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Opotuli takes centre stage ahead of Trade Fair

Opotuli takes centre stage ahead of Trade Fair

With hordes of travellers expected to travel to the north for the Ongwediva Trade Fair and Olufuko Cultural festivals, the Motor Vehicle Accident Fund (MVA) will this week launch its Opotuli campaign, hoping to stop drunk drivers dead in their tracks.
“August marks an exciting time for Namibians as family and friends get together in celebration of the many festivities lined up during this month. Of prominence is the Ongwediva Annual Trade Fair and the Olufuko Cultural Festival which are taking place in the north as well as the commemoration of Heroes Day on 26 August, which will be celebrated at Walvis Bay. These festivities also fall in the school holidays adding to the high number of road travellers,” the MVA said.
As a result, the coming weekend will see an influx of travellers mainly towards North, West and other parts of Namibia, culminating in high traffic flow and increasing the risk of road crashes during this period. The consequence of such celebrations and gatherings are likely to result in more drivers driving under the influence of alcohol too.
MVA Fund statistics recorded during Heroes Weekend of 25 August to 31 August 2015 indicate that 12 lives were lost in 94 crashes with resultant injuries of 193 persons.
The rising spate of road crashes across the country coupled with mass casualty crashes which predominantly took place during June 2016, steered the Minister of Transport and Works, Hon. Alpheus !Naruseb to call upon all road safety partners to come up with sustainable initiatives to redress the escalating number of road crashes on Namibian roads the MVA motivated.
The MVA Fund in conjunction with law enforcement agencies including NamPol, Roads Authority, Local Authority Traffic units and other partners such as National Road Safety Council (NRSC) launched the ‘Opotuli’ road safety campaign on 24 June 2016. The campaign, which is partly sponsored by the Self-Regulatory Alcohol Industry Forum (SAIF) and Private Sector Safety Forum (PSRSF), is currently in full swing and is expected to run until the end of January 2017 and will be stretched to all 14 regions across the country.
With the focus of doing random breath testing for alcohol consumption and vehicle fitness, the main aim of Opotuli is to encourage road users to change their mindset while using the roads. Even though Namibia was rated as the top African country with the best road infrastructures by the World Economic Forum in their Global Competitive Report of 2014/15, it is evident that good infrastructure alone is clearly not sufficient to save our people from succumbing on the country’s roads, and only significant behavioral change among road users can make the road safer to everyone,” the MVA Fund said.

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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.