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U.S. Peace Corps volunteers commence with two-year journey to strengthen education across the country

U.S. Peace Corps volunteers commence with two-year journey to strengthen education across the country

Thirty new U.S. Peace Corps volunteers joined local communities throughout Namibia last week to begin two-year assignments to strengthen education across the country.

The 30 volunteers will work shoulder-to-shoulder with local communities and schools in all 14 regions for the next 24 months.

The Peace Corps is a volunteer programme of the United States government in which American volunteers, young and old, work without pay overseas for two years to help a country build its capacity to meet the needs of its people.

The Mission of the Peace Corps is “To promote world peace and friendship.

The newest group of 30 officially became Peace Corps volunteers at a swearing-in ceremony last week at the Andreas Kukuri Center in Okahandja.

At the ceremony, the U.S. Embassy’s Chargé d’Affaires Peter Lord described the Peace Corps program as “one of the strongest pillars of friendship between America and Namibia.”

Before taking up their assignments throughout Namibia, the 30 new volunteers participated in a nine-week cross cultural training program in Okahandja.

The training involved proficiency in one of nine local languages, as well as living with host families in Okahandja.

This complete immersion into Namibian culture and language prepared the volunteers to work at the community level across Namibia. At the conclusion of the nine-week training, Peace Corps Country Director Kevin Fleming thanked the government and people of Okahandja for years of generosity and support for the program.

The Peace Corps has brought volunteers to Namibia since its independence in 1990. Since then, over 1,800 Americans have volunteered for two years in Namibia on projects from health, education and community economic development, to cultural preservation.


Caption: The group of 30 new U.S. Peace Corps volunteers who joined local communities throughout Namibia last week at the swearing-in ceremony in Okahandja as Group 50.


 

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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.