Select Page

Frieda Beukes appointed as Bank Windhoek’s Oshakati branch manager

Frieda Beukes appointed as Bank Windhoek’s Oshakati branch manager

Bank Windhoek Oshakati has appointed Frieda Beukes as its new Manager, effective 1 January, where she will be accountable for the performance and overall running of Bank Windhoek’s Oshakati Branch and its sub-branches, in Ongwediva, Oshakati-North, and Okahao.

Beukes will also provide management and leadership capability to the Branch by optimising resources and effectively managing risk to achieve the Bank’s objectives. Beukes’ journey with the bank started in 1997 at Mariental Branch as a Cheque Administration Clerk, after completing the Bank’s Candidate Bankers Training (CBT) Programme. Over the years, she grew her expertise in banking operations as she worked as a teller, later on moving into enquiries and the collateral spheres. In 2004, Beukes was transferred to Ondangwa Branch as its Credit Clerk.
In 2008, she was appointed at the Credit Department, where she progressed through the ranks to Senior Credit Officer.

Beukes has completed several advanced bank related training and management courses, including the Leadership Development Programme, completed through the University of Pretoria and the Capricorn Group Senior Management Development Programme facilitated by the University of Stellenbosch Business School. She is also currently enrolled for a Masters of Business Administration course.

Bank Windhoek’s Executive Officer of Retail Banking Services, Chris Matthee said with her vast experience, especially in the credit domain, the bank is sure that Beukes will add exceptional value in her new role.

“Her progress at Bank Windhoek shows that continued professional development pays off. We wish her all the best as she starts this exciting journey as Bank Windhoek’s new Oshakati Branch Manager,” said Matthee.


 

About The Author

Donald Matthys

Donald Matthys has been part of the media fraternity since 2015. He has been working at the Namibia Economist for the past three years mainly covering business, tourism and agriculture. Donald occasionally refers to himself as a theatre maker and has staged two theatre plays so far. Follow him on twitter at @zuleitmatthys

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.