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Sanlam Coastal Marathon scheduled to take place on Independence Day – 1000 atheletes expected

Sanlam Coastal Marathon scheduled to take place on Independence Day – 1000 atheletes expected

The 2020 Sanlam Coastal Marathon will take place on Independence Day, Saturday, 21 March and is expected to be bigger and better than ever before, according to the organisers.

With 1000 expected participants, the marathon will offer four race categories namely the 5km fun run/walk, the 10km, 21km and 42.2km marathon, Sanlam Namibia announced last week.

“Our goal is to make the Sanlam Coastal Marathon the best in the country and every year, we go out of our way to make the event bigger and better and improve on the shortcomings of the previous year”, said Sanlam Marketing and Communications Manager Hilaria Graig. Graig added that “This year, the marathon will be held over the Independence weekend, carrying through the theme of celebrating Namibia’s independence.”

The winners of the marathon in the 42.2km race walks away with a cash prize of N$15,000 and an automatic participation in Africa’s only IAAF Gold Label status marathon, the Sanlam Cape Town Marathon taking place in October 2020 with all expenses paid.

This makes marathon the biggest paying running event in the country, she added.

Entry tickets are available online via EventsToday at www.today.com.na/events or via the PayToday App or at any Airtime City kiosk.

Tickets are going for N$30 for 5km, N$60 for 10km and N$100 for 21km and 42.2km. Closing date for entries is Tuesday, 17 March.

Meanwhile, runners will run the Swakopmund / Henties Bay route and at clearly indicated points will turn around and end back at the Pro-Ed Akademie in Swakopmund were the race starts. Number collection will take place at the Pro-Ed Akademie on Friday, 20 March from 15h00 until 18h00.


 

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Sport Contributor

The Economist does not have a dedicated sport reporter. This designation is used for several contributors who want their sport stories in the Economist. Experience has taught us that companies usually want their sport sponsorships published prominently, being the reason for a sports category. It now also carries general sport items but only those with direct Namibian relevance. - Ed.

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.