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Enterprising start-up owner gets her products onto local retailers’ shelves

Enterprising start-up owner gets her products onto local retailers’ shelves

The owner of a start-up that manufactures solvents and detergents has been named the 2019 winner of the incubation competition run by Sanlam in partnership with the Namibia Business Innovation Institute at the Namibia University of Science and Technology.

Linda Ndakolo of Linda P creations competed against four other start-ups this year before she was selected as the winner of the Sanlam Innovation Works project. Linda P Creations produces dishwashing liquid and various other cleaning products. Some of her brands like Kitchen Captain dishwashing liquid, are stocked by local supermarkets Shoprite and Maerua Spar.

At the announcement ceremony, Sanlam Group Chief Executive, Tertius Stears said they are aware that money alone can not address the problems faced by start-ups which is why the Sanlam Innovation Works programme is coupled with training, coaching and mentorship provided by the Business Innovation Institute.

During the competition, the top four entrepreneurs who participated in the programme each received a cash contribution of N$50,000 to invest in their businesses. This investment is then complemented by the ongoing training and mentoring from the Business Innovation Institute. The winner receives another N$25,000 as prize money which is intended for further investment.

Over the five years that the Innovation Works project has been running, 26 start-ups have been given a kickstart, in the process creating more than 100 jobs.

Mr Steve Katjiuanjo of the Ministry of Industrialisation, Trade and SME Development said that the ministry has always driven and encouraged initiatives and programmes of capacity building and businesses development.”

He thanked Sanlam and the Business Innovation Institute for the Innovation Works project which enables entrepreneurial Namibians to create employment for themselves and others. He also called on other stakeholders to follow the example and help support the government with projects that promote enterprise and employment.

Finally, Stears congratulated Ms Ndakolo and urged the four businesses who took part in their programme, to continue investing in the businesses and to seize the opportunities that lie before them.


Caption: Winner of the 2019 Sanlam Innovation Works competition, Linda Ndakolo (centre) with Mr Steve Katjiuanjo (centre right) of the Ministry of Industrialisation, Trade and SME Development, Mr Bjorn Wiedow (centre left) of the Namibia Business Innovation Institute, Mr Tertius Stears (second from right), Chief Executive of Sanlam Group, and the three other participants in the competition.


 

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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.