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No more need to carry textbooks in plastics bags – Panda Pack Project avails 40,000 back packs

No more need to carry textbooks in plastics bags – Panda Pack Project avails 40,000 back packs

The Chinese Embassy in Namibia, together with the China Foundation for Poverty Alleviation (CFPA), handed over 40,000 back packs under the Panda Pack Project, at Tobias Hainyeko Primary School in Okuryangava earlier this week.

Inside the donated packs were 105 stationery items.

The project, initiated by the China Foundation and the One Economy Foundation with the support from the Ministry of Education, Arts and Culture donated 10,000 backpacks in 2018.

Speaking at the event, the Deputy Minister of Education, Arts and Culture Anna Nghipondoka said that “learners who used to carry textbooks in plastic bags can now carry them safely in their backpacks, in turn, it will reduce textbook expenditure and realize the learner textbook ratio of 1:1.”

Nghipondoka urged the beneficiaries to take great care of the bags and not consider the donation in lighter terms, but view it in a bigger picture of preventing damage to textbooks.

CFPA Vice President Wang Xingzui said the 40,000 packs are set to benefit learners in most of the regions of which the host school is the first recipient.

“The project in Namibia dedicates itself to convey Chinese people’s kindness, to encourage people to people connectivity, and to deepen the friendship between the two nations,” he added.

Chinese Ambassador to Namibia, Zhang Yiming said considering that the Day of the Namibian Child will be celebrated on 28 September, the donation came at an opportune time.

“I want to emphasize also that these donations came through the Alibaba online public welfare platform. I hope that students can enjoy this gift and continue to study hard and finally realize their dreams one day,” he added.

Meanwhile, Zhang hopes that the programme will continue and become a milestone in China-Namibia friendship and cooperation.


Caption: Chinese Ambassador to Namibia, Zhang Yiming gives bags to some of the learners at the event held in Windhoek.


 

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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.