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Silly season – target for criminals

Silly season – target for criminals

“While everyone starts to relax and ease up for the upcoming holidays, this is exactly when criminals, fraudsters and scam artists become more active. Our statistics clearly show that the customers/public are prone to fall for several scams and sustain more losses from now on until mid-January,” says Ingrid Kahona-Katjiukua, Group Risk & Compliance/Forensics, FNB Namibia.

That is why FNB Namibia has launched a campaign to sensitise clients about possible tricks that fraudsters get up to during this festive season.

“We encourage our clients to be vigilant at all times to contain any potential losses and we call on each and everyone to work with us to show “Zero Tolerance” to all forms of criminal attacks.”

The customer education campaign launched by FNB Namibia is designed to promote anti-fraud awareness and educate clients on how to keep their money safe by thinking twice, acting smart and using simple principles and banking features to be safer.

FNB Namibia has designed communications on all types of fraud scams that customers are exposed to, and will share these via across all customer touchpoints – including print media, social media, online, ATM’s, radio and TV. Focus areas of the campaign include card and online security, identity theft, ATM security and cellphone security.

Ingrid added that unfortunately some of our customers themselves unsuspectingly allow their accounts to be used fraudulently.

“We all need to understand that these syndicates are professional criminals who sound and look like anyone out there. Once they have scammed you, they distance themselves from you the moment the crime has been exposed, because they live outside the law, have no moral code and place no value on the lives of the people they use in the execution of their crime.” she said.

Check Twice. Act Smart and Prevent Fraud is the FNB’s customer campaign message, the bank added.


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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.