well know that if left untreated, these conditions lead to problems with hearing, talking and eating, not to mention anxiety and depression. Children also have difficulties integrating with their peers at school and other social environments,” Hamata said.

He added, “We are happy, as Standard Bank, that we can play our part to continue putting smiles on the faces of our Namibian children and to enable them to one day become productive citizens who will also take care of others in similar situations.”

Nampharm Foundation Manager, Carol Masururwa said over the past 10 years, a total of 125 complete cleft lip and palate operations were completed and a further 238 children are due for operation this year.

She also added that a total of N$ 3.1 million was spent on operations since 2009. The operations are at no cost to the families of the children.

Also attending Saturday’s 10th celebrations was Ester Shivute whose one and a half year old son, Shaamena underwent the first stage of the operation and is due for the second phase in the next few weeks.

She said she was grateful to both Standard Bank and Nampharm for helping to treat her son. “I am very happy for what Standard Bank and Nampharm are doing for my son. They must continue doing that for other children as well. I also want to call upon parents who have children with cleft lip and palate deformities to take advantage of these opportunities so that their children can lead a healthy life,” Shivute urged.


 

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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.