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Firemen need to be protected first

Firemen need to be protected first

Dundee Precious Metal Tsumeb runs its own well-equiped firefighting unit. This is an operational requirement since the smelter operators stores so much incendiary chemicals. But from their own experience, Dundee knows how important it is to protect the fireman first, before he can protect others. This also applies to the municipal firefighting unit in Tsumeb, thus Dundee recently donated bunker gear worth N$100,000 to the town’s firemen. The bunker gear consists mostly of Personal Protective Equipment.
The gear comprises six advanced bunker jackets, fire boots, pants and gloves. Dundee Precious Metals Safety Manager, Alfeus Gariseb highlighted the importance of safety in the community and sharing resources and expertise.
“Safety is paramount at Dundee and is held in high regard by both Tsumeb Fire station and the Company’s Fire and Emergency Response division. One could say both institutions’ goals are somewhat aligned,” said Dundee’s Superintendent Fire & Emergency Response, Quinton Galloway.
Tsumeb Municipality Chief Fire Officer, Mathew Shikewa mentioned that their personal protective gear had sustained damage during a previous fire. He acknowledged Dundee for going above and beyond to provide the local station with specialized equipment. “This will be used to render care and assistance to citizens in need”, Shikewa said.
According to Tsumeb firefighter, Timoteus Wangolo the donation is a long term investment that is set to benefit not only the fire station but the entire community.

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Today the Typesetter is a position at a newspaper that is mostly outdated since lead typesetting disappeared about fifty years ago. It is however a convenient term to indicate a person that is responsible for the technical refinement of publishing including web publishing. The Typesetter does not contribute to editorial content but makes sure that all elements are where they belong. - Ed.

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.