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Entrepreneur with a shocking vision

Electrifying owner of NZ Itewa Trading and Investments, Ze Itewa.

Electrifying owner of NZ Itewa Trading and Investments, Ze Itewa.

NZ Itewa Trading and Investments was founded in 2010 by Ze Itewa a young entrepreneur and electrical expert.
“It wasn’t just about employment but enjoying what you do daily and having the passion for it” he said when describing his very humble start up two years ago.
NZ Itewa Trading and Investments offers construction services, all sorts of electrical services from electric fences to gates and security wires. It also trades in electrical components, and many other elements of the electricity and electrical installation business. It all started when he got employed in an electrical company as a technician and was promoted to a foreman in under a year. “I worked hard and within a few more months, my boss told me he wanted to sell the business and he wanted me to buy it” he explained. Itewa was unable to buy the business immediately but his former boss transferred all his clients to him and it continued from there.

“Nothing is easy but you have to continue and stay motivated. I see sometimes people may start a business. then after a while they quit. Because they compare themselves to others they forget to see that others also struggled to get to the stable condition that they are in today” he said speaking words of encouragements to all other young people dreaming of starting their own business. “You face challenges every day but you have to stay grounded. I am motivated mostly by my family, my wife, my pastor and even other businesses.” “Currently I have six men employed. We are still a growing business and I see a bigger future ahead of us” he stated. “I wanted to give them the same opportunities I have, to provide for their families and have an impact in changing their lives and for them to play their role in making our country a better place” he said emphatically. On changes ince taking over the business, he said “our marketing strategies have changed and we have expanded to take over the whole electrical field. We are not a big business but we are moving. We have a vision and it brings food to the table.” “I have always wanted to make something out of myself. In my opinion the greatest mistake is to be busy but not effective, because sometimes at the end of the day, you look back and you haven’t achieved anything you are proud of” he said adding that in his opinion, the greatest challenge is knowing what to do and to be able to see success beyond any obstacle no matter how great it may be.
“I feel privileged that I was always able to see the light at the end of the tunnel. I want to play my part and support a better Namibia. Yes, I do receive criticism but I am very proud of what I have achieved so far. And I give God all the glory that all my efforts have not been in absolute vain” he concluded.

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.