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Windhoek Gymnasium leads netball league

The Windhoek Gymnasium netball team. (photograph contributed)

The Windhoek Gymnasium netball team. (photograph contributed)

Windhoek Gymnasium made their presence felt with an impressive display in the first round of the Bank Windhoek Schools Netball Super League last Saturday at the Dr. Lemmer Sports Fields in Rehoboth. The private school won its match against Dr. Lemmer, 70 to 8, and against Windhoek High School, 48 to 16. But Windhoek High still managed to beat Dr Lemmer with an impressive 54 to 16 victory .
Other good performances on the first day of the league were between Tsumeb Gymnasium and El Natan, which the former won 40 to 35 in a close match; Edugate won its match against Keetmanshoop Private School, 26 to 17; and El Natan in turn, beat Edugate, 42:24. Walvis Bay High School played against Keetmanshoop Private School and won the game 21 to 14. All these games were played in Stampriet. Windhoek Afrikaanse Privaatskool and Grootfontein Agri College did not play last weekend, but instead play this weekend.
The next games will be played in Windhoek on Friday, 14 June and Saturday, 15 June.
The Bank Windhoek Schools Netball Super League creates an additional platform for the top netball teams (first teams) to participate and compete in more matches which creates an incentive for schools in the national league to improve their performance. The intention of this league is to develop netball as an important national sport, starting at school level.
The Bank Windhoek Schools Netball Super League is endorsed by the NSSU and as a result, the top eight teams of the NSSU netball league automatically qualify for the Super League.
The winning schools will win netball equipment for their respective schools, sponsored by Bank Windhoek.

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Following reverse listing, public can now acquire shareholding in Paratus Namibia

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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.