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Namibia Youth for Development offers great opportunities for graduates

Patric Mupupula (Youth Relations Officer), Dorothy Kuthedze, Alina Amkongo and Linea Hanghome.

Patric Mupupula (Youth Relations Officer), Dorothy Kuthedze, Alina Amkongo and Linea Hanghome.

The Namibia Youth for Development (NYD) celebrated a milestone earlier this week when its  members entered into an agreement with Evatelo’s in which NYD members will develop Evatelo CC’s employee job descriptions & code of conduct.
The members who participated in the project are; Linea N. Hanghome, Dorothy Kuthedze and Alina Amkongo. Linea, one of the participants and an HR degree holder thanked the Namibia Youth for Development for the wonderful opportunity presented to her. “This project played a great impact in terms of gaining the much needed experience in the practical completion of Human Resources (HR) duties as HR Practitioners,” said Linea.
The partnering organisation Evatelo CC was very satisfied with the outcomes of the project. NYD Youth Relations Officer, Patric Mupupula was very pleased to see young graduates working on a voluntary project. “I was very satisfied with the commitment of graduates in this project. The project created a platform to for the participants to develop their interpersonal skills, to improve their communication skills and most importantly to enhance the team spirit within them,” he said. He continued by saying, “We (the youth) need to empower ourselves with opportunities to develop skills and the understanding of sustainable economic development, as we are the leaders of tomorrow.”
The project was completed in 10 days. Mr. Mupupula said that the youth organisation is trying its best to help graduates gain the necessary experience though it is faced with some challenges. “The main challenge is that NYD does not have enough infrastructure, such as a place (an office) of its own where such projects can be implemented from,” he said. Even though the non-profit organisation is faced with these challenges, they are very motivated and committed to playing their part in decreasing the youth unemployment rate in the country.
The youth organisation will continue working hard to fulfill its mandate. On its way forward, NYD plans to invest more efforts and resources for the upcoming projects, with the aim of reaching their client´s expectations and createing a learning environment for its members.
Namibian Youth for Development is a non-profit voluntary organisation formed by young people of Namibia who discovered the need for a voluntary organisation to help young people to fulfill their goals and objectives through providing them with platforms to gain practical skills and experience for the job market. The group was launched in 2012.
Currently the group has 40 active members and is growing by the day. The majority members of the group are graduates in different fields and are unemployed. The rest are either in their 3rd or final year of their academic studies.

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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.