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377,000 children benefit from school feeding programme

377,000 children benefit from school feeding programme

The school feeding programme has quadrupled reaching over 377,000 learners in 1,400 schools in all 14 regions of the country from 78,000 in 1996, a government official said last week.

The programme which been in existence for 21 years, initially managed by the World Food Programme (WFP) in 1991, was fully taken over by thegovernment in 1996, said the Executive Director of the Ministry of Education, Arts and Culture, Sanet Steenkamp, at the launch of the country’s first School Feeding Programme Policy on Friday in Otjumuise.

The programme currently supports pre-primary and primary school learners across the country with a mid-morning meal comprised of a fortified maize meal blend, she added.

The Deputy Minister of Ministry of Education, Arts and Culture, Anna Nghipondoka at the event said her ministry has made tremendous progress in scaling up school feeding in Namibia over the years.

According to Nghipondoka the policy which they launched aims to provide quality access to all children, quality learning and education for all children in Namibia.

“The policy reaffirms the government’s commitment to ensure good governance, transparency, efficiency, accountability and meaningful participation and involvement by all stakeholders,” she added.

UN’s WFP Country Representative and Director Elvis Odeke at the launch said the school feeding policy will aid in strengthening the implementation of the Namibian School Feeding Programme, which is one of the vehicles that contribute towards the achievement of the ‘vision of education for all’.


 

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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.