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Windhoek road carnage can be halved

In relation to Windhoek’s level of motorization, the city faces a serious problem of road crashes. From January this year to mid July, 374 lives were lost in 2202 crashes on the country’s roads, leading to 3838 cases with varying degrees of injury.

The Motor Vehicle Accident (MVA) Fund and the Namibian Police, City Police, Roads Authority, Namibia Public Passenger Transport Association, Namibia Bus and Taxi Association and the National Road Safety Council launched the road safety campaign from mid-May to mid-June.
Statistics from the Motor Vehicle Accident Fund show that crashes increased by 19, while injuries increases by 543 and fatalities by 12, in comparison to the previous year. The fund is confident that if patience and caution is practised by road users;inhabitants and visitors can reduce the carnage to half the current reported accidents. The Khomas Region currently recorded 139 crashes from the national total of 321 during June this year alone. Statistics show that 54 % of these crashes happen during weekends. The statistics also show that 59% of these crashes were recorded between 14:00 and midnight Traffic violations such as unsafe following distances, not dimming lights, speeding and wrongfully overtaking are the more common causes of road accidents according to MVA. The findings of the intervention will assist in formulating effective short and long term road safety programmes of action such as public education activity to curtail avoidable deaths and injuries in the region. The MVA is alarmed at the current state of road safety nationally and urges all road users to take responsibility on the road. The road crash data collected by the MVA Fund Call Center shows a regular pattern of high road crashes in the Khomas. The region also recorded the highest number of injuries during the same time with 248 injuries compared to 603 recorded nationwide in comparison to the other regions around the country.

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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.