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Road safety at Noordgrens

Ingraining road safety from a young age is practised in playful fashion at the new simulation track at Noordgrens Secondary School in Kavango East.

Noordgrens Secondary School in the Kavango East Region, home to 1100 learners from Grade 1 to 12 now has a brand new simulation field and a revamped playground thanks to the MVA Fund’s generous support.
The institution constructed a road safety simulation field and renovated the school’s playground at a cost of N$135,000.

“As children are more exposed to injury risks on the roads than adults, it is imperative to educate them from as young an age as possible, through programs that carry messages about the dangers of roads and traffic.
This will not only help them develop the knowledge and attitudes that will lead to responsible behaviour on the road, it will also help them make informed decisions and develop positive attitudes to road safety, which will expectantly be demonstrated in lifelong safe road user behaviour,” said the MVA Fund.
Data from the MVA Fund Call Centre reveals that on average, 623 people between 0 and 15 years and 3421 people between 16 and 35 years are injured in road crashes per year. Furthermore, 83 people aged between 0 and15 are killed and 302 in the age group of 16 to 35 are killed evert year.
This calls for great interventions which are crucial in making the youth stay safe on the roads.
The MVA Fund’s Chief Human Capital, Mr. Fanuel Uugwanga, said the simulation field highlights the long lasting partnership between the MVA Fund and education.

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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.