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Codie one step closer to title

Junior tennis ace, Codie van Schalkwyk continued with his winning spree in last weekend’s Kia tennis series bringing him closer to the title of series champion. The 11-year old made a magnificent step towards being crowned this year’s champion when he won the advanced category of the tournament in Windhoek.
Van Schalkwyk will now have to be at his best come the last event of the season, taking place next month, to finally bring the cup home. The tournament was once again hosted by the Pro-Tennis Academy.
Winning the advanced category in front of Nguvi Hinda and his brother Conner van Schalkwyk gave the youngster much needed confidence before the grand finale next month. Yet, his brother Connor, who is also still in contention for the overall win, will more than likely bring his A game to the last tournament in the series in an effort to grab the win away from Codie and cause an upset.
Meanwhile Veri Hinda won the intermediate class, while Delvin Losper and Kiana Cormack had to settle for second and third respectively. In the beginners category there was no way past Kayden Schnelle, with Ranel Kavandja in second and Jaco Losper in third place.
The win in the midi category went to Sumar van der Merwe. Adam Diggle came in second and Zula Ayoub was third.
Karmi Muller emerged victorious in the mini category. The race for second place was a family affair between Hendrina and Leonardine Apollus. Hendrina eventually gained the upper hand and secured the second place in front of Leonardine.
The top ten in the Kia Tennis Ranking are Codie van Schlakwyk with 4750 points, Connor van Schalkwyk 3600, Waylon Wentzel 3550, Veri Hinda 3200, Delvin Losper 3025, Kayden Schnelle 2360, Oliver Diggle 2325, Zander Coetzee 1915, Jaco Becker 1750 and Randel Kavandje with 1684.

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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.