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Capricorn Group senior managers equiped with requisite skills to remain relevant in the current and future global business environment

Capricorn Group senior managers equiped with requisite skills to remain relevant in the current and future global business environment

Twenty-one Capricorn Group senior managers, who took part in its maiden Senior Management Development Programme (SMDP), graduated in Windhoek.

The graduates are from various departments within Capricorn Group and Bank Windhoek.

The programme, facilitated by the Group’s Human Capital Department and offered by the University of Stellenbosch Business School (USB) for Executive Development, aims to equip the Group’s senior managers with the requisite skills and thorough understanding of leadership within the current and future global business environment.

Bank Windhoek’s Managing Director, Baronice Hans, said: “The leadership style in our organisation is to be highly visible and approachable. It is also about being transformative and integral to this is the ability to listen, be open and engage but most importantly, to affect change. It is no accident that visible leadership and transformational change is a strategic pillar for Bank Windhoek. Leadership is about inspiring your entire team, harnessing their skills and talents, steering all these dynamics in the same direction, and empowering them to be Connectors of Positive Change in all areas of their lives.”

Capricorn Group’s Head of Analytics and Financial Risk, Marizelle Pienaar, was the top scoring participant winning the prestigious Director’s Awards. The winning group which scored the highest combined marks for its presentation and individual marks in three assignments, was Anti-Gravity, whose winning project title was, “An investigation into improving the sustainability image of the Bank.”

Bank Windhoek’s Head of Coverage, André Barnard, spoke on behalf of the graduates. “The SMDP was an excellent opportunity to be exposed to the latest academics and trends across the different modules covered. Our gratitude goes to Capricorn Group for sponsoring the programme, to Bank Windhoek for nominating all the students and supporting us throughout the duration of the course.”

The graduates completed the allocated study school modules, five individual assignments and one group assignment over a six month period. The modules ranged from Designing Leading-edge Strategies to Operational Effectiveness and Supply Chain Management and concluding with an Integrated Assignment which infuses thinking and application across all modules.

The Programme is aligned with Capricorn Group’s strategy and The Capricorn Way’s Code of Unlocking Potential in all employees across the Group both individually and collectively.

Executives from Bank Windhoek and Capricorn Group, who attended the SMDP’s graduation ceremony, said that they were proud of what they witnessed. All senior managers passed with flying colours and were commended for doing a great job.


 

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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.