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Christmas shoeboxes for Orange Babies kids

The children from the Orange Babies Foundation are delighted with the shoeboxes they received from Old Mutual. Judging from their smiles they could not wait to open them. (Photograph by Mandisa Rasmeni)

The children from the Orange Babies Foundation are delighted with the shoeboxes they received from Old Mutual. Judging from their smiles they could not wait to open them. (Photograph by Mandisa Rasmeni)

Old Mutual joined the large group of Namibian companies that are bringing the spirit of Christmas to vulnerable and disadvantaged children during the festive season. Last week, the life insurer gave shoeboxes to the children at Orange Babies. Danille Aspelling Marketing Consultant at Old Mutual said the motivation behind this initiative is not only a way to create awareness and to educate their employees about HIV but also to provide them with the means to make a valuable contribution towards people in society affected by HIV/Aids. She emphasised how impressed she was with the way Orange Babies follow a holistic approach to support mothers and children.

“They have an unfailing and hands-on approach with regards to the management of the programme” she said adding that by looking at the involvement as well as the results of past initiatives run by Orange Babies, it is clear that they “Do Great Things” just like Old Mutual. Elanza Van Wyk who represented Orange Babies said the main focus of their organisation is to provide the most vulnerable, access to quality life by caring for HIV positive mothers, their children, as well as pregnant women and other orphans and vulnerable children. She emphasised that Orange Babies currently provide nutritional, psycho-social support and primary health care to over 500 orphans in Windhoek, Okahandja and Rehoboth. Their theme for 2013 is “Keeping Hope Alive”. It is against this background that they started the ‘Christmas Shoebox of Hope’ initiative. Van Wyk said they want to ensure that every child in their programme receives a shoebox filled with hope this Christmas. She thanked Old Mutual and their staff for partnering with them and for making the Hope Initiative possible. She hopes that Orange Babies and Old Mutual can team up again in future to join the fight in ensuring an HIV-free generation. Orange Babies was founded by three men from Amsterdam, Baba Sylla, John Kattenberg and Steff Becker with the sole objective to prevent the virus from spreading from mothers to their unborn children and to encourage and inspire everyone who is HIV positive to live positive lives and that the disease is no longer a death sentence.

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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.