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Financial and numerary literacy offered to learners at St Barnabas Primary

Financial and numerary literacy offered to learners at St Barnabas Primary

Financial education at primary school level is now offered by the FNB Edulution Centre at St Barnabas Primary, inaugurated earlier this week. The centre is supported by the FirstRand Namibia Foundation.

The foundation’s chairperson, Ms Clara Bohitile, entreated the St Barnabas learners to take responsibility for their studies and for themselves, reminding them that they are the only person who can make a difference in their education or their communities by taking their studies seriously.

“Make time to attend the extramural activities offered at the FNB Edulution Centre. Ask the right questions. Complete every task given to you and use this opportunity to learn and embrace technology to change the way you learn,” she said.

The centre reaches out through a mixture of technology, analytics and local resources, to improve numeracy, literacy, ITC skills and quality learning. It received more than N$200,000 from the foundation.

“We have supported programmes that focus on educational and financial literacy amongst many other focus areas to bring hope to parents and learners and ensure they get introduced to the vast opportunities that the modern economies provide.”

Caption: Front row from the left, learners Uatjaera Mauha, Uakakutura Kaarando, Augusta Tjerivanga and Glodine Pieters with Lena Katamelo, a parent and Magda Awases, a trustee of the FirstRand Namibia Foundation Trust. Middle row from the left, parents Connie Kazenaimue, Fabiola Kanaeke and Amalia Kangombe. In the back from the left are Ms Clara Bohitile, the foundation’s chairperson with more parents, Kariewe Antoniella, Uakakotora Tjiueza, Turip Mbavanga and Alex Williams. In the back row on the right is St Barnabas Primary’s principal, Mr Nahason Mbangura.


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Following reverse listing, public can now acquire shareholding in Paratus Namibia


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.