Select Page

TransNamib and Poly sign MoU

The Polytechnic of Namibia and TransNamib Holdings recently signed a Memorandum of Understanding enabling both entities to forge a meaningful collaboration with a view towards capacity building.
The Memorandum of Understanding covers a broad range of activities that range from student and staff research, a sponsorship of the Endowed Chair of Railway Transportation Engineering Technology and aid the Polytechnic in their efforts to help students gain relevant work experience by offering internship opportunities to students.
The academic institution would inturn help TransNamib in its quest to build capacity institutional by offering workshops and seminars in conjunction with relevant institutions for TransNamib employees in vocational education and training.

Sara Naanda, Chief Executive Officer of TransNamib Holdings expressed her confidence on the signing of the Memorandum of Understanding and said, “We are convinced that we are partnering with a credible institution and that we are taking a positive step as we gear to cultivate a culture of continous learning among our employees. Our desire is to equip the employees with skills, knowledge, competancies, and attitudes that will enable them to contribute to national building in achieving Vision 2030 and the National Development Plans. The Polytechnic can only offer its programmes best, by analysing and evaluating the type of skills required in the industry and having access to first-hand information and experiences, which in case TransNamib would aim to share, especially in the retail sector. ”
Rector of the Polytechnic of Namibia Professor Tjama Tjivikua said, “A critical point that many organisations have realised is that their mandates define their roles in society and they thus cannot do everything. The other side of the coin shows that in the course of their functioning is the realisation that some of the challenges they encounter transcend the expertise and capability of their single organisation hence the need for collaborative relationships. The partnership between the Polytechnic and TransNamib fills the vacuum of a corporate university. We shall serve TransNamib as its substitute corporate university, which we are proud to do as a university of science and technology.”

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.