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Dream Great Things open new doors

(Left to right): Lovelace Kauta (Old Mutual Investment Group), Denille Aspeling (Old Mutual), and Abigail Smit (1st Prize winner)

(Left to right): Lovelace Kauta (Old Mutual Investment Group), Denille Aspeling (Old Mutual), and Abigail Smit (1st Prize winner)

“Every Namibian has a dream and we want to enable those dreams for our fellow countrymen. Thus, we decided to host this competition to give three lucky winners the opportunity to start saving for that specific dream. The criteria was simply to provide us with your details, tell us what your dream is and take a photo of yourself through our digital interface. Your caption was then posted to the Old Mutual  Facebook page, where you could view and share your dream with your friends. The winners were selected randomly via a drawing process.” explained Quinten Potgeiter, Business Unit Marketing Manager at Old Mutual, when Old Mutual presented the winners with their prizes earlier this month.
“The Win Your Dream Investment competition was held in conjunction with the My Life My Future Expo, which took place from 20 to 22 February. The Expo focused on the lifestyle of individuals and since we all have dreams that relate to our lifestyle we thought it appropriate to put together a competition whereby people could win a unit trust investment to kick start that dream,” stated Potgieter.

The draw was done on Thursday, 06 March. The winners received their prizes from Lovelace Kauta, Business Development Executive, Old Mutual Investment Group, and Denille Aspeling, Marketing Consultant, Old Mutual. The 1st Prize of N$10,000 went to Abigail Smit who dreams to be financially independent and of providing a legacy for her children. The 2nd Prize of N$5000 went to Christoph Haenish who wants to travel around the world in a camper truck. The 3rd Prize went to Morne Potgieter who received N$2500 to help him with his first downpayment on his own game farm.

About The Author

Following reverse listing, public can now acquire shareholding in Paratus Namibia


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.