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Internship placements pay off

From left to right: Tim Ekandjo, President of the Institute of People Management, Khumalo Kapelwa, Industry Liaison Officer of the Cooperative Education Unit at the Polytechnic, and Dr. Mpuang, MD and guest speaker at the institute’s recent awards dinner.

From left to right: Tim Ekandjo, President of the Institute of People Management, Khumalo Kapelwa, Industry Liaison Officer of the Cooperative Education Unit at the Polytechnic, and Dr. Mpuang, MD and guest speaker at the institute’s recent awards dinner.

The Cooperative Education Unit won the 2014 Excellence Award at the 4th Annual Conference of Institute of People Management (IPM) held at the Safari Hotel, Windhoek earlier in October. The conference was attended by delegates from business, the public sector and other members of IPM.
The conference was opened by the Prime Minister Dr Hage Geingob and Tim Ekandjo as its President. This year’s theme was ‘HR Raising the Bar’.
Several awards were handed out based on nominations made by delegates of IPM. A committee reviewed all entries and based on the motivations, selected the top achievers. Among the best achievers was the Cooperative Education Unit of the Polytechnic, which received the IPM Excellence Award for placing the most students with organisations for internships. The awards were presented during a Gala Dinner held at the Hilton Hotel. The award ceremony and dinner was graced by Dr Mpuang, a medical doctor at Gabarone Private Hospital in Botswana, who was also the guest speaker.

Carva Pop, Director of the Cooperative Education Unit said,“It is vital that we, as the Cooperative Education Unit educate the private and public sector on the necessity to open themselves up to internships for students.” “The students are the future of this country and its economic growth. Exposing them to real life work situations is the best way to ensure a well-educated and work-ready employee. This award shows that our organization is making a real impact,” he added.
The Cooperative Education Unit is a unit within the Polytechnic of Namibia, headed by Carva Pop. The unit ensures that thousands of Poly students find internship placements at companies, parastatals and government organisations. “This makes the Polytechnic the only institution that ensures all students get to experience an internship. It has made the Unit key in educating other institutions on Work Integrated Learning. The Cooperative Education Unit also makes a concerted effort to consult and educate the public and private sector on Work Integrated Learning” explained Pop.

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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.