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Now JA can pay all its outstanding accounts and help prevent baby dumping

Representative from the Finnish Embassy, The Dogg, Anna Solarento, Junior Achievement representative Johanna Cloete, KBoz, Emma Theofelus, Jane Katjavivi and Beverly Jandrell-Uren at the launch

Representative from the Finnish Embassy, The Dogg, Anna Solarento, Junior Achievement representative Johanna Cloete, KBoz, Emma Theofelus, Jane Katjavivi and Beverly Jandrell-Uren at the launch

Come Saturday 15 March, Junior Achievement Namibia will try to improve a Guinness coin-laying record by exceeding 75.24 km of coins were these to be stretched out in a single long line.
Junior Achievement Namibia chose the Guinness Coin Challenge in the hope that every Namibian would come forward and contribute to combat and eradicate infanticide. The challenge will be against the city of Kirchdorf in Austria.
“The longest line of coins measured 75.24 km and was made by pupils of BRG/BORG Kirchdorf, along with parents, teachers and volunteers, all Austrian, on 9 December 2011.”

Announcing the challenge last week, Junior Achievement said “We have measured a 50 cent coin and if every Namibian lays out two it would cover the distance to exceed the current challenge. The other alternative is 10 cent coins that will exceed the current longest coin chain, [making it] easier if every person contributes.”
The Guinness Coin Challenge will take place in front of the City of Windhoek office building on Saturday 15 March 2014.
Junior Achievement Namibia is a Non Governmental Organisation (NGO) that presents entrepreneurial programmes to young people to strengthen them and their societies through economic activities generating income to sustain them and their families. It tries to break the cycle of poverty by teaching young people financial and work-related life skills.
The Guinness Coin Challenge has been chosen as a fundraiser to include the whole community. The funds are intended for a programme to help young people see the futility and horror of baby dumping.
Direct beneficiaries will be identified through communities like churches, youth centres and schools. Reference persons would be identified at the centres to encourage young people to become members of the centres. Junior Achievement advised that the parents of teenage mothers who can not afford to support their child, must can contact Care Fuse, an organisation that support pregnant teenagers and their parents.
Junior Achievement said a link has been established with Child Line also to extend and strengthen the safety net for young people
Unemployed young pregnant mothers and desperate girls in dire straits who wish to be assisted are the vulnerable groups to be assisted with the proceeds from the coin-laying challenge.

About The Author

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.