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Bank Windhoek’s apple project raises N$2.5 million for the Cancer Association

Bank Windhoek’s apple project raises N$2.5 million for the Cancer Association

Bank Windhoek handed over N$2.5 million to the Cancer Association of Namibia (CAN) during the Banks annual Cancer Apple Project, which is in its 19th year.

Jacquiline Pack, Executive Officer for Marketing and Corporate Communication Services at the hand over event Friday, said the number of Namibians diagnosed with cancer increases every year, therefore it stands to reason that funding to organisations such as CAN needs to be both continuous and consistent.

“The money raised is the result of many ordinary Namibians, each doing their little bit of good, because compassion and caring is what makes us human, love for our fellow human beings lies at the heart of who we really are as a nation,” she emphasised.

While an emotional Rolf Hansen, Chief Executive Officer of CAN said with the funds that they have received they, will and are, making sure that they provide quality services to patients and their families. “We screen people and while we treat them, we also treat them with dignity and in a human way,” he elaborated.

He said each apple that has been bought saves a life, which makes our dream a reality at CAN “When you buy the apple it is a fruit of hope that gives hope as well, because of these funds we can go out in remote areas and impact peoples lives more and more,” he added.

The theme for this year’s apple project was ‘More than an apple. It’s a fruit of hope’. The project aimed to create cancer awareness and raise funds for much needed support in the community.


Caption: (l-r) Jacquiline Pack, Executive Officer for Marketing and Corporate Communication Services at Bank Windhoek, Rolf Hansen, Chief Executive Officer of the Cancer Association of Namibia and Bronwyn Moody, Head of CSI, Sponsorships and Events at Bank Windhoek revealing how much the 2019 Bank Windhoek Cancer Apple Project raised for the Cancer Association of Namibia.


 

About The Author

Mandisa Rasmeni

Mandisa Rasmeni has worked as reporter at the Economist for the past five years, first on the entertainment beat but now focussing more on community, social and health reporting. She is a born writer and is working on her degree in Journalism at the Namibia University of Science and Technology (NUST). She believes education is the greatest equalizer. She is the epitome of perseverance, having started as the newspaper's receptionist in 2013.

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.