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Monte Christo Project Primary School learners get backpacks to start the new term

Monte Christo Project Primary School learners get backpacks to start the new term

Around 1075 children from the Monte Christo Project in Havana benefited from the Panda Pack Project, following a hand-over ceremony held this week.

The backpacks were handed over to the school by the Chinese Embassy in Namibia in partnership with the China Foundation for Poverty Alleviation (CFPA).

Speaking at the event, the Councilor of the Moses Garoeb Constituency, David Martin welcomed the donation and expressed gratitude towards the generous noble endeavor by the Chinese to help with the basic education in the country.

“We have built a special relationship with the Chinese Embassy which continues to put smiles on the little ones’ faces through our continued public-private partnership,” he said.

Martin highlighted that the constituency is still very much hampered by the lack of infrastructure and resources and the assistance from the Chinese in elevating the standards of basic education is most welcome.

The acting director of Education, Paulus Lewin at the hand-over, stressed that the government can not alone accelerate literacy across the country in order to achieve the full transition to a knowledge-based society, hence the donations and partnership are needed.

“China heeded our call for assistance and with such contributions, they are assisting with the creation of a conducive learning environment making the basic education sector better,” he added.

Lewin said the donation came at an opportune time as schools in Namibia commenced with the new term and the impact of the Panda packs will definitely be positive on the children and community.

Chinese Ambassador to Namibia Zhang Yiming said the project intends to assist Namibia in helping them attain quality education.

“I was touched when I saw the children sitting in tents,” he said. “Let me commend the teachers for not losing hope in the system and continue doing a good job,” he added.

The Panda project, initiated by the CFPA and Namibia’s One Economy Foundation with the support from Namibia’s Ministry of Education, donated 10,000 backpacks in 2018, and last year over 40,000 backpacks were distributed to children across the 15 regions in the country.


 

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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.