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Sugar spices athletics

Namibian Beverages Limited giant, Coca-Cola as well as Marathon Sugar handed over sponsorships to the Namibian Schools Sports Union (NSSU), at an event  held this week at the Independence Stadium.
Coca-Cola donated N$171 000 towards athletics, netball and rugby and N$70 000 to Namibia Paralympics while Marathon Sugar donated N$45 000 to NSSU.
Gideon Nasilowsky a Paralympic swimmer for Namibia thanked the sponsors and the management team of Namibia Paralympics for the hard work they do to ensure everything runs smoothly and the support of the NSSU.

A Paralympics team departed on Thursday for the Nedbank National Championships for the Physically Disabled in Stellenbosch scheduled to take place from the 30th of March to the 2nd of April.
Frik Oosthuizen, Managing Director of Namibian Beverages Limited (Coca-Cola) said even though the handing over of the cheques is important, the most important thing is to encourage the youth to follow their dreams and become better citizens, and sporting activities achieves this.
He added that it is important that the youth be supported and trained so that they may be able to compete against international athletes and be able to get good results. Since Coca-Cola is one of the major sponsors of sports in the world, Coca-Cola Namibia felt it is logical that they give back to the community that supports them.
National Coordinator of NSSU, Solly Duiker, announced that the Coca-Cola National Athletics Championships, track and field will be held on 11 to 12 April at the Windhoek Independence Stadium with approximately 840 athletes scheduled to take part at the event.

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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.