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Driving female-focused entrepreneurship through coworking and community

Driving female-focused entrepreneurship through coworking and community

Capetown — Over a short period of time, the partnership between Future Females and Ideas Cartel has quickly shown the benefit of connecting like-minds in inspiring spaces, with expansion just around the corner.

From a team of two in 2017 to a present state of 26 chapters across Africa, Australia, Europe and North America; a growing online community of 30,000 female entrepreneurs, and now a thriving local coworking space, Future Females is a Cape Town success story worth paying attention to.

“For early-stage solopreneurs, the process of starting a business can be a lonely one, and getting stuck in your own head is almost unavoidable. The growth of Future Females has helped combat this; the community we’ve created is a source of support, advice and encouragement that would otherwise be absent,” said Lauren Dallas, Co-founder of Future Females

Apart from the obvious numbers-based growth, the real power of their rise comes from what underlies it: a shared vision for a platform that empowers female entrepreneurs to connect, be inspired, inspire others, and feel supported to create, fail and ultimately win.

The movement is underpinned by a framework that helps members to maximise their four scarce resources – time, money, energy and relationships – to transform their businesses, careers and lives.

The Future Females community isn’t only forward thinking in what they work for, but also how they work. Inner City by Ideas Cartel has been a crucial growth partner in this regard; providing a beautifully curated, inspiring work environment in which the company could not only comfortably scale, but thrive in the process.

“We’re so proud to have Future Females as part of the entrepreneurial community at Ideas Cartel. Their story is inspiring, and has also acted as a proof point for us – that the Inner City spaces we’ve built are doing their part to create connection, drive innovation and support growth,” said Schuyler Vorster, Founder of Ideas Cartel.

As one of Ideas Cartel’s four business pillars, Inner City focuses on creating thoughtful, resilient workspaces for ambitious entrepreneurs, freelancers, creatives and business travellers. These inspiring spaces are intentionally crafted to facilitate an essential element of innovation: connection—connection with people, places and spaces; of ideas, perspectives and purpose.

In September 2019, Future Females moved into their own private space to launch one of the first female-focused South African workspaces, at Ideas Cartel’s 113 Loop Street premises. The design of the space was based on feedback from a co-creation workshop held with potential tenants, to ensure it met the requirements of the community it would serve.

Launching on 1 February, 2020, the expanded coworking space includes Hot Desks at R1,700 per month, Fixed Desks at R2,600 per month and Private Offices starting from R12,500 for two people. For an additional R250 per month, Future Females members can also access the rooftop pool.

“You become like the people you surround yourself with. We’ve created a space where everyone shares the same vision and is there to support one another on the entrepreneurial journey,” added Sasha Zakharova, Programme Manager of Future Females.


 

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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.