Select Page

Small-to-medium sized business owners get equipped with the relevant skills to establish successful enterprises

Small-to-medium sized business owners get equipped with the relevant skills to establish successful enterprises

Team Namibia concluded and handed over certificates to participants of a Finnish funded entrepreneurial training programme last week at an event at Xwama Cultural Village.

The programme dubbed, the Mobilisation of Production and Trade Capacities of Namibia Small Enterprises in Katutura, honoured the owners of 16 Katutura based SME’s, whom they trained and mentored, by equipping them with the ability to establish successful enterprises.

Barbel Kirchner, Account Director at Team Namibia said out of 400 applicants that wanted to participate in this project, 16 are currently running viable businesses, therefore the training allowed Katutura based entrepreneurs to gain more knowledge and insight in order to run their businesses more effectively, with the creation of sustainable businesses, generations of income and the employment of others.

“With much energy and commitment, we and the Development Consultants for Southern Africa with the constant support of the Finnish Embassy, engaged every one of the participants to ensure that optimal learning is achieved,” she added.

She said that events like the can provide just the encouragement a local business owner needs to continue to keep the economy healthy and can show our national leaders how important the contribution of local businesses are.

“In the current economic environment, there us limited cash in circulation, yet with the obstacles we are facing, our participant have created opportunities for themselves and others in their immediate community,” she added.

HE Ambassador Pirkko-Lisa Kyostila from the Embassy of Finland highlighted the importance of supporting local entrepreneurs and how everybody can make a difference by supporting local products and services.

“When you buy a Made in Namibia product, you not only promote job creation and growth, but you also act in a climate wise manner, protecting our beautiful planet earth,” she added.

The 25 day training included basic business principles, preparation of business plans, introduction of marketing, business management and organisation, as well as costing. Additionally, participants were also trained on e-mail, internet and social media marketing.

Products and services provided by the businesses included the production of paper flowers and décor for extensive wedding and events market, the production of marshmallows, cakes, cupcakes and eggs as well as the manufacturing and supply of cleaning material and washing powder.

Services included design, tailoring and sewing, building maintenance, information technology services and low-cost container housing.


 

About The Author

Mandisa Rasmeni

Mandisa Rasmeni has worked as reporter at the Economist for the past five years, first on the entertainment beat but now focussing more on community, social and health reporting. She is a born writer and is working on her degree in Journalism at the Namibia University of Science and Technology (NUST). She believes education is the greatest equalizer. She is the epitome of perseverance, having started as the newspaper's receptionist in 2013.

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.