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Meagre economy leads to meagre returns in the NSX scholars investment challenge

Meagre economy leads to meagre returns in the NSX scholars investment challenge

A student team from the University of Namibia posted the best returns over a six-month period in this year’s Namibian Scholars Investment Challenge, a competition hosted by the Namibian Stock Exchange for students and learners with a keen interest in the workings of markets.

Styling themselves Kingdom Treasurers, the three-women and one man team of Celien Kabanje, Kaarina Plastus, Linea Lazarus and Ginola Nauseb outperformed all other teams, posting a positive 0.7% return on their investment portfolio. The team’s acumen earned it a cool N$25,000 prize money sponsored by IJG Securities.

In second place was another UNAM team, KKN Wealth Management, who posted a positive 0.5% return, a mere two tenths of a percentage point behind the winners. They received a cash prize of N$15,000 sponsored by FirstRand Namibia.

The only school team that made some show in the rankings is Brexit Ltd from Tsumeb Secondary School whose negative -5.8% return earned them the third spot and a N$5000 prize sponsored by the Financial Literacy Initiative.

The competition’s contact person at the stock exchange, Johene Saal said “a competition such as this would not be possible without committed and caring partners. The sponsors have made sure that the competition maintains its attraction and prestige by providing financial and other assistance. Without them the competition would not have been a success. To all of the sponsors, the Namibian Stock Exchange would like to say Thank You. We appreciate all you have done and look forward to continuing our relationship well into the future.”

The challenge is jointly organised by the stock exchange, the Financial Literacy Initiative and International Association of Students in Economic and Commercial Sciences (AIESEC).

The Namibian Scholars Investment Challenge was started by the Namibia Economist in 1997 and run for several years before it was taken over by the stock exchange.

Caption: From the left, Chuma Siboleka of the Financial Literacy Initiative, then the four members of the winning team, Celien Kabanje, Kaarina Plastus, Linea Lazarus and Ginola Nauseb. Centre left stands Adelheid Nashilundo, also of the Financial Literacy Initiative and centre right is the competition’s coordinator at the stock exchange, Johene Saal. Next are Timotheus Kafita and Ezekiel Kambonde, the runners-up with Kleopas Johannes and Mr Wisdom of AIESEC who helped organise the challenge. (Photograph by the Namibian Stock Exchange)


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The Economist accommodates two interns every year, one per semester. They are given less demanding, softer issues to hone their skills, often with a specific leaning to social issues. Today, many of our interns are respected journalists or career professionals at economic and financial institutions. - Ed.

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.