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Women encouraged to dream with a vision

(L-R) Inge Zaamwani-Kamwi, Chief Executive Officer, Namdeb Diamond Corporation, Desere Lundon-Muller, Chairperson, Economist Businesswoman Club, Ericah Shafudah, Namibian Businesswoman of the Year 2013, Martha Namundjebo-Tilahun, Chairperson, United Africa Group and Eloise du Plessis, Country Manager, Business Partners International at the Economist Businesswoman Club networking Breakfast last week Friday. The networking breakfast was sponsored by Telecom Namibia and Business Partners International. (Photograph by Mandisa Rasmeni)

(L-R) Inge Zaamwani-Kamwi, Chief Executive Officer, Namdeb Diamond Corporation, Desere Lundon-Muller, Chairperson, Economist Businesswoman Club, Ericah Shafudah, Namibian Businesswoman of the Year 2013, Martha Namundjebo-Tilahun, Chairperson, United Africa Group and Eloise du Plessis, Country Manager, Business Partners International at the Economist Businesswoman Club networking Breakfast last week Friday. The networking breakfast was sponsored by Telecom Namibia and Business Partners International. (Photograph by Mandisa Rasmeni)

The Chairperson of United Africa Group, Martha Namundjebo-Tilahun spoke to women on how to become the Chief Executive Officer’s of their careers and move beyond dreaming their passion and start living it, during the Economist Businesswomen Club Breakfast held last week at the Hilton Hotel, where she was the guest speaker.
Namundjebo-Tilahun said that business as well as life is about taking calculated risks and no matter how much one analysis possible risks and tries to establish ways of mitigating them, some factors are beyond one’s control.
“I have experienced devastating blows in my life which have resulted in loss of investments amounting to millions of dollars, I have had people that I trusted disappoint me greatly, I have gone through negative publicity and negative talk but the more this happened the more it fuelled me to pursue my passion,” said Namundjebo-Tilahun.

“Success is not spontaneous but it is a result of planning, careful execution and clear focus on the goal, but many people think that business succeeds by luck or that one needs the government or somebody else to back you in order to succeed, but I have never seen an easy or effortless success in business and in life, it takes planning, hard work and focus,” she added.
She said that dreaming is good but dreaming without vision, supported by a good plan to realise that dream, the dream will remain nothing but a dream.
The  Economist Businesswomen Club Breakfast was sponsored by Telecom Namibia and Business Partners International.

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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.