Select Page

Businesswoman 2013 launched

Nangula Uaandja, the reigning Namibian Businesswoman of the Year.

Nangula Uaandja, the reigning Namibian Businesswoman of the Year.

The prestigious Namibian Businesswoman of the Year award is looking for a new torch bearer. Earlier this week, the Economist Businesswomen Club announced the beginning of the process to look for the best businesswoman to carry the auspicious title.
Speaking at the launch ceremony, current Namibian Businesswoman of the Year, PwC Managing Partner, Nangula Uaandja said jokingly “Sometimes I would make a call and the person I want to talk to says, “Tell her I am busy, she must call back later.  But if the assistant says “it’s the Businesswoman of the Year calling”, I hear “ok, let me talk to her.” Motivating other leading professionals to be nominated for this award, Uaandja said it was actually her privile ge and a learning process too as the award sent her to attend a World Businesswoman conference in Europe. “It was amazing” she said. “We were about 900 businesswomen from all over the world and it made me realise that women are doing much in business”
The Namibian Businesswoman of the Year awards have become an integral part of the Namibian business calender, celebrating the achievements of some truly remarkable women. In the 19 years since its inception, this prestigious awards programme has proudly honoured women whose  achievements, commitment and vision have made them leaders in their chosen fields of endeavour.
Chairperson of the Economist Businesswomen Club , Desere Lundon-Muller said that these awards allowed many gifted decision-makers to enjoy the many benefits that the awards bring along. “The benefits include career analysis and development, positive business profiling, new business opportunities, expansion of networks and self-development”, she said.
The awards comprise four different categories namely Business Owner Award, Private and Corporate Sector Award, Community and Government Award, and Young Businesswoman Award and the finalists in each of these categories are eligible for the overall winner of the Namibian Businesswoman of the Year Award.
Uaandja also thanked the Awards Committee and the generous sponsors whose contribution ensure the awards’ high standards.
The main sponsors of the awards, Telecom Namibia and Castle Brewing Namibia are providing N$79,000 and N$70,000 respectfully, to this year’s awards.

About The Author

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.